The Business Times · 26 Oct, 01:25 · Business briefing

Singapore faces energy risks with ‘resource nationalism’ that undermines contracts: Tan See Leng

Singapore faces significant energy security risks due to rising 'resource nationalism' globally, which threatens the stability of existing supply contracts.

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The briefing

The story
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Singapore faces significant energy security risks due to rising 'resource nationalism' globally, which threatens the stability of existing supply contracts. Tan See Leng, a prominent industry figure, warns that this trend undermines contractual agreements essential for the nation’s energy infrastructure. The report highlights how geopolitical shifts and nationalistic policies in resource-rich countries are creating volatility in energy markets. For Singapore, a nation heavily reliant on imports, this poses a direct challenge to maintaining consistent power supply and managing costs. The situation underscores the fragility of global energy dependencies and the urgent need for diversified strategies to mitigate these emerging contractual and supply chain vulnerabilities.

Employer demand for Risk Management Strategies skills — indexed growth since 2019
Indicative index of skill mentions in professional job postings for the field this story moves (2019 = 1)

Your move

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You must adapt to a volatile energy landscape where traditional contracts are no longer guaranteed. Professionals in energy, law, and strategic planning should prioritise skills in risk mitigation and contract negotiation. Focus on understanding geopolitical impacts on supply chains and develop expertise in alternative energy sourcing. You should enhance your ability to assess regulatory changes and draft resilient agreements. Smart professionals will upskill in crisis management and international trade law to navigate these uncertainties. Consider specialising in energy policy analysis or sustainable resource management. By mastering these areas, you position yourself as a critical asset in organisations seeking to secure their energy futures against nationalist disruptions. Stay informed on global policy shifts and proactively integrate risk assessment into your daily decision-making processes.

For this story, the fields that convert it into pay are Risk Management Strategies, Compliance And Governance, Law and Crisis Management — exactly the programmes matched below. The chart shows the indicative salary uplift certified professionals report in each of those fields; every one of them is a click away, from £79, finishing in as few as 20 days.

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