EMA, Korea Gas Corporation ink MOU to collaborate on LNG procurement, supply chain management

SINGAPORE’S Energy Market Authority (EMA) signed a memorandum of understanding (MOU) with Korea Gas Corporation to collaborate on liquefied natural gas (LNG) procurement and supply chain management for Singapore and South Korea.

As part of the partnership, the duo will “share best practices and knowledge” on procuring and managing LNG supplies.

Both parties will also exchange personnel for training and learning purposes, EMA said on Wednesday (Jun 5).

“As a small country with limited natural resources for power generation, natural gas will remain a major component in our energy mix, while Singapore shifts towards cleaner and greener energy sources,” said the statutory board’s chief executive Ngiam Shih Chun.

In April, EMA signed an MOU with Japan’s largest utility company Jera to cooperate on LNG procurement and supply chains for Singapore and Japan. The MOU came after the memorandum of cooperation on LNG cooperation and energy transitions inked in October 2022 between Singapore’s Ministry of Trade and Industry and the Ministry of Economy, Trade and Industry of Japan.