Singapore unlikely to face energy price surge amid global demand

Singapore depends on imported gas for about 95% of its electricity needs, making it vulnerable to any shifts in global supply and demand. This is made up of piped natural gas from Malaysia and Indonesia, and LNG from various countries.

SINGAPORE: The republic is unlikely to experience a surge in energy prices despite greater demand for heating and electricity amid an unusually cold winter in the Northern Hemisphere, industry analysts say.

This comes as a rare triple-dip La Nina is forecast to induce below-freezing temperatures in China, Japan and South Korea over the next few weeks and an Arctic blast has dumped snow on Britain and Germany.