During his participation in the Asia 2025 Gas Markets Conference, held as part of the Singapore International Energy Week, GasCo CEO Alan Heng confirmed that the company will start bidding for LNG supply contracts in the first quarter of 2026, with deliveries scheduled from 2028. This measure seeks to anticipate a potential supply shortfall and maintain a stable domestic energy flow.
EMA license and institutional support
In September 2025, the company was granted a Gas Importer’s License (Import Hub) by the Energy Market Authority (EMA), which allows it to import piped gas and LNG centrally.
Obtaining this license has allowed the company to advance in the expansion of its equipment, consolidation of international alliances and greater cooperation with regional suppliers, thus laying the groundwork for full operation in 2026.
LNG as an energy backbone
Speaking on the panel “Energy Integration in a Changing Landscape,” Alan Heng remarked that LNG will continue to be an essential bridging fuel for Singapore as it contributes to the decarbonization without compromising energy stability.
The event was moderated by Kenneth Foo, Global Head of LNG Pricing at S&P Global Commodity Insights, who led the discussion on the changing dynamics in the Asian mainland gas market.
Regional perspective and future objectives
GasCo’s strategy not only responds to domestic needs, but also to an increasingly competitive and demanding regional scenario. With Asia leading the growth in LNG consumption, Singapore’s early preparation through GasCo seeks to secure strategic advantages in a rapidly evolving market.
Through this centralized purchasing and distribution model, the company aims to consolidate its position as a reliable player in the Asian energy landscape. In parallel, it aims to align itself with the global energy transition, maintaining operational flexibility while the country develops renewable energy sources.
Source: GasCo