Officials addressed claims that liquefied natural gas cargoes sourced from Indonesia were improperly diverted to foreign markets instead of fulfilling local energy needs. Singapore emphasized that its trading network comprises over 50 international firms that handle global contracts without the physical fuel ever entering the island. Meanwhile, Indonesian piped gas imports are reserved exclusively for domestic consumption rather than re-export. Jakarta's recent supply curbs cut deliveries by roughly 17 billion British thermal units daily, which constitutes less than 2 percent of Singapore's daily demand.
Key points
Natural gas traded by firms based in Singapore moves directly between trading counterpart…: Natural gas traded by firms based in Singapore moves directly between trading counterparties without entering the city-state physically.
Piped natural gas purchased from Indonesia is consumed entirely within Singapore rather t…: Piped natural gas purchased from Indonesia is consumed entirely within Singapore rather than redirected to international buyers.
Singapore expects contractual obligations to be respected even as Indonesia trims gas vol…: Singapore expects contractual obligations to be respected even as Indonesia trims gas volumes to meet domestic requirements.
Sources checked by our analysis pipeline: 1
The Ministry of Energy, Trade and Industry was responding to claims by Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia that some LNG shipped from Indonesia to Singapore was subsequently resold to other countries.
SINGAPORE: Liquefied natural gas (LNG) traded by Singapore-based companies is usually shipped directly from its source country to its destination without physically passing through Singapore, the Ministry of Energy, Trade and Industry (METI) said on Friday (Oct 30).
The clarification follows remarks by Indonesian Energy and Mineral Resources Minister Bahlil Lahadalia, who suggested that some LNG shipped from Indonesia to Singapore was subsequently resold to other countries rather than used for domestic consumption, according to local media reports.
Speaking to reporters on Thursday after a meeting with President Prabowo Subianto in Jakarta, Mr Bahlil said Indonesia had shipped 148 LNG cargoes to Singapore. He did not specify the period over which the cargoes were shipped.
He said he believed some of these cargoes were likely resold to other countries, with the rest used to meet Singapore's domestic demand, local media Jakarta Globe and Antara reported.
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