In 2023, natural gas consumption reached a record high in Singapore, with about **** billion cubic meters consumed, a decrease of *** billion cubic meters from the previous year. This value increased steadily over the period measured.

Singapore’s natural gas industry is key for energy generation

Natural gas is a key energy source for power generation in Singapore. Up until 50 years ago, Singapore relied heavily on coal for power generation, but the demand for electricity has since increased due to economic development. Therefore, Singapore decided to switch to natural gas as the main fuel source for power generation. This shift led to an increase in natural gas consumption, which now accounts for about ** percent of the electricity generated in Singapore, up from just ** percent back in 2001, when oil was the preferred fuel.

Singapore natural gas imports 

Singapore's dependence on natural gas imports is significant, as the country requires a steady supply of natural gas to meet its energy needs. Piped natural gas imported from neighboring countries, such as Indonesia and Malaysia, makes up the majority of Singapore's natural gas supply. Despite the dominance of piped natural gas, Singapore is diversifying its sources of natural gas imports. Liquid natural gas (LNG) has emerged as a promising alternative for power generation. In 2013, Singapore launched its first LNG terminal on Jurong Island.

Key information about Singapore Natural Gas: Consumption

• Singapore Natural Gas: Consumption was reported at 1.253 Cub ft/Day bn in Dec 2024
• This records an increase from the previous number of 1.193 Cub ft/Day bn for Dec 2023
• Singapore Natural Gas: Consumption data is updated yearly, averaging 0.841 Cub ft/Day bn from Dec 1992 to 2024, with 33 observations
• The data reached an all-time high of 1.292 Cub ft/Day bn in 2021 and a record low of 0.101 Cub ft/Day bn in 1992
• Singapore Natural Gas: Consumption data remains active status in CEIC and is reported by BP PLC
• The data is categorized under World Trend Plus’s Association: Energy Sector – Table RB.BP.NS: Natural Gas: Consumption

In 2022, approximately ** thousand terajoules of natural gas were consumed by the industry sector of Singapore. This was a slight increase compared to the previous year, when approximately ** thousand terajoules tons of natural gas were consumed.

In 2023, about ** thousand terajoules of natural gas was consumed by the industrial-related sector, followed by the commerce sector and the households. In that same year, the amount of natural gas imported in Singapore amounted to almost ************ metric kilotons of oil equivalent.

Singapore SG: Electricity Production From Natural Gas Sources: % of Total data was reported at 95.029 % in 2015. This records a decrease from the previous number of 95.265 % for 2014. Singapore SG: Electricity Production From Natural Gas Sources: % of Total data is updated yearly, averaging 18.500 % from Dec 1971 (Median) to 2015, with 45 observations. The data reached an all-time high of 95.265 % in 2014 and a record low of 0.000 % in 1991. Singapore SG: Electricity Production From Natural Gas Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Gas refers to natural gas but excludes natural gas liquids.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Electricity production shares may not sum to 100 percent because other sources of generated electricity (such as geothermal, solar, and wind) are not shown. Restricted use: Please contact the International Energy Agency for third-party use of these data.

View yearly updates and historical trends for Singapore Natural Gas Consumption. Source: Energy Institute. Track economic data with YCharts analytics.

In 2022, about **** thousand terajoules of natural gas were consumed by the manufacturing sub-sector in Singapore. This sub-sector dominated the industrial consumption of natural gas, followed by the construction sector, with *** terajoules consumed.

In 2023, approximately **** exajoules of primary energy were consumed in Singapore. Singapore’s total energy demand included an energy mix of coal and peat, petroleum products, natural gas and electricity generation. Singapore’s energy mix While electricity generation and natural gas accounted for about ** and ** percent respectively, petroleum products made up over ** percent of the primary energy consumption in Singapore. Petroleum products are materials derived from oil and mostly converted into several classes of fuel. Singapore’s industry sector is highly dependent on fuel supply, consuming about ** percent of the petroleum products. In 2022, Singapore imported about ****** ktoe (kilotons of oil equivalent) of petroleum products. Singapore’s electricity marketOver ** percent of the electricity was generated from natural gas. The remaining five percent were distributed across renewable sources, petroleum products and coal. The use of renewable sources was limited due to the lack of space in the country. However, Singapore has started to install solar panels on its many high-rise rooftops, to harness the many hours of sunshine to advance solar power generation.

Singapore Total Energy Production: Natural Gas data was reported at 0.000 BTU qn in 2023. This stayed constant from the previous number of 0.000 BTU qn for 2022. Singapore Total Energy Production: Natural Gas data is updated yearly, averaging 0.000 BTU qn from Dec 1980 (Median) to 2023, with 44 observations. The data reached an all-time high of 0.000 BTU qn in 2023 and a record low of 0.000 BTU qn in 2023. Singapore Total Energy Production: Natural Gas data remains active status in CEIC and is reported by U.S. Energy Information Administration. The data is categorized under Global Database’s Singapore – Table SG.EIA.IES: Energy Production and Consumption: Annual.

Singapore SG: Fossil Fuel Energy Consumption: % of Total data was reported at 97.524 % in 2014. This records an increase from the previous number of 97.454 % for 2013. Singapore SG: Fossil Fuel Energy Consumption: % of Total data is updated yearly, averaging 98.951 % from Dec 1971 (Median) to 2014, with 40 observations. The data reached an all-time high of 99.992 % in 1979 and a record low of 97.454 % in 2013. Singapore SG: Fossil Fuel Energy Consumption: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Fossil fuel comprises coal, oil, petroleum, and natural gas products.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

As of June 2024, Singapore produced about **** percent of its electricity from natural gas. Natural gas is the cleanest form of fossil fuel and is therefore used to lower the emissions through power generation in Singapore. Singapore’s energy sector  Up until 50 years ago, Singapore’s power generation relied heavily on coal. However, economic development had led to an increase in the demand for electricity. Current challenges such as climate change and digitalization, which will further increase the need for electricity, has led to the decision to switch mainly to natural gas and renewable power sources. Unsurprisingly, this resulted in a rise in natural gas consumption, reaching about **** billion cubic meters in 2023. Due to a lack of land, renewable power sources are limited. Currently, Singapore is trying to expand its solar power generation. As of 2022, Singapore’s solar energy capacity reached about ***** megawatts.    The future of Singapore’s electricity consumption To further improve its electricity generation, the government has decided to slowly liberalize the energy market. The variety of providers was intended to help households and companies to take a closer look at their consumption and to be able to manage it better. The government has also started to provide more information on the subject and is trying to further improve the efficiency of the power generation system. 

Singapore SG: Electricity Production From Oil: Gas And Coal Sources: % of Total data was reported at 97.062 % in 2014. This records a decrease from the previous number of 97.136 % for 2013. Singapore SG: Electricity Production From Oil: Gas And Coal Sources: % of Total data is updated yearly, averaging 98.307 % from Dec 1971 (Median) to 2014, with 44 observations. The data reached an all-time high of 100.000 % in 1985 and a record low of 97.062 % in 2014. Singapore SG: Electricity Production From Oil: Gas And Coal Sources: % of Total data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Singapore – Table SG.World Bank: Energy Production and Consumption. Sources of electricity refer to the inputs used to generate electricity. Oil refers to crude oil and petroleum products. Gas refers to natural gas but excludes natural gas liquids. Coal refers to all coal and brown coal, both primary (including hard coal and lignite-brown coal) and derived fuels (including patent fuel, coke oven coke, gas coke, coke oven gas, and blast furnace gas). Peat is also included in this category.; ; IEA Statistics © OECD/IEA 2014 (http://www.iea.org/stats/index.asp), subject to https://www.iea.org/t&c/termsandconditions/; Weighted average; Restricted use: Please contact the International Energy Agency for third-party use of these data.

Singapore Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data was reported at 0.000 kl th in Jan 2025. This stayed constant from the previous number of 0.000 kl th for Dec 2024. Singapore Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data is updated monthly, averaging 0.000 kl th from Jan 2009 (Median) to Jan 2025, with 193 observations. The data reached an all-time high of 0.000 kl th in Jan 2025 and a record low of 0.000 kl th in Jan 2025. Singapore Energy Balance: Primary: Total Crude: Natural Gas Liquids: Direct Use data remains active status in CEIC and is reported by Joint Organisations Data Initiative. The data is categorized under Global Database’s Singapore – Table SG.JODI.WDB: Energy Balance: Oil. Liquid or liquefied hydrocarbons recovered from gas separation plants and gas processing facilities; Refers to crude oil, NGL and Other which are used directly, without being processed in oil refineries, for example: crude oil burned for electricity generation

The primary energy consumption in Singapore reached **** exajoules in 2023. Across fuel types, oil accounted for the highest volume of primary energy consumption at **** exajoules, followed by natural gas at **** exajoules. Primary energy consumption refers to the total energy demand including consumption of the sector itself, transmission losses, energy distribution, as well as final consumption by end users.

Singapore LNG Storage Tank Market size was valued at USD 163.41 Million in 2024 and is projected to reach USD 264.59 Million by 2032, growing at a CAGR of 6.20% from 2026 to 2032.

Singapore LNG Storage Tank Market: Definition/ Overview LNG storage tanks are designed and constructed to safely store liquefied natural gas at extremely low temperatures, ensuring its viability for transportation and consumption. These tanks are utilized in various sectors, including power generation, industrial applications, and marine fuelling, where LNG is more environmentally friendly than traditional fossil fuels. Strict safety rules and sophisticated engineering methods have improved these storage systems' dependability and effectiveness. The country’s strategic focus on energy diversification and sustainability initiatives has driven growing demand for LNG in Singapore.

Singapore Primary Energy Consumption per Capita data was reported at 160,276.984 kWh/Person in 2023. This records an increase from the previous number of 147,572.328 kWh/Person for 2022. Singapore Primary Energy Consumption per Capita data is updated yearly, averaging 104,456.758 kWh/Person from Dec 1965 (Median) to 2023, with 59 observations. The data reached an all-time high of 164,802.547 kWh/Person in 2017 and a record low of 25,737.217 kWh/Person in 1965. Singapore Primary Energy Consumption per Capita data remains active status in CEIC and is reported by Our World in Data. The data is categorized under Global Database’s Singapore – Table SG.OWID.ESG: Environmental: CO2 and Greenhouse Gas Emissions: Annual.

The Southeast Asia CNG Dispenser market is booming, projected to reach [estimated 2033 value] by 2033, driven by government initiatives and environmental concerns. Discover key trends, regional breakdowns, and leading companies shaping this rapidly growing sector. Recent developments include: Recent Developments will be provided in the final report.. Key drivers for this market are: 4., Growing Demand for Compressed Natural Gas. Potential restraints include: 4., Growing Demand for Compressed Natural Gas. Notable trends are: Increasing Natural Gas Consumption Expected to Drive the Market.

Qatar has the highest per capita energy consumption worldwide. In 2024, residents in Qatar used an average of *** megawatt-hours worth of energy - all of which was derived from fossil fuels. Sources of primary energy In 2024, oil and coal were the main fuels used for primary energy worldwide. Except for the Nordic countries and Canada, all other countries listed among the leading 10 consumers sourced energy almost exclusively from fossil fuels. Many of them are also responsible for large oil production shares or the refining thereof. Differences in energy consumption There is a notable disparity between the highest and lowest energy users. Resource-rich countries outside the temperate climate zone tend to use more energy to heat or cool homes and are also more likely to use greater amounts of energy as costs are much lower. For example, electricity prices in oil and gas-producing countries such as Qatar and Saudi Arabia are only a fraction of those of resource-poor countries in Europe. Furthermore, energy consumption disparity is a strong indicator of the different income levels around the world and largely tied to economic prosperity.

The size of the Singapore LNG Storage Tank Market was valued at USD 163.37 Million in 2023 and is projected to reach USD 249.57 Million by 2032, with an expected CAGR of 6.24% during the forecast period. Recent developments include: Nov 2023: Dutch tank storage company Vopak, which has operations in China, Saudi Arabia, Singapore, Malaysia, and the United States, signed an agreement with Japan's IHI Corporation, a company into developing technology for large-scale ammonia receiving terminals using large liquified natural gas (LNG) storage tank technology, to develop storage tanks for Ammonia and LNG., Oct 2023: Singapore LNG Corporation (SLNG) announced plans to develop and operate a second liquefied natural gas (LNG) terminal in Singapore, 10 years after the first terminal started commercial operations. The new terminal will meet Singapore’s demand for natural gas entirely by LNG and enhance the country’s position as a key LNG trading hub.. Key drivers for this market are: 4., Rising Demand for LNG4.; Increased Consumption of LNG as Fuel in Singapore. Potential restraints include: 4., Highly Fluctuating Natural Gas Prices4.; Rising Adoption of Renewable Energy. Notable trends are: Self-supporting Tanks to Witness Significant Growth.

In 2024, the Singaporean gas supply meter market increased by 684% to $38M, rising for the second consecutive year after six years of decline. Overall, consumption recorded a prominent expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.