Singapore shuffles its energy make-up
The city state has no indigenous oil and gas output, so is diversifying its energy mix and beefing up its trading efforts
Singapore has a problem. As a small state with no natural energy resources of its own, energy security is an ever-present concern. It also makes Singapore a price-taker, unable to throw much weight onto international energy markets. Diversification of supply has been one strategy to deal with these inherent weaknesses; but a growing presence in energy trading and thoughtful efforts to reconstitute its energy mix are helping too. Singapore has been long aware of the problem. A 2007 National Energy Policy Report was clear, showing the city-state to be vulnerable to energy-supply disruptions, whether due to under-investment or geopolitical events elsewhere. Yet its economic health relies on a s
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