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Imports & Exports of Energy Products
In 2023, Singapore imported 145 Mtoe of energy products, 0.1% higher than the preceding year. The major share of Singapore’s energy imports continued to be in the form of petroleum products (59%).
Natural gas imports totalled 11 Mtoe in 2023, with the bulk comprising piped natural gas (5 Mtoe). The amount of natural gas imports increased by 4% in 2023. While the amount of pipeline natural gas imported decreased by 20%, the amount of liquefied natural gas increased by 40%.
Energy products exports rose by 5%, from 73 Mtoe in 2022 to 76 Mtoe in 2023. This increase was due mainly to higher exports of petroleum products (75 Mtoe) in 2023.
Imports & Exports of Energy Products
Stock Change
In 2022, there was a net stock build of 891 ktoe of total energy products. The increase in stock comprised of crude oil & natural gas liquids (334 ktoe), petroleum products (543 ktoe) and natural gas (14 ktoe).
Note: Stock change is the difference between the opening and closing stock levels at a national level on the first and last day of the calendar year, respectively. A net increase in stock change refers to a stock draw as it is an addition to supply. A net decrease in stock change denotes a stock build as supply is withdrawn into inventory. This definition of stock change is in accordance with the International Energy Agency (IEA)'s definition.
Stock Change (as at end period)
In This Chapter
Data in this annual publication is accurate as of Sep 2024.
For enhanced visibility of the variables in the charts, you may filter them through the charts' legend.
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