Natural gas consumption in Singapore 2014-2023

In 2023, natural gas consumption reached a record high in Singapore, with about 12.3 billion cubic meters consumed, a decrease of 0.8 billion cubic meters from the previous year. This value increased steadily over the period measured.

Singapore’s natural gas industry is key for energy generation

Natural gas is a key energy source for power generation in Singapore. Up until 50 years ago, Singapore relied heavily on coal for power generation, but the demand for electricity has since increased due to economic development. Therefore, Singapore decided to switch to natural gas as the main fuel source for power generation. This shift led to an increase in natural gas consumption, which now accounts for about 95 percent of the electricity generated in Singapore, up from just 26 percent back in 2001, when oil was the preferred fuel.

Singapore natural gas imports

  Singapore's dependence on natural gas imports is significant, as the country requires a steady supply of natural gas to meet its energy needs. Piped natural gas imported from neighboring countries, such as Indonesia and Malaysia, makes up the majority of Singapore's natural gas supply. Despite the dominance of piped natural gas, Singapore is diversifying its sources of natural gas imports. Liquid natural gas (LNG) has emerged as a promising alternative for power generation. In 2013, Singapore launched its first LNG terminal on Jurong Island.