solar PV capacity targeted by 2030
This analysis includes a comprehensive Singapore energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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solar PV capacity targeted by 2030
share of gas in the power mix (2020)
share of oil in total energy consumption (2020)
Institutions & Energy Policy
The energy sector is controlled by the Energy Division (ED) of the Ministry of Trade and Industry. The Energy 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.
Although Singapore does not produce any oil domestically, some companies are involved in exploration and production overseas. This includes Singapore Petroleum Company (SPC), a fully owned subsidiary of PetroChina and Kris Energy, with production and exploration permits in five countries.
Singapore imports natural gas through three gas pipes and one LNG regasification terminal. One 4 km cross-border gas pipe links the country to Malaysia. The second pipeline is the 654 km West Natuna Transportation System pipe, which connects the gas fields of West Natuna in Indonesia to the industrial area of Jurong Island.
The price of premium gasoline (US$1.42/l in 2020) and that of diesel (US$1.14/l) follow international prices (2020). The price of gasoline and diesel are much higher than in Malaysia (around three times for gasoline and twice for diesel in 2020). Compared to Thailand, these prices are around 25% more expensive.
Graph: GASOLINE & DIESEL PRICES (US$/l)
Total energy consumption per capita is about 5.8 toe (2020), including 8 900 kWh of electricity in 2020.
Total energy consumption increased rapidly from 2010 to 2017 (5.8/year) and has decreased since then (-1.9%/year), reaching 33.1 TWh in 2020.
Issues & Prospects
In 2014, the National Climate Change Secretariat (NCCS) released five technology roadmaps to guide the nation in preparing its energy future. The five roadmaps are - Solar Photovoltaic, Carbon Capture and Storage, Green Data Centre, Building Energy Efficiency, and Industrial Energy Efficiency.
Below is a list of the Singapore energy market report graphs:
In the Singapore energy market report you will find the following tables:
The Singapore energy market data since 1990 and up to 2020 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:
The Singapore country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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