Overview
Singapore’s utility sector remains robust with market-driven strategies
The Singapore utility sector can be mainly divided into three segments: electric utility, gas distribution, and water management and distribution. Each utility is overseen by a dedicated government regulator. Accordingly, electricity generation and transmission, and gas distribution, are regulated by the Singapore Energy Market Authority (EMA). Similarly, water management and distribution are regulated by the Public Utilities Board (PUB).
Electric Utility Market
The Singapore electric utility market is a robust framework to ensure uninterrupted transmission and fair prices to both suppliers and consumers of electricity. Singapore ranked first among the major developed cities with a system average interruption duration index of 0.56 in the 2019/20 period. The electricity market consists of two main sectors, namely:
In the wholesale electricity market, operated by Energy Market Company, power generation companies are required to offer bids to sell electricity, where depending on the electricity demand and supply, the price of wholesale electricity changes every half-hour.
The retail electricity market, where electricity retailers purchase wholesale electricity contracts and compete to sell electricity to customers. Further, consumers can enter into electricity agreements with Singapore Power Group (SP Group) at the regulated tariff, or purchase electricity from the wholesale electricity market through SP Group, which is a subsidiary of the state-owned Temasek Holdings (Private) Limited.
PowerAssets (SPAA) is the transmission Licensee that owns the power grid, delivering electricity islandwide, while SP PowerGrid (SPPG) is the agent appointed to build and maintain the power grid. SP Services (SPS) is the Market Support Services Licensee providing services including the reading of electricity meters, management of meter data and facilitation of access to the wholesale electricity market. SPPA, SPPG and SPS are subsidiaries of SP Group.
Gas Utility Market
The gas market in Singapore can be broadly divided into two segments, which include town gas and natural gas. Town gas is mainly used for cooking and heating by residential and commercial customers, while natural gas is primarily used for electricity generation and industrial feedstock. Town gas is produced by City Energy Pte Ltd, whilst natural gas is imported via licensed gas importers to the country. PowerGas, a subsidiary of SP Group, is the gas transporter of both town gas and natural gas through its gas pipelines to consumers, who buy gas from gas shippers and retailers.
Water Utility Market
The PUB, a state-operated agency, manages Singapore’s integrated water supply, water catchment and used water. Singapore's water supply is primarily serviced by Four National Taps, which include local catchment water, imported water, NEWater and desalinated water.
Key Trends
Post-COVID recovery drives growth in electricity demand
The EMA expects projected annual system demand and peak demand to increase by 2.8% - 3.2% between 2022 and 2032. This is mainly supported by the following factors:
- Expected post-pandemic demand from new high-growth sectors such as data centers
- Electrification of vehicles in the transport sector
- Changes in population levels
- A rise in temperature levels
- Projected growth in Gross Domestic Product (GDP)
Accordingly, the EMA expects the annual system demand to be approximately 74.0TWh – 79.5TWh in 2032 (compared to 53TWh in 2020), while projected peak demand would be approximately 10,100 MW – 11,000 MW in 2032 (compared to 7,376 MW in 2020).
Medium-term electricity demand to be fulfilled by power importation and renewable energy
Currently, 95.0% of Singapore's electricity demand is supplied through natural gas. The EMA expects natural gas to be a notable supply source of energy for the country, despite expanding in other forms of clean energy in addition to natural gas. Singapore intends to add up to 1.5 gigawatt-peak (GWp) by 2025 and 2.0 GWp by 2030 to the electricity supply through solar energy (compared to 427.6 megawatt-peak in 2020).
Further, as Singapore is an alternative energy disadvantaged country, it signed the Lao PDR-Thailand-Malaysia-Singapore Power Integration Project, jointly committing to initiate cross-border power trade, with a trial to import 200MW of low-carbon electricity from Malaysia and Indonesia. Further, the programme aims to import 4GW of low-carbon electricity by 2035, constituting 30% of the total electricity supply of the country.
To diversify its power sources, Singapore has entered into an agreement planned to commence by end-2028 with Sun Cable under the Australia-Asia Power Link, to import solar energy from a 12,000ha solar farm in northern Australia to Singapore, through an undersea cable. The project is expected to get 2.2GW of electricity and aims to satisfy 15% - 20% of Singapore’s total electricity needs.
Rising electric price tariff leads to market exits for retail electric companies
In October 2021, Singapore's fourth-largest electricity retailer iSwitch, Best Electricity and Ohm Energy announced their departures from the market. The main reasons cited by these companies were electricity market conditions likely driven by the prospect of surging energy prices for the next few years and a severely diminished ability to effectively hedge against volatile conditions in the market.
Out of the remaining nine retail suppliers, six are backed by power generating companies, while Union Power and Sunseap are now offering plans with only marginal price differences compared with the regulated tariff. In 1Q 2022, electricity tariffs rose by 22.5%, largely due to higher fuel costs.
NEWater will continue to be a major source of water supply in Singapore
Singapore’s water distribution and management is serviced by four key methodologies, namely:
- NEWater – the process that recycles treated used water into ultra-clean, high-grade reclaimed water, cushioning the water supply against dry weather.
- Desalinated water – seawater cleaned and standardized for consumption.
- Water from local catchment – it retains most of the rain that falls on Singapore, which is whisked through drains, canals, rivers and ponds to 17 reservoirs for storage, making two-thirds of Singapore’s water catchment.
- Imported water – Singapore imports water from Johor under the 1962 Water Agreement, which allows Singapore to draw up to 250 million gallons per day from the Johor River until 2061.
At present, NEWater and desalinated water supply account for approximately 40% and 25% of Singapore’s water needs, respectively. Further, the PUB expects that in 2030, NEWater supply will meet up to 55% of Singapore’s water supply, supported by the completion of the Deep Tunnel Sewerage System by 2025, which aims to collect all the used water from homes and industries to one of three water reclamation plants.
Additionally, the PUB will ensure water supply reliability through an additional 180 km in pipelines to its 6,500km water pipeline by the end of 3Q 2022.
Key Statistics
- As of end-2021, there were 17 electricity generating companies, 47 wholesale electric suppliers and 20 retail electric suppliers licensed to operate in Singapore.
- As of end-2021, there were four gas importers, five liquified natural gas importers and nine retail gas suppliers licensed to operate in Singapore.
- In 2020, total electricity generation fell by a modest 2.0% YoY to 53,072 GWh, likely due to pandemic-induced disruptions to the economic activity of the country.
- Consequently, electricity consumption fell by 1.8% YoY to 50,751 GWh, owing to lower industry-related consumption (-2.2% YoY), partly offset by a notable increase in household electricity consumption (+7.3% YoY) mainly driven by pandemic-induced lockdowns and other industry manufacturing headwinds. Similarly, town gas sales declined by 2.4% YoY to 1,717 KWh in 2020.
- As of end-April 2021, Keppel Electric maintained the largest share in both Residential (22.1%) and Business (23.4%) retail electricity supply, while Geneco (19.9%) and Tuas Power (17.4%) held the second highest market share, respectively.
Top Singapore MNCs in Utilities Sector
VESTAS ASIA PACIFIC WIND TECHNOLOGY PTE. LTD.
Incorporated in Singapore in 2005, Vestas Asia Pacific Wind Technology Pte. Ltd. designs, develops, manufactures, installs, and services wind energy and hybrid projects worldwide. Vestas Asia Pacific has installed wind power with +113 GW in 81 countries. The firm leverages data to evaluate, anticipate, and harness wind resources to create best-in-class wind power solutions. Vestas Asia Pacific Wind Technology is a subsidiary of Vestas Wind Systems A/S, which is headquartered in Denmark and a global leader in sustainable energy solutions for the energy industry.
LINDE GAS SINGAPORE PTE. LTD.
Linde Gas Singapore Pte. Ltd. was incorporated in 2004 after its German parent company, Linde AG, acquired Singapore Syngas Pte. Ltd. Linde Gas Singapore, or LGS, plays a major role in the industrial gases market in Singapore and has extended its reach across Asia. LGS adds value to its clients by offering cutting-edge gas technology solutions that help to increase operational efficiency and safety, improve product quality and dependability, boost production, and reduce energy consumption and environmental impact. LGS delivers a variety of specialty gases to the scientific sector for research and development, as well as a broad range of local companies.
ENVAC SINGAPORE PTE. LTD.
Repeated Company as per client.
CANADIAN SOLAR SOUTH EAST ASIA PTE. LTD.
Canadian Solar Southeast Asia Pte. Ltd., established in Singapore in 2011, is a subsidiary of Canadian Solar Inc., a firm that produces solar PV modules and manages major solar installations. Canadian Solar Southeast Asia designs, develops, manufactures, installs, and services products, including PERC solar panels, inverters, solar power system kits, and turnkey energy storage solutions for residential and commercial clients. These products are available for small, medium, and large enterprises situated islandwide, as well as being distributed to countries in Southeast Asia.
TRINA SOLAR ENERGY DEVELOPMENT PTE. LTD.
Trina Solar Energy Development Pte. Ltd., founded in 2010, is the Singaporean regional headquarters of the Chinese company Trina Solar Co., Ltd. The company is primarily involved in the research, development, manufacture, and distribution of PV modules, power stations, and system products. Its portfolio of products and services also includes PV power generation, product development of intelligent microgrids and multi-energy systems, as well as the execution of energy cloud platforms. Trina Solar delivered more unique ultra-power solar modules which have helped Singapore to minimize its dependency on fossil fuels. In 2021, 210 Vertex bifacial modules from Trina Solar were deployed on the 60MWp floating solar farm in Singapore.
PPT ENERGY TRADING SINGAPORE PRIVATE LIMITED
Ppt Energy Trading Singapore Private Limited is a Singapore-based marketing office that was founded in 2015, by its parent firm Ppt Energy Trading, which is an oil and gas trading organization that has helped to ensure the energy security of Japan, Indonesia, and other Asian nations. Ppt Energy Trading opened its new marketing office in Singapore in response to increased demand for LNG trading, thereby prioritizing LNG trading than ever before to capitalize on Asia's LNG trading possibilities.
CRONIMET SINGAPORE PTE. LTD.
Repeated Company as per client
MODERN ASIA ENVIRONMENTAL HOLDINGS PTE. LTD.
Repeated Company as per client
VPOWER HOLDINGS (SINGAPORE) PTE. LIMITED
Incorporated in Singapore in 2014, VPower Holdings (Singapore) Pte. Limited is a system integrator. System integration, or SI, and investing, building, and operating, or IBO, are two complementary and interconnected business divisions handled by VPower Holdings in Singapore under its Hong Kong-based parent firm VPower Group. Through its SI business, the firm has been designing, integrating, and distributing high-speed gas- and diesel-fired engine-based generator sets and power generation systems. Meanwhile, through its IBO business, VPower Holdings concentrates on utility-grade DPG projects. For clients with semi-permanent energy needs, the firm also operates and rents DPG stations.
CNOOC GAS AND POWER SINGAPORE TRADING & MARKETING PTE. LTD.
China National Offshore Oil Corporation is the largest Chinese offshore oil and gas producer, headquartered in Beijing. CNOOC is the parent company of CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. which was established in 2018. The company's natural gas and power generation segment has grown into a significant portion of its mid and downstream operations. CNOOC Gas and Power Singapore Trading & Marketing coordinated the promotion of natural gas infrastructure building and layout optimization, as well as pioneering the LNG business model.
Top Singapore Large Local Enterprises in Utilities Sector
SEMBCORP INDUSTRIES LTD
Repeated Company as per client
DARCO WATER TECHNOLOGIES LIMITED
Incorporated in 1999, Singapore-based Darco Water Technologies manufactures vacuum systems, and also designs and delivers comprehensive engineered solutions for water and wastewater systems for industrial and municipal clients. Product fabrication, assembling, installation, and commissioning are all included in the firm’s specialties. Darco’s systems purify and recycle water for industrial uses, as well as handling industrial effluent. Darco’s solutions are customized and configured to match the unique applications and requirements of the company’s clientele. Darco Water Technologies Limited acquired PV Vacuum Engineering Pte. Ltd. in 2003, further specializing its offering with total vacuum application solutions covering residential, commercial, and industrial sectors.
SINGAPORE POWER LIMITED
Singapore Power Limited, or SP Group, is a government-owned electricity and gas distribution firm. The electricity and gas sections of the Public Utilities Board were corporatized in 1994. Nearly 1.6 million industrial, commercial and residential clients take advantage of its transmission, distribution, and market support services. Singapore Power's networks are amongst the most reliable and cost-effective worldwide. SP Group offers solar energy solutions, microgrids, and cooling and heating systems for commercial districts and residential townships, electric vehicle fast charging, and green digital energy management tools to its clientele in Singapore and the region, in addition to regular utility services.
KEPPEL ELECTRIC PTE LTD
Keppel Electric Pte. Ltd. is a Singapore-based electrical retailer that specializes in powering Singapore's electricity systems. It was founded in 1997. Keppel Electric delivers consistent power to global corporations, small and medium-sized businesses, and government agencies. Since the launch of the Open Electricity Market in April 2018, the company has provided high-quality services to over 150,000 residential clients. In 2021, Keppel Electric introduced its first Green Plan for household consumers to minimize their carbon footprint through energy consumption, in line with Singapore's initiative to move towards a sustainable future.
SENOKO ENERGY PTE. LTD.
Since 1977, Singapore-based Senoko Energy Pte. Ltd. has supplied energy islandwide. Specializing in power production and energy solutions, the firm has grown its portfolio to include natural gas, urban energy solutions, tank leasing, terminal services, and electricity supply. Senoko Power Station, one of Singapore's largest and most efficient power-producing plants, has a permitted capacity of 3,300 megawatts (MW) and serves around 20% of the country's electricity demand. Senoko Power Station was purchased by Marubeni, a Japanese trading business, in 2008. Senoko Energy now operates the facility entirely.
PAVILION ENERGY PTE. LTD.
Established in Singapore in 2012, Pavilion Energy Pte. Ltd. is a wholly-owned subsidiary of Temasek. Its global energy business involves natural gas supply and marketing activities in South-East Asia and Europe, as well as global LNG trading, shipping and optimization, and energy hedging and financial solutions. In 2013, Gas Shipper and Gas Retailer Licences were granted to the firm for the transportation and sale of gas to clients in Singapore. Pavilion Energy has also been a trailblazer in the LNG value chain, establishing LNG bunkering for the maritime industry, and supporting the reduction of greenhouse gas emissions and carbon offsets.
SERAYA ENERGY PTE LTD
Since 2001, Seraya Energy Pte. Ltd. has been a licensed power retailer in Singapore. The parent firm of Seraya Energy is YTL PowerSeraya Pte. Limited, which is one of Singapore's first and largest energy generators, with a licensed producing capacity of 3,100 MW. Seraya Energy not only serves commercial and industrial customers but also caters to households, and small and medium enterprises through its retail energy brand, Geneco. In March 2022, this brand not only celebrated its fourth anniversary but also reached a key milestone by having over 150,000 homes choose Geneco as their preferred electricity provider.
TUAS POWER LTD
Tuas Power, one of the three major players in Singapore's electricity industry, was incorporated in 1995. Tuas Power Group of Companies includes Tuas Power Generation, Tuas Power Supply, TP Utilities, TPGS Green Energy, a joint venture with Pavilion Gas Pte Ltd, and TP Asset Management. Tuas Power Generation contributes about 20% of Singapore’s total power supply through its five highly efficient combined cycle plants and 600MW steam plant, as well as offers retail energy services to a wide spectrum of industries including Retail, Food & Beverage, Hospitality and Manufacturing through its subsidiary, Tuas Power Supply. Tuas Power, asides from ensuring that its own operations are environmentally responsible, also offers business solutions that help clients minimise their carbon footprint. TP Utilities manages the Tembusu Multi Utilities Complex and Waste-to-Resource Plant, while TPGS Green Energy helps clients implement the Cogeneration or Trigeneration technology. In 2008, Tuas Power, originally a Temasek Holdings subsidiary, was acquired by China Huaneng Group.
MEMIONTEC HOLDINGS LTD.
Repeated Company as per client
UNION GAS HOLDINGS LIMITED
Repeated Company as per client
Top Singapore SMEs in Utilities Sector
ECOSOFTT PTE. LTD.
The Singaporean decentralized water management company ECOSOFTT Pte. Ltd. was incorporated in 2012. The firm specializes in providing wastewater and environmental services through its award-winning platform Water WISE Buildings and Industries. This platform offers sustainable technology and solutions for the following services: harvesting rainwater, treatment of drinking water, conservation of rivers and lakes, and recycling wastewater. ECOSOFTT also works towards enhancing livelihoods in underserved communities. Its SOUL (Solutions for Underprivileged Lives) program is an initiative that aims to provide clean water, wastewater recycling and reusing, basic sanitation, and enhanced livelihood possibilities to underserved and marginalized areas.
NEW TSINGYI PTE. LTD.
Established in 2009, Singapore-based New Tsingyi Pte. Ltd. provides a one-stop solution to its clients and suppliers for ferrous and non-ferrous scrap metal. The company processes thousands of tonnes of scrap material annually and has also included demolition, dismantling, and destruction to its list of services. In its effort to reduce environmental impact by recycling metal waste, New Tsingyi collaborates with a variety of vendors, including walk-ins, recycling centres, and scrapyards, as well as clients, including exporters, end-users, and international markets.
SINGAPORE LNG CORPORATION PTE. LTD.
Singapore LNG Corporation Pte. Ltd. has played a vital role in the development of LNG-related firms in Singapore since 2009. SLNG - being the owner, developer, and operator of Singapore's and Asia's first open-access, multi-user LNG terminal - plays a critical role in ensuring Singapore's energy security. The SLNG Terminal enables the country to import natural gas from almost any place worldwide. More than just an LNG terminal operator, SLNG is helping Singapore develop an LNG strategy at the national level. With important partners and stakeholders in Singapore and abroad, SLNG Corporation actively promotes the development of a robust LNG ecosystem.
DIAMOND ELECTRIC PTE. LTD.
With a retail licence issued by the Energy Market Authority, Diamond Electric Pte. Ltd. has been retailing electricity since 2006. As a Singapore-based smart energy solutions provider, Diamond Electric specializes in technology to make electricity affordable and accessible to all Singaporean homes and businesses. The firm is committed to providing the utmost value to customers through its electricity plans and services. Sponsored by its valued partner, SP-LNF, an authorized representative of AIA Singapore Private Limited, Diamond Electric offers insurance coverage to its clients with its electricity plans.
ELMS INDUSTRIAL PTE LTD
Elms Industrial Pte. Ltd. is a material management and recycling company that specializes in the treatment, processing, and recycling of electronic waste. Elms handles a wide range of materials and products, including scrap components, production rejects, and used IC trays. Customers who generate electronic scrap have had a one-stop electronic scrap removal and treatment service from the Singaporean company since 1994. It has a strong presence in Asia and is well-equipped to receive resources from around the world. Elms Industrial is ISO 9001:2000 and ISO 14001 certified, ensuring that its customers' requirements for quality and environmental management are met.
REZECA RENEWABLES PTE. LTD.
Rezeca Renewables Pte. Ltd. is a Singapore-based renewable energy and energy efficiency startup, which was established in 2009. Rezeca designs and executes feasible and proven renewable energy solutions - derived from its experience in solar energy - for the long-term benefit of its clients and the environment. Rezeca has installed and commissioned grid-tied solar power systems on more than 300 rooftops islandwide. Other than Singapore, the firm also provides services in Thailand. As an REC certified installer, the company can provide all REC solar panels with a 25-year comprehensive product and power warranty.
TAN SOON HUAH GAS SUPPLY PTE. LTD.
Singapore-based Tan Soon Huah Gas Supply Pte. Ltd., or TSH, has supplied environmentally-friendly fuel products to customers islandwide since 1976. TSH's whole LPG installation and systems are built by Singapore's fire safety laws. To guarantee that safety is not compromised, the company's LPG installation includes pressure regulators, pressure relief valves, over-pressure devices, emergency shut-off valves, and fire extinguishers. All LPG installations are maintained regularly by the company. TSH also provides public and product liability insurance to all of its clients. TSH is BizStar and ISO 45001:2018 certified.
TUFFCHEM ENVIRONMENTAL SERVICES PTE. LTD.
TuffChem Environmental Services Pte. Ltd., based in Singapore, was founded in 1991 with management training consulting, and oil and gas product trading as its main focus. The company expanded into industrial cleaning services, focusing on upstream and downstream oil and gas, as well as the power industry. TuffChem went on to design and manufacture specialized chemicals later. Moreover, the organization is a leader in the use of clean processes, including environmentally-friendly chemicals and technology that reduces waste, which are safe to use. Tuffchem also has offices in the UAE and Malaysia.
INCON GREEN SINGAPORE PTE. LTD.
Incorporated in Singapore in 2016, Incon Green Singapore Pte. Ltd. is a startup that encourages locals to recycle to save the environment. Incon Green provides on-site waste collection services. It has attained the exclusive distributorship as the operator of all Reverse Vending Machines in Singapore. This installation of RVMs at convenient locations has brought convenience to the public islandwide. Locals are encouraged to recycle their waste and get rewards and incentives. Incon Green has obtained the authorization for the 3M N95 mask.
HOCK CHUAN HONG WASTE MANAGEMENT PTE LTD
Since 1973, Singapore-based Hock Chuan Hong Waste Management Pte. Ltd. (HCH) has specialized in offering efficient construction waste management solutions to its clients to ensure that construction trash is managed in an environmentally-friendly manner. The firm offers comprehensive construction and industrial trash collection services, which include collection, sorting, and recycling, as well as the trade of precast concrete products made from recycled aggregates. HCH has been approved by the NEA as a General Waste Collector, and it is a BCA Registered Contractor for MW02 and CRO3, to perform services such as housekeeping, cleaning, desilting and conservation, as well as demolition work.
Top 10 Fastest-Growing Utilities Sector Companies in Singapore
HOCK CHUAN HONG CORPORATION PTE. LTD.
Hock Chuan Hong Corporation Pte. Ltd. (HCHC) is a Singapore-based waste management services provider since 2009. Handling industrial waste, oily waste, and marine waste are all part of HCHC’s services. HCHC is an NEA-approved environmental company in Singapore. As a specialist in handling waste oil collection efficiently, legally, and in an environmentally sustainable manner, with collection coverage islandwide, the company's clients, who belong to various industrial sectors, can receive hassle-free waste oil management solutions. HCHC has a robust logistics and transportation fleet that allows it to provide quick and effective trash transfer to its facilities.
BLUE PLANET ENVIRONMENTAL SOLUTIONS PTE. LTD.
Repeated Company as per client
VPOWER HOLDINGS (SINGAPORE) PTE. LIMITED
Incorporated in Singapore in 2014, VPower Holdings (Singapore) Pte. Limited is a system integrator. System integration, or SI, and investing, building, and operating, or IBO, are two complementary and interconnected business divisions handled by VPower Holdings in Singapore under its Hong Kong-based parent firm VPower Group. Through its SI business, the firm has been designing, integrating, and distributing high-speed gas- and diesel-fired engine-based generator sets and power generation systems. Meanwhile, through its IBO business, VPower Holdings concentrates on utility-grade DPG projects. For clients with semi-permanent energy needs, the firm also operates and rents DPG stations.
TERRENUS ENERGY PTE. LTD.
Terrenus Energy Pte. Ltd. is a Singapore-based developer and distributor of renewable energy systems and solutions, since 2016. Driven by the global movement to combat climate change and the support of government and business partners, Terrenus Energy has successfully brought new green projects and technologies to life, by starting with the nation’s first utility-scale solar farm in 2019. Terrenus Energy is now known for its solar programs for small, medium, and large enterprises. More intriguing projects are in the works, including the world's first IoT-programmed powerplant that integrates solar, wind, tidal, and wave energy generation, as well as Singapore's largest ground-mounted solar farm.
UNION GAS HOLDINGS LIMITED
Established in Singapore in 1974, Union Gas Holdings is well recognised for being one of the leading suppliers of bottled LPG cylinders to domestic households, under the established and trusted brands Union Gas and SUNGAS. The company has three main businesses - Liquefied Petroleum Gas (LPG), Natural Gas, and Diesel. It has expanded its distribution network through its partnerships with Semgas Supply and other small-time LPG dealers. Using 200 vehicles, Union Gas Holdings manages one of the largest bottled LPG delivery fleets across Singapore, and sells and distributes compressed natural gas and diesel to retail customers at its own fuel station. It is recognised for winning numerous accolades which include being ranked on The Strait Times’ list of Singapore’s Fastest Growing Companies 2021, Forbes’ Top 200 Listed Companies in Asia-Pacific, Most Transparent Company Award, and the Singapore SME 1000 Award. The company received ISO 45001 for Distribution and Retailing of Diesel and LPG, and Retailing of CNG, as well as a bizSAFE Star in 2019.
PAVILION ENERGY PTE. LTD.
Established in Singapore in 2012, Pavilion Energy Pte. Ltd. is a wholly-owned subsidiary of Temasek. Its global energy business involves natural gas supply and marketing activities in South-East Asia and Europe, as well as global LNG trading, shipping and optimization, and energy hedging and financial solutions. In 2013, Gas Shipper and Gas Retailer Licences were granted to the firm for the transportation and sale of gas to clients in Singapore. Pavilion Energy has also been a trailblazer in the LNG value chain, establishing LNG bunkering for the maritime industry, and supporting the reduction of greenhouse gas emissions and carbon offsets.
CNOOC GAS AND POWER SINGAPORE TRADING & MARKETING PTE. LTD.
China National Offshore Oil Corporation is the largest Chinese offshore oil and gas producer, headquartered in Beijing. CNOOC is the parent company of CNOOC Gas and Power Singapore Trading & Marketing Pte. Ltd. which was established in 2018. The company's natural gas and power generation segment has grown into a significant portion of its mid and downstream operations. CNOOC Gas and Power Singapore Trading & Marketing coordinated the promotion of natural gas infrastructure building and layout optimization, as well as pioneering the LNG business model.
MEMIONTEC HOLDINGS LTD.
Repeated Company as per client - (see LLEs no.9)
DIAMOND ELECTRIC PTE. LTD.
With a retail licence issued by the Energy Market Authority, Diamond Electric Pte. Ltd. has been retailing electricity since 2006. As a Singapore-based smart energy solutions provider, Diamond Electric specializes in technology to make electricity affordable and accessible to all Singaporean homes and businesses. The firm is committed to providing the utmost value to customers through its electricity plans and services. Sponsored by its valued partner, SP-LNF, an authorized representative of AIA Singapore Private Limited, Diamond Electric offers insurance coverage to its clients with its electricity plans.
ORGANO (SINGAPORE) PTE LTD
Repeated Company as per client
