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