Energy markets

Saudi Arabia, Kuwait to pursue energy deals despite war

Gulf states are keen to portray a business-as-usual approach despite Iran’s attacks

Sembcorp is well-positioned to navigate limited LNG supplies following Qatar Energy's recent force majeure declaration, analysts say.
BROKER’S TAKE

Sembcorp shares end 4.3% higher as CGSI adds counter to top Singapore picks

Analysts say the stock is trading at an ‘undemanding’ valuation of nine times its estimated FY2027 PE ratio

China is keen to blunt the impacts of a shortage of oil and gas experienced by neighbours such as Japan and South Korea.

China’s ‘supergrid’ gives Xi buffer against energy shocks

The world’s No 2 economy has become one of the biggest investors in power grids globally

China has been expanding its power system continuously since its industrial awakening in the 1990s.

China’s four-year energy spree has eclipsed entire US power grid

Since 2023, capacity additions have averaged more than 400 gigawatts a year

The Next-Generation Energy Xccelerator Joint Lab (NEX Lab) was officially opened on Friday (Jan 23) by Minister of State for Trade and Industry Alvin Tan (third from left).

Halliburton, A*Star launch S$35 million joint lab to advance well completion tech

This collaboration will create upskilling and innovation opportunities for local enterprises, EDB says

LNG prices should be cut by nearly half to around US$7 per million British thermal units by 2027, says Morgan Stanley.
BROKERS’ TAKE

These Singapore winners can benefit from AI boom, power crunch: Morgan Stanley

A ‘glut’ of new LNG supply from the US and Qatar is set to hit Asian markets

Blackstone is merging MPS, which manufactures parts for the electrical grid, with Power Grid Components, a supplier it acquired in 2023.

Blackstone eyes US$2.6 billion of debt to finance power merger

Electricity demand is soaring globally as the data centres needed for Big Tech’s artificial intelligence objectives put pressure on power grids

Top EV players CATL did not break out energy storage shipments through the third quarter.
ANALYSIS

China’s power reforms, global data centre buildout usher in battery boom

China lithium-ion battery cells for energy storage tipped to jump 75% this year

CVC’s investment in Low Carbon will be done via its DIF Infrastructure VIII fund.

CVC leads £1.1 billion deal to back UK energy firm Low Carbon

The investment will help Low Carbon expand its renewable electricity business in the UK and Europe