(Bloomberg) -- Singapore will see a short-term increase in liquefied natural gas demand, due in part to the AI boom that’s driving data center growth...
-- Singapore will see a short-term increase in liquefied natural gas demand, due in part to the AI boom that’s driving data center growth, according to the country’s state-owned importer of the fuel.The digital world “is a huge call on energy,” said Singapore LNG Corp. Chief Executive Officer Leong Wei Hung . The surge in demand is a “boon for energy,” but there’s also a flip side “in the sense that you can’t build infrastructure fast enough,” he said in an interview late Thursday.
Singapore LNG was formed in 2009 by the country’s Energy Market Authority to develop and operate the city-state’s only LNG import terminal. A second terminal “to meet the expected demand,” is set to come online by the end of the decade, Leong said.
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