SINGAPORE — Singapore's state gas buyer GasCo has secured additional cargoes of liquefied natural gas (LNG) to offset supply shortfalls triggered by the US-Israel war on Iran, and plans to seek long-term supply deals this year, despite market volatility.

The city-state, which relies on gas to generate 95 per cent of its electricity has been importing increasing volumes of LNG, reaching 5.93 million tonnes last year, Kpler data shows, nearly half of it shipped from Qatar.