Commodity Market Report
Singapore gas and LNG long-term outlook H1 2020
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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
-
Key developments since the last report
- 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
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Key stakeholders
- Ministries/agencies
- Energy policy
- Competition
- Third-party access
- Fuel mix
- Pricing
- Gas market regulation
- Importers
- Transmission
- Distribution
- Terminal use agreement
-
Gas Maps
- 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 Trade
- LNG Imports
- Historical LNG Re-exports
- Seasonality
-
LNG Demand
- 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:
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