Singapore LNG supply buyer GasCo has launched its first procurement exercise for term supplies, while the government is studying a possible third liquefied natural gas import terminal, Minister of State Gan Siow Huang said on October 27, 2026.

Key Takeaways

  • GasCo previously said it would seek long-term LNG supplies for delivery from 2028 onward.
  • A potential third import terminal on Pulau Tekong remains at the feasibility-study stage.
  • Singapore plans to add five gas-fired power plants, raising generation capacity by around 26% early next decade.

Singapore LNG supply plans

Gan announced the procurement exercise at the Asia Gas Markets conference but did not provide further details about it or the size of the potential terminal.

GasCo was established in 2025 to centralize Singapore’s gas procurement and supply. It previously said it would seek long-term LNG supplies in the first quarter of 2026, with deliveries starting from 2028, as it moved toward multi-year contracts rather than one-off spot purchases.

Singapore relies on natural gas for about 95% of its electricity. It imports LNG as well as piped gas from Malaysia and Indonesia.

Power expansion and import capacity

The government said on October 26 that five new gas-fired plants would increase electricity generation capacity by around 26% early next decade from approximately 12 gigawatts at present.

Singapore is expected to face a gas supply gap of about 3 million metric tons in 2028 and 2029, widening to around 6 million tons by 2035.

Construction of the country’s second LNG import terminal began earlier in 2026. It is scheduled to start operations by 2030, adding regasification capacity of 5 million tons a year and bringing Singapore’s total capacity to 15 million tons a year. The separate third terminal is being studied for the northeastern island of Pulau Tekong.

Indonesia’s upstream oil and gas regulator said on October 24 that it had cut pipeline gas exports to Singapore by 31 million standard cubic feet per day to redirect supply to its domestic power sector.

Biomethane trial

Separately, Singapore appointed Keppel Energy, Sembcorp Utilities and Tuas Power as aggregators to test the commercial viability of importing and using biomethane for power generation and industrial decarbonization, Gan said.

She said the effort could create opportunities to develop regional biomethane supply chains using existing gas infrastructure and trading capabilities.

Next milestone

The second LNG terminal is scheduled to begin operations by 2030; the proposed third terminal remains under study.

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