Singapore, Japan forge alliance for LNG procurement

The Energy Market Authority (EMA) of Singapore and Jera, Japan's leading utility company, have signed a memorandum of understanding (MoU) to collaborate on LNG procurement and supply chain management, Jera said on April 16. This MoU builds upon a memorandum of cooperations signed in October 2022 by the trade and industry ministries of Singapore and Japan. 

“Natural gas will continue to be a major part of our energy mix even as we pivot to and scale up lower carbon sources in the medium to longer term,” Soh Sai Bor, assistant chief executive, EMA, said.

Ryosuke Tsugaru, chief low carbon fuel officer, Jera, said, “Through this MoU, Jera and EMA will seek to establish a more stable, resilient, and cost-efficient energy flow into both Japan and Singapore leveraging their mutually complementary relationship.”

Jera recently penned a pact with Indonesia's state power company, PLN, to develop the LNG value chain in the southeast Asian nation.

Singapore currently has one LNG import terminal. Singapore LNG Corp recently said it will develop and operate the country's second LNG terminal, with gas supply capacity of up to 5mn tonnes/year.