Singapore, Australia enter partnership to strengthen energy cooperation
It provides a framework for both energy regulators to promote cooperation and sharing of regulatory practices on gas and electricity markets
Add BT as a preferred source
[SINGAPORE] The Republic’s Energy Market Authority (EMA) and its Australian counterpart signed a memorandum of understanding on Tuesday (Oct 28) to strengthen regulatory exchanges and energy cooperation.
The agreement, which was signed at the Singapore International Energy Week, provides a framework for both energy regulators to promote cooperation and sharing of regulatory practices on gas and electricity markets, said EMA on the same day.
It will also facilitate greater knowledge exchange on low-carbon technologies, and deepen cooperation at multilateral platforms in support of Asia-Pacific’s energy transition.
Activities under this partnership include knowledge and experience sharing, training and exchange programmes, as well as dialogues between EMA and the Australian Energy Regulator (AER).
Puah Kok Keong, chief executive officer of EMA, said that energy regulators are at the heart of the energy transition.
“EMA is delighted to deepen our cooperation with the AER on regulatory best practices and low-carbon energy technologies. This builds on the excellent momentum of our bilateral energy cooperation and the 60th year of diplomatic relations between Singapore and Australia,” he added.
Justin Oliver, deputy chair of AER, said that the regulator was proud to further its partnership with EMA, as well as regulators across Asean.
“Through sharing expertise and experiences, we can strengthen efforts to support energy security and the energy transition across the region,” he added.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
