Singapore will implement an electricity futures market by the end of 2014 and a demand response programme by 2015. These were among the initiatives announced by Mr S Iswaran, Minister in the Prime Minister's Office and Second Minister for Home Affairs and Trade & Industry, at the Singapore Energy Summit on the opening day of SIEW 2013.
In addition, EMA launched a public consultation exercise to seek feedback on enhancing the regulatory framework for intermittent generation sources, with the objective of maximising the deployment of intermittent sources such as solar energy in Singapore.
Minister Iswaran also awarded the inaugural Singapore Energy Award to Mr Quek Poh Huat (Individual Category) and Senoko Energy (Organisation Category), while Special Mention was given to Energy Carta, in recognition of their contributions to Singapore's energy sector.
At the Gas Asia Summit, Minister Iswaran announced that EMA would launch a two-stage Request for Proposal process in 2014 to select the aggregators for the next tranche of Singapore's Liquefied Natural Gas import. Mr Iswaran said that the gas import framework will enhance Singapore's ability "to meet our goals of energy security and price competitiveness" and give gas buyers more options.
Nearly 10,000 delegates gathered at the 6th annual SIEW held at the Marina Bay Sands Expo and Convention Centre from 28 October to 1 November 2013. Sheikh Khalid Bin Khalifa Al-Thani, the CEO of Qatargas, the world's largest producer of liquefied natural gas (LNG), opened the week by delivering the SIEW Opening Keynote Address. His speech assessed the diverse challenges facing the global gas market - including the pricing, outlook and structural issues in North America, Europe and Asia.
In keeping with this year's theme of "New Horizons in Energy", several associated events and eight roundtable discussions organised by renowned Singapore and international think-tanks addressed key trends such as new gas and oil supplies coming on stream; growing LNG trade; the emergence of technologies in renewable energy; and electricity generation and distribution issues.
Boosting energy cooperation with Cambodia and the UAE
Energy partnerships were sealed through the signing of two Memorandums of Understanding (MOUs) with Cambodia and the United Arab Emirates at the sidelines of SIEW.
The MOUs will facilitate information exchange and sharing of experiences in areas such as energy efficiency and conservation, regulation of electricity, renewable energy and LNG.
The first outcome of the MOU with Cambodia will see 60 Cambodian energy officials trained in electrical safety systems, including developing standards on electrical wiring and safety for buildings and households in Cambodia. The project is co-funded by EMA, the Temasek Foundation - a Singaporean philanthropic organisation set up by Temasek Holdings in 2007, and the Ministry of Industry, Mines and Energy of Cambodia.