Singapore is the smallest Member State in ASEAN in term of area with a total area of only 719 km2, but the most population intensive country with 5.6 million people living in the country in 2018. Singapore shares a maritime border with Malaysia and Indonesia. The GDP (PPP constant price 2011) is USD 502.9 billion, growing with the rate of 3.5% in 2018 [1]. The electrification rate in Singapore has already reached 100%. The electricity price for residential is 0.15 USD/kWh and consumed high compared to other ASEAN member state, in the amount of 8,797 kWh per capita.
Singapore is the region’s second-largest gas importer. The country is expanding its existing LNG importing facility and is seeking to become a major LNG trading hub. Singapore’s energy policy has also set strong objectives to 2030, including improving the country’s energy efficiency by 36% by 2030 from 2005 level. Currently, 64% of Singapore’s electricity is produced using oil, while the rest is produced by natural gas (32%), coal (2%), and renewables (2%) [2].
[1] National account with conversion value of WDI
[2] Country official data
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Socio Economic Content
NDC Target Content
ASEAN Centre for Energy (ACE) is an intergovernmental organisation within ASEAN structure that represents the 10 ASEAN Member States’ (AMS) interests in the energy sector.
