New Market Report: Singapore Power Report 2015

While other thermal sources - mainly oil - play a role, mo st of Singapore's electricity is generated from natural ga s. From this perspective it should be noted that the country plan s to fuel additional capacity with LNG. Similarly, Singapore is one of the leader s in renewable energy in the region. Yet f eedstock constraints weigh on the overall development of renewable capacity . G iven 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.

Singapore is a reasonably attractive market, with customers concentrated in a densely populated area that is well served by existing infrastructure. In addition, Singapore's manufacturing sector is energy-intensive, boosting demand. That said, the overall size of its power market remains modest when compared to the majority of its regional peers. BMI anticipates that Singapore's power generation will see an average 3.32% annual increase to 65.84TWh between 2015 and 2024, with conventional thermal sources expected to remain the dominant fuel for electricity generation over the period.

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As such, we expect gas-fired power generation to climb 3.5% a year between 2015 and 2019, and 4.1% between 2019 and 2024. This will be boosted by the opening of Singapore's first liquefied natural gas (LNG) power plant - which commenced operations in June 2014 - and the expansion of its LNG terminal. Coal-fired power generation plays a small but growing role, while oil's importance will decline over the forecast period as oil sites are converted to gas facilities - such as at Senoko's Steam Plant Stage II.

The Singapore Power Report features BMI Research's market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Singapore Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

* Use BMI's independent industry forecasts for Singapore to test other views - a key input for successful budgeting and strategic planning in the power market.
* Target business opportunities and risks Singapore's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Singapore.
* Assess the activities, strategy and market position of your competitors, partners and clients

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