SG Gas tariff Hike is Totally Disconnected With International Gas Price

[makapaaa]

Gas tariffs for households to go up from next month
Posted: 27 April 2012 0610 hrs
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SINGAPORE: Gas tariffs for households are set to rise again, with City Gas announcing on Thursday a 3.3-per-cent increase with effect from next month.

The tariff will be increased by 0.71 cent to 22.16 cents per kWh from May to July.

On average, households living in five-room Housing and Development Board flats will see their monthly gas bill increase by 61 cents, while those living in a one-room HDB flat will see their monthly gas bill rise by 35 cents.

The tariff increase for the coming quarter is due to higher fuel prices, said City Gas, adding that the average fuel price over the last three months has increased 9.1 per cent.

Gas tariffs are reviewed quarterly and adjusted in line with the changes in the cost of fuel for gas production. The revised gas tariffs have been approved by the Energy Market Authority.

City Gas last announced an increase in tariff in January. The tariff was raised 1.3 per cent from February to April.

City Gas supplies town gas to almost 90 per cent of residents in new HDB estates and private properties, as well as commercial and industrial operations. - TODAY

http://www.wtrg.com/daily/gasprice.html

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[batman1]

Makes no difference whether gas price go or down,if City Gas one day wake up
N want to increase gas price u lan LAN also hv to pay.everything is up to city gas,they are
A monopoly.

 

[HTOLAS]

I can understand why City Gas has raised its prices - it supplies liquefied petroleum gas, which is a petroleum derived product. Its price is thus tied to the price of petroleum, which at the moment is very high.

What I don't understand is why the price of electricity has gone up given that here, it is generated by liquefied NATURAL gas, which is NOT derivative of petroleum. In fact, LNG prices are at an ALL TIME LOW.

 

[Cestbon]

Gov try to con peasant . Thinking that peasant are stupid cannot fine the world GAS price actually is drop.

 

[Bigfuck]

I can understand why City Gas has raised its prices - it supplies liquefied petroleum gas, which is a petroleum derived product. Its price is thus tied to the price of petroleum, which at the moment is very high.

What I don't understand is why the price of electricity has gone up given that here, it is generated by liquefied NATURAL gas, which is NOT derivative of petroleum. In fact, LNG prices are at an ALL TIME LOW.

CHP and even trigeneration with LNG is calculated and proven to be very cost effective and environmentally friendly in USA and even in quite a few facilities in Japan, not mention EU. Boone Pickens has puts this clearly across.
http://www.ted.com/talks/t_boone_pickens_let_s_transform_energy_with_natural_gas.html
It is totally not so here in Singapore for government coffers and elite salary/bonus reasons. CHP and trigeneration can be implemented on a large scale to make Singapore cost effective, benefiting the manufacturing industry. Singapore is best poised to be a Kalundborg industrial ecology city state. But so long as PAP hires second rated people in intellect and moral fibre like MBT, we will never be at the next level. If the PM dogs are reading this, a search on Kalundborg, trigeneration and quadgeneration(pushing at bit with current technologies and costing), there is a great masturbation project ahead that can be done for the Singapore's fiscal injection in the coming economic crisis. Better than paying lousy Ah Seng contractors that spend time banging mei meis on taxpayer monies with exorbitant quotations and using substandard materials and workers, which we have seend with the Nicoll Highway collapse, the SMRT, firebuses and firetaxis(lol), ponding, and a few other infrastructures soon to fail but I will not mention to keep the suspense. I do not make the timing of when it fails - structural failure follows its own internal time clock subject to weather conditions and other factors.

 

[Char_Azn]

U are looking at US Gas prices, it is different from Indon gas price. Price of gas and Oil is different, Oil prices are globally pretty much unified, Gas prices depend on the regional demand

Check this link instead
http://www.indexmundi.com/commodities/?commodity=indonesian-liquified-natural-gas&months=12

In any case the Gas price is tag to Oil price in SG-Indon deal so the whole point of gas prices is irrelevant

 

[Bigfuck]

http://www.reuters.com/article/2012/01/03/indonesia-lng-idUSL3E8C34M520120103
http://www.naturalgasasia.com/indonesia-weighs-lng-price-review
FYI for bros of the all the storytelling going on. In addition, "LNG is 1/600th the volume of natural gas in the gaseous state and is then condensed into a liquid at close to atmospheric pressure (maximum transport pressure set at around 25 kPa/3.6 psi) by cooling it to approximately −162 °C (−260 °F)." The most full proof way of look at the price is in terms of cost per calorific value.