Energy Supply

Chapter 01

Imports & Exports of Energy Products

In 2021, Singapore imported 149.4 Mtoe of energy products. This is 1.4% lower than the preceding year, primarily due to the lower imports of Petroleum Products.

The majority of Singapore’s energy imports continued to be in the form of Petroleum Products (60.3%).

Natural Gas imports totalled 10.6 Mtoe in 2021 (i.e. 7.4 Mtoe of Piped Natural Gas and 3.4 Mtoe of Liquefied Natural Gas). The total amount of Natural Gas imports increased by 4.1% in 2021 compared to 2020. The increase was mainly attributed to higher amount of Pipeline Natural Gas (PNG) imported (i.e. 6.7 Mtoe and 7.4 Mtoe of PNG imported in 2020 and 2021 respectively).

Energy products exports fell by 0.9%, from 76.5 Mtoe in 2020 to 75.8 Mtoe in 2021. This decrease was largely due to lower levels of Petroleum Products (74.5 Mtoe) exports.

Imports of Energy Products
Exports of Energy Products

Stock Change

In 2020, there was an overall stock build of 432.9 ktoe of energy products. The stock change comprised stock build of 582.8 ktoe of Petroleum Products, stock draw of 106.0 ktoe of Crude Oil & Natural Gas Liquids and stock draw of 43.9 ktoe of Natural Gas.

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 A net decrease in stock change denotes a stock build as supply is withdrawn into inventory.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)