Singapore Is Procuring More LNG as Iran War Cuts Some Supply

Singapore is getting additional liquefied natural gas from outside of the Middle East, as the war in Iran chokes supply from the region, according to a government body.

Singapore GasCo Pte, a state-owned entity that was established last year, is making the purchases as “some LNG shipments from the Middle East have been affected by the ongoing conflict,” the Energy Market Authority said in an emailed response to Bloomberg.