Singapore Turns to Nuclear Power Amid Energy Crisis

Singapore is facing an urgent energy crisis as global oil and gas prices surge due to the conflict in Iran. The densely populated island nation relies heavily on imported fuel, with 65% of its energy mix coming from oil and gas. When the Strait of Hormuz closed earlier this year, Singapore was left vulnerable, highlighting its dependence on foreign energy sources. Prime Minister Lawrence Wong emphasized the need for a diversified and forward-looking energy strategy, stating there is no single solution to the country's energy challenges.

In response, Singapore is exploring nuclear power as a potential solution. Next year, the International Atomic Energy Agency will assess whether Singapore is ready to produce nuclear energy, a decision that could shape the country's future energy portfolio. The government has also expressed interest in nuclear fusion, aiming to become a key player in the global fusion supply chain. Minister for Trade and Industry Tan See Leng noted Singapore's expertise in precision engineering and advanced manufacturing as assets in this emerging sector.

While the government is keeping its options open, it has not yet decided on adopting or deploying nuclear energy. The Ministry of Sustainability and the Environment described the upcoming assessment as a crucial milestone in Singapore's nuclear capability-building journey. As the country seeks to reduce its reliance on imported energy, nuclear power and fusion technology represent promising, though challenging, pathways forward.