State-owned Singapore GasCO said it has secured sufficient liquefied natural gas (LNG) for the remainder of the year, according to a report by The Business Times on Wednesday.
The move comes following the US-Iran conflict, which has impacted fuel shipments passing through the Strait of Hormuz, the report added.
As part of its energy security strategy, the company is also looking to wrap up long-term deals with the likes of the US, Australia and Canada, according to CEO, Alan Heng.
The city-state is completely reliant on natural gas to meet its electricity needs, the report noted.
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