Singapore energy report

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					Singapore energy report

Latest update: January 2010




Table of Contents

LIST OF GRAPHS & TABLES                                               2

INSTITUTIONS AND ENERGY POLICY                                        3

ENERGY COMPANIES                                                      3

ENERGY SUPPLY                                                         4

ENERGY PRICES                                                         4

CONSUMPTION                                                           5

ISSUES AND PROSPECTS                                                  5

GRAPHS & DATA TABLES                                                  6




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LIST OF GRAPHS & TABLES

List of Graphs


Graph   1:    Installed Electric Capacity by Source (2008, %)
Graph   2:    Power Generation by Source (2008, %)
Graph   3:    Consumption trends by Energy Source (Mtoe)
Graph   4:    Total Consumption Market Share by Energy (2008, %)
Graph   5:    Final Consumption Market Share by Sector (2008, %)
Graph   6:    Primary Consumption since 1970


List of Tables


Table 1: Economic indicators
              Population, GDP growth
              Imports & exports
              Inflation rate, exchange rate


Table 2: Supply indicators
               Oil & Gas proven reserves
               Electric & refining capacity detailed by source
               Production by energy source
               Power production by source
               External trade by energy


Table 3: Demand indicators
              Consumption / inhabitant
              Consumption trends
              Total consumption by energy
              Final consumption by energy and by sector
              Electricity consumption by sector
              Energy security indicators
              Energy efficiency indicators
              CO2 emissions


Table 4: Energy Balance
              Total energy balance
              Detailed energy balance by energy




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INSTITUTIONS AND ENERGY                                               2008    for    an    amount     of    €2.5bn    by    a
                                                                      consortium composed of Marubeni (30%),
POLICY                                                                GDF Suez (30%), Kansaï (15%), Kyushu
                                                                      (15%) and Japan Bank for International
The country’s energy sector is controlled by                          Cooperation (JBIC, 10%). Since 2008, Tuas
the Energy Department of the Ministry of                              Power has belonged to SinoSing Power Pte
Trade      and      Industry.           The      department           Ltd and China Huaneng Group. PowerSeraya
manages the energy sector development in                              Ltd belongs to Singapore’s sovereign fund,
Singapore      in    order    to        ensure      economic          Temasek Holdings.
growth, energy security, competitiveness and
sustainable         development.              The     Energy          The    electricity   network     is   managed        by
Department lays down the sector’s strategic                           Singapore Power Group.
policy and the country’s energy policy. It also
supervises the liberalisation of the electricity                      The distribution market is shared between six
and gas sectors in collaboration with the                             players. Singapore Power Services (41%
Energy Market Authority, which plays the                              of the market), Senoko Energy (17%),
role of regulator.                                                    Tuas Supply (14%), Seraya Energy (12%),
                                                                      SembCorp        Power      (10%)       and     Keppel
The electricity market was liberalised in                             Electric (4%).
2003. Since then, the regulator has granted
licences for electricity production and for                           Gas
retailers. Nevertheless, the network remains                          The gas sector is composed of two different
a monopoly.                                                           networks, one for town gas and the other for
                                                                      natural gas.
Most of the electricity is generated from
natural gas. The gas sector is being fully                            The city gas network belongs to PowerGas
reorganised in order to liberalise it and to                          Ltd and provides gas to approximately half of
support the competitiveness of the electricity                        the residences. The town gas is produced and
sector.                                                               sold by City Gas Pte Ltd.


ENERGY COMPANIES                                                      Singapore imports the totality of its natural
                                                                      gas through three gas pipes. Senoko Power
                                                                      Ltd imports 4 Mm3/d from Malaysia within
Electricity
                                                                      the    framework      of   an    agreement       with
Electricity    generation          is    fully      open    to
                                                                      Petronas. The gas is used by Senoko Power
competition. EMA granted eight production
                                                                      Ltd for electricity production.
licences. The three main producers are:
Senoko Power Ltd (3300 MW), Power
                                                                      SembCorp Gas Pte Ltd imports 9.2 Mm3/d
Seraya Ltd (3100 MW) and Tuas Power Ltd
                                                                      from Indonesia’s West Natuna Field through
(2670     MW).       The     other        producers        are
                                                                      Pertamina.
Sembcorp Cogen Pte Ltd (785 MW), Island
Power Company Pte Ltd (800 MW), Keppel
                                                                      Gas Supply Pte Ltd imports 10 Mm3/d of
Merlimau Cogen Pte Ltd (1400 MW), National
                                                                      gas from Sumatra. The gas is sold by Gas
Environment Agency (250 MW) and Keppel
                                                                      Supply Pte Ltd and City Gas Pte Ltd. These
Seghers Tuas Waste-To-Energy Plant Pte Ltd
                                                                      two retailers use PowerGas Ltd services for
(24 MW).
                                                                      transport.

The State gradually disengaged from these
companies. Senoko Power was purchased in



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Oil                                                                   MW). PowerSeraya has two gas combined
Although Singapore does not produce oil                               cycles (370 MW) and eight oil units (250
domestically, certain companies are involved                          MW). Tuas Power has four gas combined
in exploration and production overseas. The                           cycle units and two steam turbines with a
largest of those companies is Singapore                               total capacity of 2700 MW.
Petroleum Company (SPC), which exploits
several fields in South-East Asia (mainly                             Oil
Vietnam and Indonesia). In 2009 PetroChina                            In spite of the absence of resources on its
acquired 45.5% of SPC.                                                territory, Singapore is a major oil hub in Asia.
                                                                      It is the world’s third largest oil products
Three companies are presents on the oil                               trading place. Thanks to its geographical
refining market: ExxonMobil, Shell and                                position, at the extremity of the Strait of
Refining Corporation.                                                 Malacca      and     on     the      shipping      routes
                                                                      connecting     the     Middle     Eastern      producing
Singap
				
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Description: HIGHLIGHTS IN SINGAPORE Singapore remained in 2009 a very attractive oil-trading place, in particular with the recent increase of its storage capacity (50 million barrels). The LNG regaseification project (4 bcm/year) has been taken over by the government and postponed by one year, it should be commissioned in 2013. Asia’s total primary production was boosted by above 5%, led by China and India. Energy consumption growth remained vigorous (+4%) as well and with 18% of the total China became the world’s largest energy consumer. WHAT YOU WILL FIND IN THIS REPORT The Singapore energy market report is a reliable source for understanding the key issues and dynamics shaping the Singaporean energy industry. With timely, up-to-date energy industry data and demand forecasts, this report will help you identify and exploit challenges and opportunities in the Singaporean energy sector. The report details the sub-sectors of the energy industry (Crude Oil, refined oil products, Natural Gas, Coal, Electricity and Renewable) in Singapore. In this report you will find: -Overview of energy industry sub-segments: oil, gas, coal, power, renewable -Evolution of the regulatory environment and institutions as regards energy and climate change policies -Key companies active in the Singaporean energy industry, along the value chain of each sub-segment -Up-to-date insight on market structures, regulatory developments, and asset developments -Market dynamics and trends, detailed by energy and by sector -Analysis supported by a large number of time series on production, consumption, imports, exports and reserves for each industry sub-segment -Projects under development in the country, including power plants, refineries, LNG terminals, gas pipelines -Analysis of the likely evolution of the market and key industry drivers MAIN REASONS TO BUY THIS REPORT -Identify growth segments and opportunities in the industry -Work with data-driven market research -Obtai
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