Singapore?s overall gas supplies remain sufficient. Earlier this year, EMA appointed two new term LNG importers, on top of the existing two, to provide gas users in Singapore with more options to procure the gas they require. Nevertheless, given the developments in the global energy sector, EMA is working with industry stakeholders on three pre-emptive measures to further secure our fuel and electricity supply:  First, we will establish standby fuel facilities which gencos can draw upon if needed to generate electricity. We are working closely with all gencos to track their fuel supply levels and generating capacity, and will provide the standby fuel to them if gas supplies are affected or there is a need to ensure reliable electricity supply to consumers in Singapore. Second, to complement the standby fuel facilities, EMA has informed gencos to contract sufficient fuel to at least meet the demands of customers of their retail arms. To help gencos who have not contracted enough gas, EMA has informed gencos which are looking to sell their excess natural gas supply to provide other gencos and EMA with the first right of refusal, before they can divert or onsell the excess gas to other parties. Third, EMA has been working with gencos and will direct them to generate electricity using fuel from the standby facilities if needed to maintain system stability. EMA is monitoring the Singapore Wholesale Electricity Market closely and will intervene if necessary. The three measures are necessary to pre-empt energy security risks due in part to high and volatile gas prices. EMA will review the market conditions and other factors in order to determine whether to maintain this measure after 31 March 2022.