80th Anniversary Commemorative Book - Singapore Manufacturing ...

Current statusIn the last six years, the group has worked with Government agenciesto promote investment in, and development of the energy and chemicalindustry in Singapore and other countries – particularly ASEAN membercountries.The electricity and gas sectors in Singapore have also been significantlytransformed over the last 10 years. Market liberalisation has led to theadoption of gas-fired combined cycle gas turbines, replacing oil-firedsteam plants. This has boosted the competitiveness of electricity pricesand lowered Singapore’s carbon intensity. The divestment of state-ownedpower companies has resulted in the entry of leading global energy playersin Singapore’s electricity market.FutureSingapore is committed to realising a smart energy economy, with innovative,resilient and sustainable energy solutions to fuel its growth. The country hasalso embarked on developing its first Liquefied Natural Gas (LNG) terminalby 2013. The LNG terminal will not only meet Singapore’s energy needs,but see the city-state plugged into the global LNG market. Singapore isalso continually enhancing its energy infrastructure and developing newsolutions to navigate the challenges of the changing energy landscape.The SMF Family 111