LNG Trading in Singapore
Summary
The city-state of Singapore is one of the key energy centers of the world. Its role in the LNG trade is still relatively insignificant, but it is growing rapidly.
The first regasification terminal in Singapore was commissioned in 2013, which began the history of the LNG industry in the country. In 2024, an agreement was signed on the construction of a second regasification terminal, which will allow the regasification capacity to reach 16 million tons of LNG per year by 2029.
As of the 2nd quarter of 2025, this small state with a population of 5 million became the 16th largest importer of LNG in the world.
The key company in the LNG industry in Singapore is Singapore LNG Corporation, which owns the country's only regasification terminal.
Australia plays a key role in the structure of LNG importers to Singapore, due to geographical proximity. Qatar also occupies a significant share in the structure of imports.
Singapore, along with Rotterdam, is the leading LNG bunkering center in the world. In 2024 460 kt of LNG were sold as a bunker. The government plans for 2028 to increase bunkering volumes to 3 million tons.
Singapore re-exports a significant share of imported LNG, thus being one of the world's centers of physical LNG trading.
LNG imports
As of 10.04.2025 Singapore companies have binding long-term LNG supply contracts totaling 5.7 million tons of LNG per year, which is half of the capacity of the regasification terminal. The recipient companies are: trading company Pavilion Energy, government agency Energy Market Authority, company Sembcorp Industries and French shipping company CMA CGM, bunkering their container ships in Singapore.
The LNG suppliers under the contracts are the trading divisions of the world's largest oil and gas companies: Qatar Energy, Shell, ExxonMobil, BP, Chevron, TotalEnergies.
The “Monthly dynamics of LNG imports to Singapore with details by country“ chart shows the statistics on unloading of gas carriers at the Singapore regasification terminal with aggregation for a calendar month and the supplier country. The data is available from August 2022. 01.MM.YYYY - means deliveries for the entire calendar month starting on this day. Deliveries for the current month are indicated by cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
The table “Details of Singapore LNG Carriers Discharge during last 30 days“ provides the data on unloading of gas carriers in Singapore for the last 30 days. The data are updated automatically. Import volumes are given in metric tons.
LNG re-export
Singapore is one of the world's LNG re-export centers.
The table “Details of Singapore LNG Carriers Loading and reexport during last 30 days" provides the data on loading of gas carriers in Singapore for the last 30 days. The data are updated automatically. Export volumes are given in metric tons.
The table “Singapore monthly re-export volumes and destination countries“ shows the data on loading of gas carriers in Singapore with aggregation for a calendar month and the supplier country. The data is available from September 2022. 01.MM.YYYY - means deliveries for the entire calendar month starting on this day. Shipments for the current month are indicated by cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
Pipe gas imports
In addition to LNG, Singapore also imports pipeline gas.
As of 2024, four Singaporean companies were licensed to import pipeline gas to Singapore. In May 2025, the state-owned Singapore Gas Company was established, which gained a monopoly on concluding new contracts for the import of pipeline gas for the purpose of flaring it at gas-fired thermal power plants.
In March 2025, the Ministry of Energy and Mineral Resources of Indonesia cancelled the previously signed contract of the Indonesian company Conrad Asia Energy of Singapore's Sembcorp Industries, which is developing the Mako field, for the supply of 767 million cubic meters of gas from this field to Singapore starting in 2027 for 10 years.
The current long-term contracts for the supply of pipeline gas from Malaysia and Indonesia expire in 2028 and probably will not be extended due to the priority of domestic gas consumption by these countries.
Gas consumption
Power industry dominates the structure of gas consumption in Singapore - 86% of gas is used by TPP.
LNG bunker sales
Singapore is one of leaders of emerging market of LNG bunker sales, along with Rotterdam. In 2024 460 kt of LNG were sold as a bunker. The government plans for 2028 to increase bunkering volumes to 3 million tons. To achieve this goal, the process of issuing new LNG bunkering licenses began in the first quarter of 2025.
Overall share of usage of LNG as bunker is relatively small, but fast growing.
Please see dynamics of monthly sales of LNG as bunker fuel in Singapore marker.
