According to Channelnewsasia -> Yahoo!News Singapore
SINGAPORE : Singapore is setting up an Energy Studies Centre next year.
Deputy Prime Minister S Jayakumar says understanding how competition for energy sources is influencing policies and strategies of major energy suppliers and consumers will be useful.
As an energy importer, Professor Jayakumar says that Singapore is acutely aware of the challenges posed by energy supply and security.
And for the government, energy issues cut across different ministries and agencies.
Five key action areas have been identified, and Singapore will first diversify its energy sources.
“Today, about 80% of Singapore’s electricity is generated by gas imported from Indonesia and Malaysia. To ensure that we are not over-reliant on piped natural gas for our energy needs, we will pursue the import of Liquefied Natural Gas (LNG) to meet future demand for energy. The establishment of an LNG terminal will allow us to obtain gas supplies from more sources in the region and beyond,” says Deputy PM and Law Minister S Jayakumar.
Next is the long term development of new energy sources.
Singapore will keep a close eye on developments and encourage the testing of new technologies in these areas.
Other plans include improving the efficiency in how energy is used, translating that into tangible cost savings, expanding industry development and enhancing international cooperation on energy issues.
- Let’s hope there is no energy crisis BY NEXT YEAR!! haha..LNG going to be expensive…and we are heading into it happily…well…RENEWABLE TIME!
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