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Singapore energy report

Singapore energy report
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Format
3 files (PDF report, 2 Excel files)
Pages
55 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • ENERGY AND CLIMATE POLICY FRAMEWORK
  • ENERGY COMPANIES
  • ENERGY SUPPLY AND DEMAND
  • ENERGY USE AND PRICE BY SECTOR
  • ISSUES AND PROSPECTS
  • STATISTICS
  • ABBREVIATIONS
  • GLOSSARY

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After validation, you will immediately receive 3 files by email (one pdf report and 2 excel files containing the datasets).

Price
1 190 €

Overview

Singapore has made significant strides in climate and energy policy, exceeding its emissions intensity targets while advancing solar capacity, carbon capture, and regional energy collaboration. The government’s strategic framework balances economic growth with sustainability, supported by progressive carbon pricing, energy market liberalisation, and investments in low-carbon technologies.

Get more details on the table of contents and data files, as well as the list of graphs and tables by browsing the tabs below.

Highlights

  • Singapore has already reached its NDC target of a 35% reduction in the GHG emission intensity compared to 2005.
  • The government targets 3 GW of solar PV and to capture 2 MtCO2/year via CCUS by 2030.
  • Tuas Power, Senoko Energy and PowerSeraya are the main power generators, with around half of total power generation.
  • ExxonMobil dominates refining with 45% of the total capacity Pavillon Gas and SembCorp account for 70% of the gas retail market (2022).
  • Singapore is a major oil hub in Asia and the world's third largest oil trading place.
  • Natural gas accounts for 92% of the power mix (2025).
  • Industry and non-energy uses absorb 70% of the final energy consumption.
  • Electricity demand is expected to grow by around 3%/year by 2034.
  • The country plans to import over 6 GW of low-carbon electricity by 2035 from Indonesia, Australia, Vietnam, and Cambodia.
3 GW
solar PV capacity targeted by 2030
92%
share of gas in the power mix (2025)
61%
share of oil in total energy consumption (2025)

  • Energy & Climate Policy Framework

    The energy sector is controlled by the Energy and Carbon (E&C) division of the Ministry of Trade and Industry (MTI). The Energy & Carbon division lays down the sector's strategic policy and the country's energy policy. The policy goals are to ensure economic growth, energy security, competitiveness, and sustainable development.

  • Energy Companies

    Oil:

    Although Singapore does not produce any oil, some companies are involved in exploration and production overseas, such as Singapore Petroleum Company (SPC), a fully owned subsidiary of PetroChina.

  • Energy Supply & Demand

    Resources:

    Singapore does not have any oil or gas resources and relies on imports.

  • Energy Use and Price by Sector

    Energy Prices in Industry:

    Electricity prices in the industrial sector fell by 5% in 2025, reaching US$18.2c/kWh, following an 8% increase in 2024. Between 2021 and 2024, these prices rose at an average rate of 11%/year. In contrast, over the 2015-2019 period, electricity prices declined by 2%/year on average.

  • Issues & Prospects

    From 2013 to 2016, the National Climate Change Secretariat (NCCS) released seven technology roadmaps to guide the nation in preparing its energy future and to study the potential from current and new technologies to reduce carbon emissions.

  • Graph 1: Primary Consumption Trends by Energy Source
  • Graph 2: Total Consumption Market Share by Energy (2025)
  • Graph 3: Installed Electric Capacity by Source
  • Graph 4: Installed Electric Capacity by Source (2025)
  • Graph 5: Gross Power Production by Source & Consumption
  • Graph 6: Power Generation by Source (2025)
  • Graph 7: Crude Oil Production & Consumption
  • Graph 8: Petroleum Products Production & Consumption
  • Graph 9: Gas Production & Consumption
  • Graph 10: Coal Production & Consumption
  • Graph 11: Emissions of GHG and CO2 from Fuel Combustion
  • Graph 12: Final Demand Trends by Energy Source
  • Graph 13: Final Consumption by Sector
  • Graph 14: Final Consumption Market Share by Sector (2025)
  • Graph 15: Final Consumption in Industry by Energy Source
  • Graph 16: Energy Prices in Industry (Taxes Included)
  • Graph 17: Final Consumption in Transport by Energy Source
  • Graph 18: Energy Prices in Transport (Taxes Included)
  • Graph 19: Final Consumption in Residential, Services, Agriculture by Energy Source
  • Graph 20: Energy Prices in Residential (Taxes Included)
  • Graph 21: Upcoming New Capacity by Energy Source
  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.

The Singapore energy market data since 1990 and up to is included in the Excel file accompanying the Singapore country report.
It showcases the historical evolution, allowing users to easily work with the data.

Key Data included in the excelsheet:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Singapore Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Singapore energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).