Market Chatter: Singapore Purchases Additional LNG from Other Regions

MT Newswires04-21

Singapore is purchasing additional liquefied natural gas or LNG from other regions, with the conflict in the Middle East wreaking havoc, according to a report by The Straits Times on Tuesday.

According to The Energy Market Authority, LNG shipments have been impacted by the US-Iran conflict, with Singapore GasCo working to ensure the city-state's fuel demands, the report added.

Imported gas makes up around 95% of the country's electricity needs, the report noted.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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