Singapore will strengthen its energy security by expanding oil and gas reserves and implementing a five-year infrastructure plan, amidst growing global interest in stable energy supply. This was stated by the country's Minister of Energy, Trade and Industry, Tan See Leng, in his opening speech at the 19th Singapore International Energy Week (SIEW), organized by the Energy Market Authority (EMA).

　 Singapore has agreed with Saudi Arabia on strategic reserves of Saudi Arabian crude oil. The plan is to store Saudi crude oil in an underground storage facility in Singapore known as Jurong Rock Caverns from the second half of 2027. The capacity is said to be up to approximately 9 million barrels, making it the next strategic reserve of Saudi crude oil in Asia after Japan and South Korea. Market sources perceive that this will contribute to the stable energy supply not only for Singapore but also for the Southeast Asian region.

　 As one part of the five-year infrastructure plan, the construction of five new gas-fired power plants is planned by 2031. It is said that this will increase power generation capacity by 26% from current levels. In addition, the five-year plan also includes the expansion of solar power generation, research on nuclear and geothermal power generation, and human resource development for these areas.