Singapore gas is going to shift towards buying American.

On 22 October, Indonesia's energy minister raised the possibility of ending gas exports to neighbouring countries asserting that Indonesia is in "survival" mode and must fill home demand first. Singapore's pipeline contracts expire in 2028, putting the equivalent of 1.3 million tonnes of LNG a year at risk and contributing to GasCo's projected 3-million-tonne supply gap. Cheniere is well placed to fill it. Its LNG contracts are linked to US Henry Hub gas prices of around US$3.20 per million British thermal units, while Asian spot LNG trades near US$30, although liquefaction and shipping add to US delivery costs. Its Corpus Christi expansion also lifted annual capacity to roughly 56 million tonnes in August. Cheniere has already signed major Asian supply deals with Taiwan's CPC, and Thailand's PTT. QatarEnergy and Shell's Qatar-origin supply are likely to lose share. Australian sellers are the closest rival, but their oil-linked prices currently look weak with Brent above US$100.