Natural gas industry in Singapore - statistics & facts
Natural gas is a key energy source for power generation in Singapore. The country's total power generation capacity stood at about 12.9 thousand megawatts as of the second quarter of 2023, with more than 94 percent of that power generated from natural gas. Over the past few decades, the country has significantly reduced its carbon emissions by increasing the share of natural gas in its electricity generation mix, which reached only 19 percent in 2000. Since the country has no indigenous gas reserves, it relies on imports through pipelines from Indonesia and Malaysia, as well as liquefied natural gas (LNG) from around the world.
Liquefied natural gas is a form of natural gas that can be transported more easily by ship than by pipeline and can be imported from around the world. Singapore's only LNG terminal, owned by the state-owned Singapore LNG Corporation (SLNG), is located on Jurong Island. In 2018, a fourth LNG storage tank and additional regasification facilities were completed, bringing the terminal's send-out capacity to approximately 11 million tons per year. With the growing demand for LNG in Asia, Singapore aims to become a regional hub and has created an index for spot pricing of LNG.
Singapore's natural gas imports
Among the 12.3 billion cubic meters of natural gas consumed in the country, about four billion cubic meters came from LNG imports, and about six billion cubic meters were imported via pipelines from Indonesia and Malaysia. LNG was mainly imported from Australia, and Qatar. Prior to the onset of LNG imports in 2013, the entire supply of gas was imported via pipelines. Singapore started importing liquefied natural gas in May 2013 to diversify and secure its energy sources. The government has appointed ExxonMobil LNG Asia Pacific, Sembcorp Fuels, Pavilion Energy Singapore, and Shell Eastern Trading as forward importers to import and sell LNG in Singapore.Liquefied natural gas is a form of natural gas that can be transported more easily by ship than by pipeline and can be imported from around the world. Singapore's only LNG terminal, owned by the state-owned Singapore LNG Corporation (SLNG), is located on Jurong Island. In 2018, a fourth LNG storage tank and additional regasification facilities were completed, bringing the terminal's send-out capacity to approximately 11 million tons per year. With the growing demand for LNG in Asia, Singapore aims to become a regional hub and has created an index for spot pricing of LNG.
