Singapore's Minister of Energy, Trade and Industry said that Singapore is promoting diversification of supply sources, increasing reserves, and building new infrastructure in an effort to enhance its own security capabilities. Earlier, Indonesia cut pipeline gas exports to Singapore, and Indonesian President Prabowo Subiyendo sought to increase domestic supply. The Singapore Energy Market Authority said that the country has sufficient supply, and the current round of cuts accounts for less than 2% of daily natural gas demand; Minister of Energy, Trade and Industry Chen Shilong said there is no need to worry about supply shortages. “We can keep calm and continue to move forward steadily,” Chen Shilong said at the Singapore International Energy Week conference on Monday. “Homes and businesses can rest assured that energy security is always our top priority.”

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