On 24 October 2023, the initial findings from the first phase of the joint Feasibility Study on Regional Energy Connectivity (“Study“) were announced in a Joint Ministerial Statement by the Ministry of Trade and Industry (“MTI“), Energy Market Authority of Singapore (“EMA“), and the United States (“US“) Department of Energy (“DOE“).
The proposal to conduct the Study was first announced on 14 July 2022, at the sidelines of the US-Southeast Asia Clean Energy Roundtable in Singapore, to further both countries’ energy collaborations, including the US-Singapore Climate Partnership. Under the Study, Singapore and the US will assess the benefits, technical feasibility, and economic viability of developing a regional power grid network comprising land-based interconnections and subsea cables in Southeast Asia. The Study is part of the Net Zero World Initiative, a US flagship program launched in 2021 for partner countries such as Singapore to tap on the US government and DOE’s national laboratories to develop highly tailored, actionable technology road maps, and investment strategies.
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