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Cross-country drive on 2 gallons of gas
SINGAPORE, Nov. 12 (UPI) -- Singapore plans to increase growth in its energy sector.
Trade and Industry Minister Lim Hng Kiang explained plans Monday to increase the country's energy industry to $23.4 billion by 2015, up 70 percent from current levels.
Kiang also said they want to triple industry employment from 5,700 jobs to 15,300 by 2015.
The national energy policy framework, designed to help the country deal with surging oil prices, contains six points.
"There's very little we can do to affect worldwide demand or supply. What Singapore can do is to work harder at energy efficiency and consumption. This won't take place overnight, but this is the best strategy going forward," Kiang said.
The six points include: creating a competitive market, diversifying Singapore's energy supplies, improving energy efficiency, pursuing opportunities in clean energy, stepping up international cooperation and getting various government agencies within Singapore to work together.
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