- Singapore GasCo established to centralise gas procurement.
- Alan Heng appointed as CEO with over 37 years of industry experience.
- SG GasCo to support Singapore’s energy transition towards net-zero by 2050.
Singapore’s energy sector sees a major shift with the establishment of a new entity to manage natural gas procurement and supply.
Overview of Singapore GasCo Establishment
In a press release by EMA, a significant development in Singapore’s energy sector was announced on 7 May 2025.
The establishment of Singapore GasCo Pte Ltd (Singapore GasCo) marks a new chapter in the nation’s energy management strategy.
This new entity is set to play a vital role in Singapore’s power sector.
SG GasCo’s Role and Purpose
S’pore GasCo’s primary function is to centralise the procurement and supply of natural gas to the power sector in Singapore.
This is a crucial task, considering that natural gas accounts for around 95% of Singapore’s electricity generation.
As a fully Government-owned entity, Singapore GasCo is positioned to achieve several key objectives:
- Reap economies of scale in gas procurement
- Negotiate for more favourable gas contracting terms
- Procure natural gas from diverse sources
- Enter into longer-term gas contracts
- Provide more stable supply and prices
These objectives align with Singapore’s broader goal of supporting the energy transition towards net-zero by 2050.
Key Personnel and Experience
At the helm of Singapore GasCo is Mr. Alan Heng, who has been appointed as the Chief Executive Officer.
Mr. Heng brings a wealth of experience to the role, with over 37 years in the energy sector.
His background includes significant experience in the natural gas sector, making him well-suited for this critical position.
Prior to joining S’pore GasCo, Mr. Heng served as the Group Chief Executive Officer of Pavilion Energy until March 2025.
His career also includes 23 years at ExxonMobil, where he held various senior management positions.
Mr. Heng’s expertise spans planning, operations, and marketing within the energy industry.
Significance of the Establishment
The creation of Singapore GasCo represents a major milestone in Singapore’s energy transition journey.
It is expected to play a key role in supporting a secure, resilient, and cost-competitive power system for the nation.
This strategic move aligns with Singapore’s commitment to sustainable energy practices and long-term energy security.
By centralising gas procurement and supply, Singapore aims to navigate the complexities of the global energy market more effectively.
As Singapore continues its journey towards a more sustainable future, entities like SG GasCo will be instrumental in managing the transition.
Do you think the establishment of Singapore GasCo will lead to more stable electricity prices for consumers in the long run?
