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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

Published Wed, Oct 29, 2014 · 09:50 PM

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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