Singapore energy report
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 2018 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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Abstract
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.
The Energy Market Authority(EMA) regulates the electricity and gas sectors.
Energy Companies
Oil:
Although Singapore does not produce any oil domestically, certain 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.
Energy Supply
Oil:
In spite of the absence of oil resources, Singapore is a major oil hub in Asia. It is the world's third largest oil products trading place. Thanks to its geographical position, at the extremity of the Strait of Malacca and on the shipping routes connecting the Middle Eastern producing countries to the Southeast Asian importing countries, Singapore is a key crossing point for oil trade.
Energy Prices
Electricity:
The prices of electricity in the residential and industrial sectors are US$18.5c/kWh and US$16.4c/kWh, respectively (2019).
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)
Energy Consumption
Total energy consumption per capita is about 5.9 toe (2018), including 8 900 kWh of electricity in 2018.
Oil has a dominant share in the country's total energy consumption, with 64% in 2018. However, its share has fallen due to the increased demand for gas (from 6% in 2000 to 32% in 2018). Biomass and coal have shares of 2% and 1%, respectively.
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.
- GENERAL OVERVIEW
- INSTITUTIONS AND ENERGY POLICY
- ENERGY COMPANIES
- ENERGY SUPPLY
- ENERGY PRICES
- ENERGY CONSUMPTION
- ISSUES AND PROSPECTS
- DATA TABLES
- ABBREVIATIONS
- GLOSSARY
Below is a list of the Singapore energy market report graphs:
- GRAPH 1: CO2-energy Emissions (MtCO2)
- GRAPH 2: Installed electric capacity by source (2018, %)
- GRAPH 3: Gross power production by source (TWh)
- GRAPH 4: Power generation by source (2018, %)
- GRAPH 5: Gasoline & diesel prices (US$/l)
- GRAPH 6: Electricity prices for industry and households (US$c/kWh)
- GRAPH 7: Gas prices for industry and households (US$c/kWh GCV)
- GRAPH 8: Consumption Trends by energy source (Mtoe)
- GRAPH 9: Total consumption market share by energy (2018, %)
- GRAPH 10: Final consumption market share by sector (2018, %)
In the Singapore energy market report you will find the following tables:
- 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 2018 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).
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