A week when S'pore unveiled strides in world of new energy

Singapore

SINGAPORE, better known as an oil trading and refining hub, this week made significant progress towards the new-energy world of cleaner fuels and smart meters.

In a raft of announcements during the Singapore International Energy Week, the government unveiled new measures and updates for the electricity, renewables and liquefied natural gas (LNG) sectors - initiatives which will essentially shape both the supply and demand side of the energy equation to deliver more secure, cheaper and sustainable energy to Singapore consumers.

These moves also enhance the Republic's goal of becoming a leader in clean technology and LNG, even as oil-related sectors languish.

Minister for Trade and Industry (Industry) S Iswaran said on the sidelines of the event: "Our objectives really are, on the supply side, to create more competition and diversity so that we have security and competitively-priced energy, and, on the demand side, to give our consumers more choice and flexibility and information to help them make good decisions on co…