Singapore Oil and Gas Report Q3 2016

Date: June 29, 2016
Pages: 62
US$ 1,295.00
Report type: Strategic Report
Delivery: E-mail Delivery (PDF)
ID: S79802805FAEN

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Includes 3 FREE quarterly updates

BMI View: Singapore will remain a key refining and petrochemicals hub in the Asia-Pacific region, supported by a well-developed downstream sector and world-class port infrastructure. The country will remain a large net importer of residual fuel oil (used to refuel ships stopping at its port) as domestic refineries are largely optimised to produce higher-value light-to-middle distillates. Singapore is also looking to improve its LNG sector, with ongoing expansion works set to double the country's import capacity by 2018.

Latest Updates and Key Forecasts
  • The Singapore Exchange (SGX) launched futures and swaps on the country's new LNG price index in January 2016 and is working to build up greater liquidity.
  • Singapore will begin to provide LNG bunkering to ships from 2017. The Maritime and Port Authority of Singapore (MPA) awarded the first pair of LNG bunkering licenses to Pavilion Energy and a jointventure between Keppel Offshore & Marine and BG (now Shell).
  • Singapore imported 16.8mn metric tonnes of crude oil over the first five months of 2016, with the bulk of it (over 80.0%) originating from the Middle East.
  • Favourable prices and ample supplies allowed Singapore to broaden its crude options. In 2015, the country restarted crude trades with Timor-Leste and South Korea, while commencing first trades with Papua New Guinea, Egypt, Bolivia and Nigeria.
  • Ongoing Phase III expansion work at the SLNG LNG terminal at Jurong Island will expand the terminal's capacity to 14.9bcm (from 7.5bcm currently) by 2018.
BMI Industry View
  Table: Headline Forecasts (Singapore 2014-2020)
Oil & Gas SWOT
Industry Forecast
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Singapore 2014-2019)
  Table: Oil Production (Singapore 2020-2025)
Latest Updates
Structural Trends
  Table: Refining Capacity and Refined Products Production (Singapore 2014-2019)
  Table: Refining Capacity and Refined Products Production (Singapore 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Singapore 2014-2019)
  Table: Refined Products Consumption (Singapore 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Singapore 2014-2019)
  Table: Gas Consumption (Singapore 2020-2025)
Trade - Oil
Crude Oil Trade
Latest Updates
Structural Trends
  Table: Crude Oil Net Exports (Singapore 2014-2019)
  Table: Crude Oil Net Exports (Singapore 2020-2025)
Fuels Trade
Latest Updates
Structural Trends
  Table: Refined Fuels Net Exports (Singapore 2014-2019)
  Table: Refined Fuels Net Exports (Singapore 2020-2025)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
  Table: Singapore's Existing Pipeline Gas Contracts
  Table: Gas Net Exports (Singapore 2014-2019)
  Table: Gas Net Exports (Singapore 2020-2025)
Oil & Gas Risk/Reward Index
Asia - Risk/Reward Index
  Table: Asia's Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Production Cuts Reinforce Bearish Outlook
  Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Refinery Developments Lift Scores For Malaysia And The Philippines
  Table: Asia: Downstream Risk/Reward Index
Singapore - Risk/Reward Index
Upstream Index
Downstream Index
Market Overview
Singapore Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Singapore - Key Taxes
Licensing Regime
Regional LNG Trading Hub
Oil And Gas Infrastructure
Oil Refineries
  Table: Oil Refineries In Singapore
Oil Terminals/Storage Facilities
  Table: Commercial Crude Oil Storage Terminals In Singapore
LPG Terminal
LNG Terminals
  Table: LNG Terminals In Singapore
Competitive Landscape
Regional Overview
Asia Regional Overview
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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