Singapore Power Report 2016 - Business Monitor International - Industry Reports

Singapore Power Report 2016

Singapore Power Report 2016 - Business Monitor International - Industry Reports
Singapore Power Report 2016
Published Sep 24, 2016
53 pages — Published Sep 24, 2016
Price US$ 1,295.00  |  Buy this Report Now

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Abstract:

Over the past few years, Singapore s power sector has witnessed both expansion and consolidation, and additional developments are expected in the coming years. In an attempt to reposition themselves in a more competitive wholesale market, almost all of the large incumbent power generators have undergone repowering exercises and moved almost exclusively towards combined cycle gas turbine plants for power - with more than -- of Singapore s electricity currently fuelled by piped natural gas. ...Over the past few years, Singapore s power sector has witnessed both expansion and consolidation, and additional developments are expected in the coming years. In an attempt to reposition themselves in a more competitive wholesale market, almost all of the large incumbent power generators have undergone repowering exercises and moved almost exclusively towards combined cycle gas turbine plants for power - with more than -- of Singapore s electricity currently fuelled by piped natural gas. The country is investing heavily in liquefied natural gas (LNG) in an attempt to diversify the country s energy sources and reduce its reliance on piped gas from Malaysia and Indonesia which currently accounts for more than -- of the electricity generated in Singapore. ...According to our estimates, the country had an installed power capacity of --.-GW as of the end of ----, with conventional thermal (largely gas) contributing --.- of the total generating capacity. Singapore s power companies use natural gas as their major fuel source, and the completion of Singapore s first power plant to be fully fuelled by LNG is a major step forward in the country s quest for energy

...BMI View: While other thermal sources - mainly oil - play a role, most of Singapore s electricity is generated from natural gas. From this perspective it should be noted that the country plans to fuel additional capacity with LNG. ...BMI View: While other thermal sources - mainly oil - play a role, most of Singapore s electricity is generated from natural gas. From this perspective it should be noted that the country plans to fuel additional capacity with LNG. Similarly, Singapore is one of the leaders in renewable energy in the region. Yet feedstock constraints weigh on the overall development of renewable capacity. Given the demands of Singapore s energy-intensive industry sector and the existing project pipeline, BMI thus believes that the country will continue to rely upon thermal sources of energy over the forecast period, while it will go some way to minimising the risks associated with energy - particularly gas - imports.

...Increasing dependency on imported gas makes Singapore vulnerable to supply disruptions and price volatility. Singapore is a densely populated island with high electricity consumption demands and little spare land to develop new power generation plants and aspire to energy independence. ...

  
Source:
Document ID
1754-4238
Country
Industry
Format:
PDF Adobe Acrobat
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Business Monitor International - Industry Reports—Established in 1984, Business Monitor International is a leading online publisher of specialist business information on global emerging markets. Business Monitor's range of quarterly services covers political risk, finance, macroeconomic performance, outlook and forecast, industry sectors and the business operating environment. Each Industry Report has been researched at source, and features latest-available data covering production, sales, imports and exports; 5-year industry forecasts through end-2012; company rankings and competitive landscapes for multinational and local manufacturers and suppliers; and analysis of latest industry developments, trends and regulatory changes.

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MLA:
Business Monitor International - Industry Reports. "Singapore Power Report 2016" Sep 24, 2016. Alacra Store. Dec 05, 2016. <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Power-Report-2016-2026-777>
  
APA:
Business Monitor International - Industry Reports. (2016). Singapore Power Report 2016 Sep 24, 2016. New York, NY: Alacra Store. Retrieved Dec 05, 2016 from <http://www.alacrastore.com/storecontent/Business-Monitor-International-Industry-Reports/Singapore-Power-Report-2016-2026-777>
  
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