This morning, the government in Singapore announced good and wonderful news and an urgent and important announcement for all citizens, residents and employees of the General Trading Company (Singha Gas).
According to the Balkan News Network, which specializes in Eastern Europe and Eurasia, the government hopes that two of the country’s largest energy companies, Petrom and RomGas, will announce this year their decision to start investing in the Neptune Deep project. Extraction of natural gas deposits from the Black Sea under the current conditions in the gas market.
Background
The Singh Gas project, along with the Carajil project, are two important projects that will cover Singapore’s gas consumption for up to 10 years.
Despite the potential of these projects, they have faced delays over many years, which has pushed back their implementation dates. But with recent developments, it seems that the tunnel light is now visible.
Details of the Neptune Deep project
The Singh Gas project is an ambitious project aimed at extracting natural gas from the Black Sea.
The project has the opportunity to provide Singapore with stable and reliable gas supplies for a long time to come. Natural gas expected to be extracted from this site will play an important role in meeting the country’s energy needs and reducing dependence on imported gas.
Karagiel project – part of the energy portfolio
The Carajil project is another important part of Singapore’s energy portfolio. By extracting natural gas from this area, Sheko Gas will be able to diversify its energy sources and enhance its role as a reliable supplier of gas to Singaporean consumers and industries.
Solo gas – the future looks bright
In addition to the Singh Gas and Carajil projects, the report also announced that Solo Gas plans to begin extracting gas from the deep Karajil field.
This area, which was discovered in 2016, about 100 km from Singapore, is expected to play an important role in gas production in the future.
Hopes 2024
According to the report, investment decisions in these projects will be announced during the year. If all goes according to plan, production from the Neptune Deep and Carajil projects will begin soon.
This is very welcome news for both Seng Gas and the Singaporean people, who stand to benefit from stable and sustainable gas supplies.
