Singapore’s strategies to meet its energy challenge amid an uncertain global energy future

October 31, 2011 by  
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Singapore is taking steps to address its energy challenge by diversifying energy mix, managing energy demand, and encouraging innovative technologies, amid an uncertain global energy future.

During his Opening Address at the Singapore Energy Lecture, which kicks off the annual Singapore International Energy Week (SIEW) 2011, Mr S Iswaran, Minister, Prime Minister’s Office and Second Minister for Home Affairs and Trade and Industry, shares Singapore’s three strategies in addressing its energy challenge, given its over dependence on energy imports and the need to secure reliable and affordable energy supplies.

Diversify Energy Supply

Mr Iswaran shared that the key thrust of Singapore’s energy strategy is the diversification of its energy supplies through Liquefied Natural Gas (LNG) and electricity imports. Singapore will also continue to explore other options like solar energy. Read more

IEA Chief Economist offers a look at our energy future

June 21, 2011 by  
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The era of cheap oil is over, and policies fall short of what is needed for a secure and sustainable energy future, says Dr Fatih Birol, Chief Economist of the International Energy Agency, in his lecture titled “A Glimpse into the Energy Fututre” at today’s EMA Distinguished Speaker Programme. This lecture is jointly organised by the Energy Market Authority and the Energy Studies Institute.

Era of cheap oil is over

Dr Birol shares that the era of cheap oil is over because of structural changes, and there is growing risk that the upturn in oil prices could undermine economic recovery.

On the demand side, strong growth from the transportation sector due to booming demand for mobility in emerging economies drives up oil use. The global car fleet continue to surge as more people in China and other emerging economies buy a car. Read more

Singapore Energy Conference: Assessing the Energy Landscape for Today and Tomorrow by Peter Schwartz

November 11, 2008 by  
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Mr Peter Schwartz, Chairman of the Global Business Network and renowned futurist, gave a keynote address on “Assessing the Energy Landscape for Today and Tomorrow” at the Singapore Energy Conference held last week. He is also a member of the International Advisory Panel (IAP) on Energy set up by the Ministry of Trade and Industry (MTI) to “provide insights and perspectives on emerging trends in the global energy arena, and to advise on the strategic directions for the energy sector in Singapore”.

In his presentation, Mr Schwartz focused on five key questions for the energy future:

  1. How much will income grow?
  2. How much will efficiency contribute?
  3. What is the future of conventional oil and gas?
  4. How much will greenhouse gas matter?
  5. What is the future of low carbon technology?

These five questions will define how our energy future would look like. Let’s take a closer look at Mr Schwartz’s thoughts on the questions. Read more