Singapore GasCo Secures LNG Through 2026 as Iran War Delays Hormuz Shipments
Updated
Updated · Bloomberg · May 19
Singapore GasCo Secures LNG Through 2026 as Iran War Delays Hormuz Shipments
1 articles · Updated · Bloomberg · May 19
Singapore GasCo has bought enough liquefied natural gas to cover demand through the end of 2026, replacing cargoes delayed behind the Strait of Hormuz.
The state-owned buyer sourced replacement LNG on the spot market from regions outside the Middle East after the Iran war disrupted normal shipping flows.
CEO Alan Heng said the company is also pursuing longer-term supply contracts to reduce exposure to similar disruptions.
Those potential deals include suppliers in the US, Australia and Canada, broadening Singapore's procurement beyond the Middle East.
With Hormuz closed and US supply tight, can African LNG truly secure Asia's energy future?
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As nations scramble for gas, is the 2026 energy crisis killing global climate commitments?