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Singapore to set up centralized gas procurement, supply entity for power sector

October 23, 2023 Comments Off

Singapore will set up a state-backed gas company to handle gas procurement and supply for the power sector, in a move that creates a new centralized system to ensure energy security, Gan Kim Yong, Minister for Trade and Industry, said at the Singapore International Energy Week 2023. The move is in line with the broader trend of increased government intervention…