Commodity Market Report

Singapore gas and LNG long-term outlook H1 2020

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29 September 2020

Singapore gas and LNG long-term outlook H1 2020

Report summary

Coronavirus dampens gas and LNG demand in the near term, while expiry of piped gas contracts with Indonesia and Malaysia drives LNG demand growth in the 2022-2025 period. Indonesia has announced ending Sumatra gas export to Singapore after contract expiry, confirming Singapore's further reliance on LNG. Singapore's EMA issued a request in July 2020 for two new non-exclusive term LNG importers beginning April 2021. This adds to the existing importer list of Shell and Pavilion. The LNG sector continues to see developments with near-term expected delivery of LNGBVs into FueLNG and Pavilion's portfolios, enabling regular ship-to-ship LNG bunkering in the Singapore port. This report presents Wood Mackenzie's view of Singapore’s gas and LNG market including our latest supply-demand balance, contract developments, regas infrastructure, market structure and policy

Table of contents

    • Indonesia plans to halt piped gas exports from Sumatra to Singapore in 2023
    • Coronavirus-related lockdowns dampen gas and LNG demand
    • Developments continue in the LNG space, particularly LNG bunkering
    • EMA issues RFP to appoint new non-exclusive LNG importers
    • Sun Cable’s planned Australian-ASEAN Power Link (AAPL) 3GW power transmission project progresses, raising the prospects of large-scale solar imports into Singapore
    • Power and renewable markets report
  • Environment and carbon policy
  • Introducing a carbon tax
    • Ministries/agencies
    • Energy policy
    • Competition
    • Third-party access
    • Fuel mix
    • Pricing
    • Gas market regulation
    • Importers
    • Transmission
    • Distribution
    • Terminal use agreement
    • Piped gas import infrastructure
    • LNG infrastructure
    • Transmission and distribution
    • Expansion of SLNG
    • Second LNG terminal
    • Power sector
    • Non-power sector
    • Industry
    • Jurong Island Version 2.0
    • Carbon Tax
    • Transport
    • Singapore gas market balance
    • LNG Imports
    • Historical LNG Re-exports
    • Seasonality
    • Current gas pricing trends
    • Gas price forecast
    • Upstream gas prices
    • Midstream gas prices
    • Power sector
    • Other sectors

Tables and charts

This report includes 25 images and tables including:

  • Singapore’s energy policy and regulatory structure
  • Singapore gas pipelines
  • Singapore LNG demand
  • GDP forecast: Singapore
  • Major energy legislation
  • Singapore gas market value chain
  • Singapore total gas demand
  • Power sector gas users
  • Industry sector gas users
  • Power sector gas demand
  • Non-power gas demand
  • Total contracted gas supply: Singapore
  • Singapore gas/LNG supply sources
  • Singapore gas balance
  • Sumatra-Singapore pipeline utilisation
  • Natuna-Singapore pipeline utilisation
  • Historical LNG Imports
  • Historical LNG Re-exports
  • Seasonal Profile
  • Singapore end-user gas prices versus high-sulphur fuel oil (HSFO)
  • Monthly gas prices
  • Gas price outlook to 2040
  • Current gas pricing: imported Offshore Receiving Facility (ORF) landed prices
  • Piped gas contracts pricing formula
  • Current gas pricing: delivered (2020)

What's included

This report contains:

  • Document

    Singapore gas and LNG long-term outlook H1 2020

    PDF 1.38 MB

  • Document

    1H20 Singapore_Gas_and_LNG_Data.xlsx

    XLSX 357.88 KB