The Energy Market Authority (EMA) of Singapore has signed a Memorandum of Understanding (MoU) with PetroChina International Company Limited to enhance Singapore’s expertise in Liquefied Natural Gas (LNG) supply and management.
Under the MoU, EMA and PetroChina will explore joint efforts to optimize LNG supply chains, share knowledge on market dynamics and LNG fundamentals, and evaluate joint procurement opportunities. Additionally, the partnership will focus on developing Singapore as an Asian LNG hub and promoting sustainable energy solutions, including gas-to-power initiatives.
The MoU was signed in Shanghai on November 7 by Soh Sai Bor, Assistant Chief Executive of EMA, and Wang Haiyan, Vice President of PetroChina.
Soh emphasized that natural gas will remain crucial for Singapore’s energy security as the country works toward its net zero goal, and that the partnership with PetroChina will help improve LNG procurement strategies and contract terms.
