Singapore LNG seeks spot cargoes as electricity futures soar
The Straits Times|October 15, 2021
Rocketing prices see retailer iSwitch Energy exit market, 3 others stop accepting new clients

Singapore LNG Corp (SLNG) is making inquiries about buying LNG cargoes from the spot market, a rare move for the operator of the city state’s liquefied natural gas (LNG) terminal, industry sources said on Wednesday.

The inquiries come on the back of surging prices globally of power generation fuels, such as LNG and coal, amid power shortages from China to India to Europe.

The rocketing prices have also led to one of Singapore’s largest independent electricity retailers exiting the market.

According to company sources, at least three other electricity retailers here have stopped accepting new clients as well.

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