In 2019, Singapore imported 164.7 Mtoe of energy products, 6.1% 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 (60.5%).
Natural Gas imports totalled 10.1 Mtoe in 2019, with the bulk comprising Piped Natural Gas (6.6 Mtoe). Amount of Natural Gas imports grew by 1.9% in 2019, driven by the growth of Liquefied Natural Gas imports.
Energy products exports fell by 4.4%, from 91.7 Mtoe in 2018 to 87.7 Mtoe in 2019. This decrease was due mainly to lower exports of Crude Oil and Petroleum Products of 1.0 Mtoe and 86.7 Mtoe respectively.
In 2018, there was a stock draw of 299.5 ktoe of total energy products. This contrasted with a stock build of 1903.7 ktoe in 2017. The stock draw in 2018 comprised Crude Oil & Natural Gas Liquids (198.3 ktoe), Petroleum Products (66.8 ktoe) and Natural Gas (34.3 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 A net decrease in stock change denotes a stock build as supply is withdrawn into inventory.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.