Energy Supply

Chapter 01

Imports & Exports of Energy Products

In 2020, Singapore imported 151.2 Mtoe of energy products, 8.2% lower than the preceding year. This was primarily due to lower imports of Petroleum Products and Crude Oil.

The majority of Singapore’s energy imports continued to be in the form of Petroleum Products (62.0%).

Natural Gas imports totalled 9.9 Mtoe in 2020, with the bulk comprising Piped Natural Gas (6.7 Mtoe). Amount of Natural Gas imports decreased by 2.4% in 2020, mainly due to lower amount of Liquefied Natural Gas (LNG) imported (i.e. 3.6 Mtoe and 3.2 Mtoe of LNG imported in 2019 and 2020 respectively).

Energy products exports fell by 12.8%, from 87.7 Mtoe in 2019 to 76.5 Mtoe in 2020. This decrease was due mainly to lower exports of Crude Oil (1.0 Mtoe) and Petroleum Products (75.5 Mtoe) in 2020.

Imports of Energy Products
Exports of Energy Products

Stock Change

In 2019, there was a stock draw of 1,040.2 ktoe of total energy products. The stock draw in 2019 comprised Crude Oil & Natural Gas Liquids (143.3 ktoe), Petroleum Products (1,188.7 ktoe) and Natural Gas (5.2 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 A net decrease in stock change denotes a stock build as supply is withdrawn into inventory.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)