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Singapore establishes new GasCo, and appoints a chief executive, according to regulator

Singapore's energy regulator announced on Wednesday that the country had established a wholly government-owned company called Singapore GasCo, to centralise gas procurement and supply to the power sector of the city-state.

Energy Market Authority (EMA), in a press release, said that the entity would also benefit from economies of scale, negotiate better gas contracting terms and procure gas from different sources. It would sign contracts for longer periods to ensure a more stable gas supply and price.

Alan Heng was also named as Singapore GasCo CEO by the EMA. He was previously the Group Chief Executive of Singaporean LNG company Pavilion Energy from March 2025.

Singapore announced its intention to create Singapore GasCo in 2023 to purchase and manage the natural gas for the power sector.

Gas is used to generate 95% the electricity in the city-state.

A Singaporean minister stated last year that the government expected the entity to begin procuring LNG in 2026.

Kpler, a data analytics firm, estimates that Singapore will import 6.35 million tons of LNG by 2024.

(source: Reuters)