Singapore Business Review: Singapore gencos’ profits remain under threat as power oversupply looms

1 October 2016: ” An LNG terminal was added in 2013 while Singapore gencos have contracted longterm take-or-pay piped natural gas from Indonesia and Malaysia which will only expire from 2020. Gencos are thus compelled to sell as much electricity as possible to utilise their gas, said MayBank KimEng. Based on market demand forecasts by Wood Mackenzie and Poten & Partners, this oversupply is unlikely to clear before 2018″ To read full article, click here.