Singapore gas and LNG long-term outlook H1 2020 Report

Commodity Market Report 29 September 2020

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Report summary

Coronavirus dampens gas and LNG demand in the near term, while expiry of piped gas contracts with Indonesia and Malaysia drives LNG demand growth in the 2022-2025 period. Indonesia has announced ending Sumatra gas export to Singapore after contract expiry, confirming Singapore's further reliance on LNG. Singapore's EMA issued a request in July 2020 for two new non-exclusive term LNG importers beginning April 2021. This adds to the existing importer list of Shell and Pavilion. The LNG sector continues to see developments with near-term expected delivery of LNGBVs into FueLNG and Pavilion's portfolios, enabling regular ship-to-ship LNG bunkering in the Singapore port. This report presents Wood Mackenzie's view of Singapore’s gas and LNG market including our latest supply-demand balance, contract developments, regas infrastructure, market structure and policy

Key developments since the last report
- Indonesia plans to halt piped gas exports from Sumatra to Singapore in 2023
- Coronavirus-related lockdowns dampen gas and LNG demand
- Developments continue in the LNG space, particularly LNG bunkering
- EMA issues RFP to appoint new non-exclusive LNG importers
- Sun Cable’s planned Australian-ASEAN Power Link (AAPL) 3GW power transmission project progresses, raising the prospects of large-scale solar imports into Singapore
- Power and renewable markets report
Environment and carbon policy
Introducing a carbon tax
Key stakeholders
- Ministries/agencies
- Energy policy
- Competition
- Third-party access
- Fuel mix
- Pricing
- Gas market regulation
- Importers
- 3 more item(s)...
Gas Maps
- Piped gas import infrastructure
- LNG infrastructure
- Transmission and distribution
- Expansion of SLNG
- Second LNG terminal
- Power sector
- Non-power sector
- Industry
- 4 more item(s)...
LNG Trade
- LNG Imports
- Historical LNG Re-exports
- Seasonality
LNG Demand
- Current gas pricing trends
- Gas price forecast
- Upstream gas prices
- Midstream gas prices
- Power sector
- Other sectors