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SINGAPORE – Singapore expects all parties to honour their commitments made under commercial contracts, and the country\u2019s gas importer will take necessary steps to protect its rights and interests, said Prime Minister Lawrence Wong.<\/p>\n
Speaking at the PAP conference on Oct 25, he noted that Indonesia announced cuts to its gas exports to Singapore the day before.<\/span><\/a><\/p>\n Most of Singapore\u2019s electricity is currently generated using natural gas, and a significant amount of gas is imported through pipelines from Indonesia, he added.<\/p>\n \u201cWe expect all parties to honour their commitments, and Singapore\u2019s gas importer will take the necessary steps to protect its rights and interests under these contracts,\u201d PM Wong said.<\/p>\n Indonesia said it would cut natural gas exports to Singapore by 31 billion British thermal units per day (BBTUD) from Oct 24. This was framed in Indonesian media reports as part of President Prabowo Subianto\u2019s government moves to prioritise domestic energy needs amid growing concerns over energy security.<\/span><\/a><\/p>\n The reduction affects gas supplied through pipelines from Natuna and Sumatra, and Indonesia\u2019s upstream oil and gas regulator SKK Migas said the cuts would affect only Singapore because the relevant export pipelines were connected directly to the city-state.<\/p>\n The Energy Market Authority said in response that the reduction in the gas supply from Indonesia will make up less than 2% of Singapore\u2019s total daily gas demand.<\/p>\n EMA spokesman\u2019s said that based on the information from Singapore\u2019s natural gas importers, the total reduction amounts to 17 BBTUD over a period of 18 days.<\/p>\n Singapore\u2019s total daily gas demand amounts to more than 1,000 BBTUD.<\/p>\n In his speech, PM Wong said Singapore has been preparing for such risks and has invested in liquefied natural gas terminals to import natural gas from different countries, without having to rely on pipelines.<\/p>\n \u201cThis gives us more options to manage any disruptions to our gas supply,\u201d he added.<\/p>\n