Electricity workers and pylon silhouette

Singapore to import electricity from Malaysia

Singapore is set to import electricity from Malaysia as early as next year in a trial to diversify the country’s energy supply.

Making the announcement on Monday, Trade and Industry Minister Chan Chun Sing said: “We will kick this off by importing 100 megawatts of electricity imports for a trial period of two years to see how the market works and to see how the technical challenges can be overcome.

“This will allow the region to share the clean energy sources that different countries may have.”

He was speaking on the first day of the Singapore International Energy Week, an annual energy conference involving international policymakers and industry commentators, held in the Sands Expo and Convention Centre at Marina Bay Sands.

In a media release on Monday, the Energy Market Authority (EMA) said that it plans to issue a Request for Proposal by March next year for 100 megawatts of electricity imports. The amount is equivalent to about 1.5 percent of Singapore’s demand.

Under the proposal, electricity imports could begin as early as the end of 2021 via the existing interconnector between Singapore and Malaysia.

Does Singapore import electricity? 

More than 95 percent of its electricity is generated from imported natural gas, of which the majority is from Malaysia and Indonesia.

EMA said: “To meet our climate change commitments, there is a need to change the way Singapore produces and uses energy. Tapping regional power grids for cleaner energy resources is one strategy to further diversify Singapore’s energy supply.”

The statutory board added that the trial aims to assess and refine the technical and regulatory frameworks for importing electricity into Singapore to help facilitate larger-scale imports from the region in the future.

An importer will be selected through an open and competitive selection process. Potential importers will have to demonstrate, among other things, their track record, their ability to secure demand from Singapore consumers, and how they manage the carbon output of generation supply.

Singapore Minister to Kick Off Gastech Virtual Summit 2020

The Minister of Trade and Industry of Singapore will be responsible for opening the Gastech Virtual Summit 2020, a global convening event that will address the new challenges of the gas industry and the energy sector.

Singapore Minister of Trade and Industry Chan Chun Sing confirmed that he will open the Gastech Virtual Summit 2020.

The global event for the Gas, LNG and energy industry is scheduled to take place between September 7 and 11.

This activity will address the importance of the energy transition and the necessary collaboration between governments and industry.

The Gastech Virtual Summit Strategic Conference comprises ministerial and global sessions of business leaders.

Gastech Virtual Summit will address industry challenges

The Gastech will offer advanced information on the latest business strategies and industry-leading trends.

They will also discuss issues such as, what affects the future of the industry, the prospects for recovery in demand and investment, as well as changes in supply in the Post-Covid-19 world.

They will also present recent research on new technologies and business strategies to help companies thrive in tough times.

The summit will feature the participation of more than 200 industry leaders who will share strategies to face the new changes in this field.

¨Gastech has the power to convene industry thought leaders, to address energy transition strategies as we move towards goals, this year the Gastech Virtual Summit will address the collective challenges and opportunities facing the industry¨, said Nick Ornstien, vice president of energy for DMG Events.

Attendees will have access to exclusive information from ministers, political and business leaders, disruptors and innovators.