Energy security

ESG INSIGHTS

Issue 194: Concord New Energy’s Reit speculation; Year-end goal for Indonesia-Singapore clean-electricity trade

This week in ESG: Renewable energy player still evaluating possibility of spin-off; country’s leaders mull kick-off for green electricity trade

Diesel and petrol prices rose by over 3% – a modest increase in the context of an almost 50% increase in Brent crude since the Iran war began.

India hikes fuel prices for the first time in four years amid Iran war crude spike

The move follows a cut in fuel taxes in March that gave refiners some relief, but will not offset losses

The Iran crisis has shown how disruptions can cascade through the global economy, affecting energy markets and shipping routes, among others, says DPM Gan.

Economic Strategy Review: Taking ‘bold bets’, building energy resilience among final recommendations

Of 32 proposals to the Singapore government, the newest are related to energy and supply chain resilience

Building energy resilience is one of four recommendations under a new section in the ESR's final report.
COMMENTARY

Economic Strategy Review: New section on resilience underscores the stormier world that Singapore faces

Its midterm report came before the Iran war; the final recommendations clearly take the conflict into account

The Hormuz closure sharpens the logic behind renewables by reframing it as domestic supply; making system flexibility and resilience a policy priority; and accelerating electrification economics.
THE BOTTOM LINE

From Hormuz to home-grown power: Why the Middle East crisis strengthens the case for investing in Asia renewables

Forward-looking investors are backing companies that can orchestrate the entire energy system

LNG may find a way to soldier on as a raw material for the chemicals industry, but prospects for the roughly 40% that goes into power generation look bleak.

Why US$70 should be the most worrying number for LNG

The number is a decent approximation for the price of LNG-fired electricity from an existing plant

Teapot refiners have a checkered history with authorities in Beijing.

China’s private refiners seek Beijing approval to cut run rates as Iran war hits margins

Many smaller operations have been grappling with weeks of deepening losses

Asean economic ministers “identified practical, concrete response measures” to ensure energy and food security, according to a chair statement, but the proposals lacked specific details.

Asean leaders seek coordinated strategy to ensure region’s food, energy security

Establishing a harmonised approach remains a big challenge for the region

Australia is one of the world’s largest LNG exporters and ships more gas overseas than it consumes domestically.

Australia requires LNG exporters to reserve 20% of gas for east coast market

The scheme will apply from July next year and replace a range of current gas market interventions

The area around Singapore and southern Malaysia is a major fuel refining and storage hub for Asia.

New Zealand eyes fuel storage options in Singapore and Malaysia

The government data shows fuel stocks have declined slightly, with less than 50 days of demand cover for petrol and diesel