Commodity Market Report

Singapore gas and LNG markets long-term outlook 2019

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24 July 2019

Singapore gas and LNG markets long-term outlook 2019

Report summary

Singapore welcomes a new LNG importer as Keppel Gas imports its first LNG cargo in April 2019, capitalising on Singapore Spot Import policy. There are a few LNG SPAs starting in 2019 for delivery to Singapore, however, contracted LNG may not end up in Singapore as most of the domestic power end-users are currently well-contracted. Industrial end-users present some upside, however, they are unlikely to absorb the full volume. 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

    • Exploration success in South Sumatra could mean more piped gas imports from Indonesia
    • PTTEP’s recent Sarawak find may alleviate market tightness in Peninsular Malaysia, leaving room for more piped gas from Peninsular
    • Piped gas contracts set to see the price drop due to the impact of IMO 2020
    • Hyflux difficulties continues, energy storage promoted, no impact on overall power situation in Singapore
    • Power and renewable markets report
    • Pavilion Energy positions itself as an international LNG player with takeover of Iberdrola’s LNG Assets
    • Singapore continues to push LNG as a marine fuel, SLNG terminal now offers commercial ship-to-ship LNG bunkering, truck-to-ship bunkering now mature in Singapore
    • Keppel enters the ranks at LNG importer with first cargo under spot import policy
    • Ministries/agencies
    • Competition
    • Third-party access
    • Fuel mix
    • Pricing
    • Introducing a carbon tax
    • Gas market regulation
    • Importers
    • Transmission
    • Distribution
    • Terminal use agreement
    • Hub ambitions
    • Gas infrastructure
    • Pipeline 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
    • Piped gas contracts
    • LNG Contracts
    • Midstream gas prices
    • Power sector
    • Other sectors

Tables and charts

This report includes 26 images and tables including:

  • Singapore’s energy policy and regulatory structure
  • Singapore gas pipelinesgas pipelines
  • Singapore LNG demand
  • GDP forecast: Singapore
  • Major energy legislation
  • 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
  • Current gas pricing: imported Offshore Receiving Facility (ORF) landed prices
  • Piped gas contracts pricing formula
  • Piped gas contracts forecast
  • LNG Contracts
  • Current gas pricing: delivered (2019)
  • Gas price outlook to 2040

What's included

This report contains:

  • Document

    Singapore gas and LNG markets long-term outlook 2019

    PDF 1.33 MB

  • Document


    XLS 828.50 KB

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