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Singapore GasCo to seek offers for LNG supply for delivery from 2028
The Straits Times
|November 22, 2025
Singapore’s new state gas buyer Singapore GasCo will seek offers in the first quarter for liquefied natural gas (LNG) term supply for delivery from 2028 to meet an expected supply gap in the country, its chief executive officer Alan Heng said.
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The government-owned company was set up earlier in 2025 to centralise Singapore’s gas procurement and supply after LNG prices spiked with the Ukraine-Russia war.
Existing contracts will cover Singapore’s demand over the next two years, but the supply gap is set to grow to around three million tonnes in 2028 to 2029, and reach about six million tonnes in 2035, Mr Heng told Reuters during an interview on Nov 20.
“We anticipate that by 2028 to 2029, it would ramp up quite significantly,” he said, with these estimates factoring in imports of piped gas and power from neighbouring countries.
Singapore relies on gas to generate 95 per cent of its electricity.
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