Exciting developments and announcements set the stage for New Horizons in Energy

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.

Winners of the SEA Award - Mr Quek Poh Huat, Senoko Energy and Energy Carta - respectively
Singapore as a gas hub for the region

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.

SIEW 2013 in summary

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.