Singapore LNG and Advanced Energy
With limited land and no domestic fossil fuel resources, Singapore relies on imported natural gas—primarily LNG from Australia, Qatar, and the United States—to generate approximately 95% of its electricity. As electricity demand grows alongside industrial expansion and digitalization, Singapore is pursuing a more diversified and resilient energy mix, which creates opportunities for U.S. companies supplying LNG, grid technologies, subsea cables, and other advanced energy solutions.
Singapore has identified four key “switches” for its future electricity supply: natural gas, solar, regional power grid imports, and low-carbon alternatives such as hydrogen, geothermal, and potentially nuclear energy. However, Singapore’s space limitations, geopolitical considerations, and supply chain risks remain significant challenges to the deployment of many renewable energy technologies, including wind, hydropower, and wave energy.
As part of its long-term energy strategy, Singapore continues to rely on natural gas as a critical transition fuel while expanding investments in hydrogen, regional electricity imports, and other low-carbon technologies. In April 2025, the government established Singapore GasCo to centralize global natural gas and LNG procurement and negotiate longer-term supply contracts aimed at improving price stability and supply security. Singapore’s interest in diversifying LNG suppliers and securing reliable long-term supplies creates additional opportunities for U.S. LNG producers, exporters, and related service providers.
Hydrogen is projected to supply up to 50% of Singapore’s electricity needs by 2050, prompting the country to develop advanced combined-cycle gas turbine (CCGT) power plants that are compatible with hydrogen. This transition presents opportunities for U.S. suppliers of high-efficiency CCGT equipment, components, and related technologies.
Singapore is also expanding regional electricity imports through cross-border interconnections. As a founding member of the ASEAN Power Grid initiative, the country is advancing cross-border electricity projects, although implementation delays remain. Expanding regional electricity trade will require significant investments in subsea power cables, transmission infrastructure, and related equipment, creating additional opportunities for U.S. companies.
For more information and to learn more about Singapore’s opportunities, please contact Commercial Specialist CHAN Y K at the U.S. Commercial Service Singapore.