Secondary gas market to boost S'pore's LNG hub ambition
EMC and EMA gathering stakeholders to develop a trading platform, S Iswaran announced at Gas Summit Asia
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Singapore
SINGAPORE'S wholesale electricity market operator, Energy Market Company (EMC), and gas industry regulator, Energy Market Authority (EMA), are tying up with industry players to develop a trading platform to facilitate a secondary gas market here.
Currently, local buyers who sign gas contracts are locked into long-term commitments, but their short-term needs may differ, often resulting in either excess or short supply.
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