This Act creates a competitive market framework for the gas industry, and makes provision for the safety, technical and economic regulation of the transportation and retail of gas. It specifies that the EMA is to promote the efficient use of gas by consumers and to ensure that gas licensees whose prices are controlled by the EMA are able to provide an efficient, financially viable service.
 
 Along with the Electricity Act, Public Utilities Act and the Energy Market Authority of Singapore Act, the Gas Act was passed to restructure and liberalise the energy sector. The Gas Act makes provisions to open up gas importation and distribution to full competition via licensing.