Key View
- Singapore’s LNG imports are set to rise as the country prepares to build a second import terminal.
- LNG demand is set to grow further in 2024 and beyond as Singapore’s government seeks to achieve carbon emission reduction targets.
- LNG bunker sales in the short term are expected to grow faster compared to other sectors.
- Given its well-established status as a global oil trading and shipping centre, Singapore is well-positioned to become a two-way LNG trading hub.
