In 2024, Singapore imported 149 Mtoe of energy products, 2.9% higher than the preceding year. The major share of Singapore’s energy imports continued to be in the form of petroleum products (59.0%).
Natural gas imports totalled 11 Mtoe in 2024, with liquefied natural gas comprising 6 Mtoe. The amount of natural gas imports increased by 3.2% in 2024. While the amount of pipeline natural gas imported decreased by 7.0%, the amount of liquefied natural gas increased by 13.0%.
Energy products exports rose by 2.5%, from 76 Mtoe in 2023 to 78 Mtoe in 2024. This increase was due mainly to higher exports of petroleum products (77 Mtoe) in 2024.
In 2023, there was a net stock draw of 887 ktoe of total energy products. The increase in stock comprised a stock draw of crude oil & natural gas liquids (260 ktoe) and petroleum products (679 ktoe), and stock build of natural gas (52 ktoe).
Note: Stock change is the difference between the opening and closing stock levels at a national level on the first and last day of the calendar year, respectively. A net increase in stock change refers to a stock draw as it is an addition to supply. A net decrease in stock change denotes a stock build as supply is withdrawn into inventory. This definition of stock change is in accordance with the International Energy Agency (IEA)'s definition.
Data in this annual publication is accurate as of Sep 2025.
For enhanced visibility of the variables in the charts, you may filter them through the charts' legend.