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Invest in renewable energy, but invest in oil and gas too: Singapore GasCo CEO

Jovi Ho
Jovi Ho • 5 min read
Invest in renewable energy, but invest in oil and gas too: Singapore GasCo CEO
Alan Heng, CEO of Singapore GasCo (middle), says: “At some point, whatever fields you have today [will] decline, and unless more investments are put into it, there will not be a replacement for the current supply.” Photo: SIEW
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As a percentage of total energy supply, clean energy supply has hovered around 12.5% for the past 15 years. Despite massive growth in solar energy, it has hardly made a dent, says Alan Heng, CEO of Singapore GasCo.

“One of the reasons is because humankind has always been better at finding use for energy than ways to make more energy. Now, that is going to continue,” says the chief of Singapore’s three-month-old government-owned central gas company.

Speaking on a panel at SIEWConnects@OCBC on Aug 22, Heng points to a “digital future” with greater use of artificial intelligence, autonomous vehicles and robotics — happening alongside Asia’s growth in income and its middle class.

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