Prices of natural gas provided under long-term contracts have risen by up to 50%: Gan Kim Yong

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Prices of natural gas provided under long-term contracts have risen by up to 50%: Gan Kim Yong - Channel News Asia

Quick Summary:

Last week, it was announced that electricity tariffs in Singapore would dip during the October to December period after six consecutive quarters of increase.Pressed for time?

Global energy markets have been impacted by Russia’s invasion of Ukraine, and as winter approaches with Russian gas supplies restricted for "unfriendly" countries, a scramble is under way in Europe to secure more LNG.

In the question, Member of Parliament Louis Chua (WP-Sengkang) had asked Mr Gan about the proportions of PNG and LNG used by Singapore to generate its electricity, and about the year-to-date price changes for these commodities.