Energy Opportunities in Singapore

An Expert's View about Energy in Singapore

Posted on: 22 Sep 2010

Singapore’s energy sector offers niche opportunities in all major segments of the industry, from oil and gas to electricity generation to renewable energy.

Sector briefing Energy Opportunities in Singapore Why Singapore? Singapore has established itself as one of Asia?s major energy hubs, despite its limited natural resources. It is one of the top three oil-refining centres in the world, has established itself as the world?s busiest marine bunkering centre and is the largest oil trading hub in Asia and the third largest in the world. All this activity takes place on the back of a world-class electricity transmission network, acknowledged as a leader in terms of sophistication and reliability. Singapore is a price-taker when it comes to Singapore is rapidly developing its research energy. Approximately 80% of its electricity is capabilities in the energy sector to support produced from piped natural gas imported from business innovation and development. It is also Malaysia and Indonesia. Singapore also developing a ?living laboratory?, where new imports all of its crude oil. This is a key energy concepts can be tested. The support for consideration behind its decision to build a LNG research, the push for technology transfer and terminal to diversify its sources of natural gas. the drive to adoption in industry highlight The issue of climate change, coupled with Singapore?s commitment to seize the recent technological advances, has also opportunities presented by the energy sparked interest in renewable energy industry. (especially solar) and energy efficiency. Find general information on the Singapore?s Singapore has developed a National Energy market conditions on UKTI?s website. The Policy Framework to maintain a balance Doing Business Guide for Singapore gives an between economic competitiveness, energy overview of Singapore?s economy, business security and environmental sustainability. culture, potential opportunities and an introduction to other relevant issues. UK Trade & Investment Sector briefing: Energy opportunities in Singapore Opportunities Power S Several new generation plants are expected to ingapore?s energy sector offers niche opportun come online in the coming years. ExxonMobil?s ities in all major segments of the cogeneration plant is expected to begin industry, from oil and gas to electricity generation to renewable energy. operations in 2011. Tuas Power is building the Tembusu Multi-Utilities Complex, fuelled by Oil and Gas biomass and coal, slated to commence operations in 2012. Island Power Company The oil industry is an integral part of the intends to build a gas-fired plant by 2013. economy, contributing close to 5% of GDP. Keppel Merlimau Cogen also plans to build two Singapore aspires to cement its role as Asia?s generation plants. Based on current oil hub by expanding refining capacity, indications, the earliest commissioning dates advancing the technology base and developing for these are around 2013 and 2014. innovative logistics solutions. To meet Singapore?s rising demand for Singapore is working to optimise existing electricity in the future, especially with refineries and promote R&D in high-value industries developing in the east, land has also products, process optimisation and catalyst been set aside for a new generation plant to be development. Integral to this will be work built in the northeast region. Potential pioneer innovative logistics solutions to investors are being encouraged to explore overcome land constraints, such as the Jurong opportunities in this area. Cavern project, which will hold close to 1.47m m3 of crude oil and condensate. Solar Committed to enhancing its energy security There is potential for Singapore to tap into through diversification, Singapore is also solar energy for power generation, although developing new strengths in the gas industry. the heavy cloud cover means that energy from It is embarking on the construction of an LNG solar would be intermittent. In 2008, a Solar terminal located on a 30ha site on Jurong Capability Scheme was launched to boost the Island. Although BG Asia Pacific Pte Ltd has use of solar technologies in new buildings. As been appointed as the LNG aggregator, the of June 2009, there were 31 commercial and Energy Market Authority (EMA) will review nine household solar PV installations connected Singapore?s import control policy when LNG to the grid with a total capacity of 478.7 kWp. imports reach 3 mtpa or in 2018, whichever is sooner. Should there be sufficient demand for Singapore has aspirations to become a major LNG at this point, the EMA will consider solar hub, providing technologies to the region, opening up the fuel market for power including markets with a potential demand for generation. off-grid power generation solutions. A number of leading industry players have established a Excess capacity will also be built into the LNG presence in Singapore, including Norway?s terminal to support aspirations to open up Renewable Energy Corporation (which is opportunities in the LNG trading area. building the world?s largest solar manufacturing Singapore has already put in place schemes plant here) and Conergy, Solar Energy Power such as the Global Traders Programme to and SolarWorld from Germany. enhance its attractiveness as an LNG trading hub. Wind Participation in the biennial Offshore South Although wind speeds in Singapore are East Asia Exhibition and Conference (OSEA) generally low, there are still niche would provide a good platform for companies opportunities, especially in the development of to promote their expertise. The next OSEA will wind turbine generators adapted for low wind take place later this year. Further details are conditions. In 2008, Vestas Wind Systems A/S given in page 3. established its regional R&D hub for Asia in Singapore. UK Trade & Investment Sector briefing: Energy opportunities in Singapore Participation in Singapore International Energy You can be alerted to business opportunities on Week 2010 would provide a useful opportunity a regular basis by registering on the UKTI for companies in the power and renewable website. Find out more on UKTI?s business energy sectors to promote their products and opportunities service on the UKTI website services. Further details are given below. In addition, the Singapore government's e- R&D procurement portal, GeBIZ, provides information on all public sector invitations for Research institutes under the Agency for quotations and tenders. Suppliers can search Science, Technology and Research (A*STAR) for government procurement opportunities, have established research programmes and download tender documents, and submit their pilot initiatives in various areas including bids online. Find out more at intelligent energy distribution systems, carbon http://www.gebiz.gov.sg/ capture and utilisation, bioenergy and biofuels, fuel cells and solar PV and an Experimental Power Grid Centre. Major events and activities The EMA has set up a S$25m Energy Research Deve Singapore International Energy Week lopment Fund to drive research, deve 27 October to 4 November 2010 lopment and demonstration initiatives. It ha http://singapore.iew.com.sg/ s also established a S$5m Market Deve lopment Fund to encourage the adoption o (Includes Carbon Forum Asia, Clean Energy f renewable energy solutions in Singapore. Expo Asia, POWER-GEN Asia, Downstream Asia S 2010 and IPEC 2010) ingapore?s Economic Development Board is funding research in clean energy through its S$50m OSEA2010 Clean Energy Research Programme, S$17m 30 November to 3 December 2010 Clean Energy Research & Testbedding P http://www.osea-asia.com/ rogramme and a S$20m Solar Capability S cheme. Find full details of all events in this Tes country and sector on the UKTI website. tbedding Projects New export events are added daily to the site The and you can register to be alerted to them on a EMA plans to establish a test bed on one of daily, weekly or monthly basis its offshore islands, Pulau Ubin, to implement clean and renewable energy systems UKTI?s Tradeshow Access Programme (TAP) integrated into an intelligent micro-grid. provides grant support for eligible Small & Medium Sized Enterprises (SME's) to attend It is also exploring the implementation of a trade shows overseas. Find out more about range of ?smart-grid? technological solutions wh UKTI support for attendance at overseas ich can potentially enhance the capabilities o events f Singapore?s power infrastructure. The EMA is looking to engage with a range of ?smart-grid? energy players as it looks to develop its plans to augment the capabilities of its power grid. Opportunities for UK companies If you have any questions on the opportunities above, contact the UKTI contacts named in this report. Business opportunities aimed specifically at UK companies are added daily to UKTI?s website. These leads are sourced by our staff overseas in British Embassies, High Commissions and Consulates, across all sectors and in over 100 markets. UK Trade & Investment Sector briefing: Energy opportunities in Singapore UKTI contacts Next steps - How UKTI can help Stephen Hill Senior Trade & Investment Officer British companies wishing to develop their British High Commission Singapore business in the Singapore market are advised Tel: (65) 6424 4382 to undertake as much market research and Email: stephen.hill2@fco.gov.uk www planning as possible in the UK. UKTI?s team in .ukti.gov.uk Singapore, with its wide local knowledge and experience, can provide a range of services to Katijah Borhan British-based companies wishing to grow their Trade & Investment Officer business in global markets. British High Commission Singapore Tel: (65) 6424 4307 This can include: Email: katijah.borhan@fco.gov.uk www ? Provision of market information .ukti.gov.uk ? Validated lists of agents/distributors ? Key market players or potential Sarah Croft customers in the Chinese market First Secretary ? Establishment of interest of such British High Commission Singapore contacts in working with you Tel: (65) 6424 4302 ? Arranging appointments Email: sarah.croft@fco.gov.uk ? Organise seminars or other events for www.ukti.gov.uk you to meet contacts and promote your company in the Chinese market Bob Bish Deputy D This work is available via our Overseas Market irector (Power) UKTI Energy Team Introduction Service (OMIS) a chargeable UK Trade & Investment service which assists British-based companies K wishing to enter or expand their business in ingsgate House 66-74 V overseas markets. ictoria Street London SW1E 6SW Te To find out more about commissioning this l: (44) (0) 20 7215 4639 Ema work, or accessing other UKTI services and il: bob.bish@ukti.gsi.gov.uk www.ukti.gov.uk specialist advice, please visit the UKTI website to find contact details for your local UKTI office. Whereas every effort has been made to ensure that the information given in this document is accurate, neither UK Trade & Investment nor its parent Departments (the Department for Business, Innovation & Skills, and the Foreign & Commonwealth Office), accept liability for any errors, omissions or misleading statements, and no warranty is given or responsibility accepted as to the standing of any individual, firm, company or other organisation mentioned. Published 2010 by UK Trade & Investment Crown Copyright © UK Trade & Investment Sector briefing: Energy opportunities in Singapore
Posted: 22 September 2010

See more from Energy in Singapore

Expert Views    
Energy Opportunities in Singapore   By UK Trade & Investment
Power Generation & Clean Energy   By U.S. Commercial Service
Hot Tips    
Power Generation & Clean Energy in Singapore   By U.S. Commercial Service Singapore
Oil, Gas and Petrochemical Industry Singapore   By U.S. Commercial Service Singapore
Oil and Gas in Singapore   By U.S. Commercial Service Singapore
Presenting the contributor