The Business Times
business-time-50

Energy transition could rock Singapore’s star energy & chemicals sector

google-preferred-sourceAdd BT as a preferred source
Anita Gabriel

Anita Gabriel

Published Thu, Sep 14, 2023 · 05:39 AM
    • Plans are underway to transform Jurong Island - the pulse of Singapore's energy and chemicals sector - into a space that operates sustainably and exports sustainable products globally
    • Plans are underway to transform Jurong Island - the pulse of Singapore's energy and chemicals sector - into a space that operates sustainably and exports sustainable products globally PHOTO: JTC CORP

    SINGAPORE’s hard-fought status as one of the world’s top energy and chemicals (E&C) hubs could be in for a shakedown, as multinationals adjust their ambitions in traditional fuels and work on an energy transition.

    Experts say that journey could take at least two decades, however, and oil and gas will play an important role in the global energy mix through 2050.

    “The traditional energy sources – such as oil and gas or hydrocarbons – are not going away any time soon,” said Sanjeev Gupta, EY’s Asia-Pacific oil & gas leader.

    oilSingapore economyRenewable energySpotlight

    TRENDING NOW

    Singapore’s next chapter should not be framed as a choice between economic growth and social well-being. We need both.

    Singapore at 61: How we can ensure opportunity, security and ownership for the next generation

    As National Day approaches, Singapore is a winner by most traditional measures. But despite more people qualifying as millionaires, many do not feel financially secure.

    The S$1 million National Day paradox: ‘money dysmorphia’ amid a wealth surge

    To get the payment, one has to be a Singapore citizen who is staying here, and is aged 21 years or above in 2026.

    Over 2.4 million adult Singaporeans to get special S$400-S$600 cash payment in September

    Singapore consistently champions the open, rules-based order and the principle of Asean centrality that underpins regional and global stability.

    Why Asean matters more than ever to the UK and Singapore

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More