Energy and Competitiveness

PROJECTS

To be updated

With no fossil fuel resources and limited potential for renewable forms of energy, Singapore must import all of its oil, gas and coal. Oil refining and petrochemicals have played a critical role in Singapore’s industrial economy for many decades and the country has become the undisputed refining hub in Southeast Asia and one of the world’s top refining centres. In recent years, natural gas has been played a growing role in Singapore. This is reflected in the new LNG terminal and the government’s plans to develop the country into a gas trading hub. Two international trends are of particular importance to this aspiration: the rise of unconventional gas production (shale gas and coal-bed methane), and the growing quantity of gas trade in Asia.

Over-Arching Questions

  • How can Singapore’s carbon intensive industries remain sustainable/competitive in the longer term considering its emission constraints on economic structure and value proposition?
  • As a small open economy in the global supply chain, how will Singapore’s competitiveness be affected by carbon mitigation measures (e.g. emissions trading and border carbon tax adjustment) imposed by other jurisdictions?
  • How could Singapore’s economy gain from energy development in ASEAN and wider Asia?
  • What is the role of Singapore in developing ASEAN’s energy market changes?
  • What is the role of nuclear energy in shaping the dynamics of regional energy market integration and energy security?
  • How will the new infrastructure connectivity plans, the opening of new sea routes and maritime technological advancements affect Asia’s energy supply chain and Singapore’s status as a premier international maritime and energy hub?