Singapore power and LNG ambitions face challenges
Singapore is seeking to supplement its position as Asia's oil trading powerhouse by promoting itself as a regional hub for power and liquefied natural gas. While these ambitions have met with modest success, they also face major challenges
Singapore's free market approach has not just ensured its survival as it celebrates 50 years of independence, but has also established it as a global commodity trading powerhouse. To date, this success has been most marked in oil, with traders across Asia looking to Singapore for regional pricing on products from bunker fuel to fuel oil.
But the city-state's need to ensure security of supply
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