Economic uncertainty and contractual risks can be harmed by nations that prioritize national interests during energy crises, increasing investment risks and deterring energy sector investments, with long-term negative implications. Singapore has faced similar interruptions in the past without incidents due to measures invested in and infrastructure built over many years. Dr.

Tan emphasized that the central buyer of Singapore's gas, Singapore GasCo, has launched an initial offer to buy more than 2028 gas, and it is just starting to negotiate its first contracts. The company itself is also discussing with Thailand's energy company PTT to optimize liquefied gas delivery. A key point is the establishment of an agreement for the conservation of Saudi Arabian oil under ground in the Judea Island from the second half of 2027.

The Saudi Arabian oil giant Aramco will sign a convention with the Economy Authority and industrial contractor JTC later on Sunday and propose to conclude the dealers within a few months. This action improves the Saudi Arabia crude oil supply chain resilience in the eastern regions and contributes to Singapore's energy security even in case of provisional measures' interruption. This approach is proposed while Saudi Arabia has had to face attacks against its energy infrastructure and airport structures.

However, Singapore's strategy remains focused on ensuring stability and growth of options while extending its international agreements. The country continues to emphasize the importance of accountability in the evaluation of supply measures, ensuring that suppliers respect the conditions set by GasCo. The two parties intend to find a way to deposit Saudi Arabian oil under ground on Jurong Island, with the aim of improving the flow of Saudi Arabian crude oil in Asia's east and contributing to Singapore's energy security and risk of insufficient supply.

In conclusion, while Singapore aims to maintain multiple lines of defense for energy security, it remains awaiting potential negative long-term implications derived from the trend of 'resource nationalism'. Commercial and investors must rigorously analyze the challenges associated with such strategies and ensure that their investments are aligned with the established contractual conventions to avoid potential interruptions.