Govt looking at two ways to boost energy industry

Mr Iswaran (second from left) touring an exhibition at the Singapore International Energy Week on Oct 26.
Mr Iswaran (second from left) touring an exhibition at the Singapore International Energy Week on Oct 26.ST PHOTO: CHEW SENG KIM

The Energy Market Authority (EMA) is looking at two ways to further boost the energy industry in Singapore, Mr S. Iswaran, Minister for Trade and Industry (Industry), said yesterday.

First, it plans to work with the industry to further facilitate power-generation investment decisions in Singapore, by providing more information to investors.

The EMA has put up a consultation paper on its website to gather feedback from the industry, in areas such as regulatory approval, long-term energy market outlook and a framework to allocate land for new generation assets. The closing date for submission of comments and feedback to this paper is Dec 21.

"Information on our energy market and land allocation policy will enable the industry to plan for the long term," said Mr Iswaran.

Second, the Government is planning to establish a Secondary Gas Trading Market in Singapore, where gas buyers and sellers can trade gas on a short-term basis domestically.

On this count, EMA hopes to gather industry feedback on a proposed market design and implementation road map, as well as on the establishment of an industry working group.

The closing date for submitting this is Nov 20.

Audrey Tan

A version of this article appeared in the print edition of The Straits Times on October 27, 2015, with the headline 'Govt looking at two ways to boost energy industry'. Print Edition | Subscribe