Commodity Market Report

Singapore gas and LNG market outlook

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01 July 2021

Singapore gas and LNG market outlook

Report summary

Singapore will rely on LNG imports when Indonesia and Malaysia piped gas contracts expire. Gas demand rebounds in 2021 after coronavirus brought economic activities to an abrupt halt in 2020. Pavilion's LNG portfolio grows significantly with multiple LNG long-term supplies secured in 2020-2021 and increasing emphasis on LNG cargo carbon emission quantification. Singapore completed its first ship-to-ship bunkering in 2021 with ambitions to become a key LNG bunkering port. This report presents Wood Mackenzie's view of Singapore's gas and LNG market. Understand the key risks and opportunities in Singapore's gas and LNG markets with our latest supply-demand balance analysis, views on gas contracts and discussion of key infrastructure developments.

Table of contents

  • Gas demand picks up after falling by 1.6% in 2020
  • New non-exclusive LNG term importers: ExxonMobil and SembCorp Fuels
  • Indonesia maintains focus on domestic gas markets
  • Climate Impact X and Singapore Green Plan 2030
  • Greater adoption and investor tie-ups for LNG bunkering
  • Power and renewable markets report
    • Ministries and government agencies
    • Private sector companies
    • Energy policy
    • Environment and carbon policies
    • Important energy legislation
    • Third-party access (TPA)
    • Importers
    • Gas shippers
    • Transmission
    • Distribution
  • Gas and LNG network
    • Indonesia-Singapore pipelines
    • Malaysia-Singapore pipeline
    • PowerGas transmission and distribution (TND) network
    • Regasification and reload
    • LNG bunkering
    • Potential investments in SLNG
    • Second LNG terminal
  • Economic outlook
    • Power sector
    • Industrial sector
    • Transport sector
  • Supply outlook
    • Gas sales agreements (GSA)
    • LNG imports
  • Uncontracted supply
  • Yet-to-find supply
  • Supply-demand gap
  • Supply-demand balance
  • LNG demand
  • Imports
  • Exports
    • Piped gas contract pricing
    • LNG contract pricing
  • Midstream gas prices
    • Power and industrial gas
    • Retail gas
  • Gas price trends
  • Gas price forecast
    • Electricity imports
    • Carbon tax hikes could spur investments in localised power generation with renewables
    • Gas contract renewals
  • Green LNG trading opportunities in ASEAN region

Tables and charts

This report includes 28 images and tables including:

  • Stakeholder chart
  • Piped gas and LNG network
  • GDP forecast: H1 2021
  • Total gas demand
  • Contracted gas supply
  • Supply-demand view
  • Supply-demand balanced view
  • Sumatra-Singapore pipeline utilisation
  • Natuna-Singapore pipeline utilisation
  • Demand versus regas capacity
  • Regas capacity expansion scenarios
  • Historical gas imports
  • Historical LNG imports
  • LNG contract volumes
  • LNG seasonality profile and range
  • LNG re-exports
  • Offshore receiving facility (ORF) gas import prices
  • Genco delivered gas (2021)
  • End-user gas prices versus high-sulphur fuel oil (HSFO) historical prices
  • Historical monthly gas prices
  • Price outlook to 2050
  • Gas market value chain
  • Power sector gas demand
  • Installed capacities
  • Generation mix
  • Non-power sector gas demand
  • Piped gas contracts
  • LNG contract price assumptions

What's included

This report contains:

  • Document

    1H21 Singapore Gas And LNG Data.xlsx

    XLSX 436.54 KB

  • Document

    Singapore gas and LNG market outlook

    PDF 1.25 MB