3.3 petroleum and natural gas Singapore is the world's top three oil refinery from Rotterdam in the Netherlands, the United States, and Houston in Singapore can have on average 1.3 million oil refined barrel per day, and the Government expects Singapore to Singapore can be refined up to 30 million barrel. A day in the year of 2573The major oil refining company, ExxonMobil, is capable of a maximum distillation 605000 barrel per day, including Royal Dutch Shell also 458000 barrel/day and the Singapore Petroleum Company (SPC) 273600 barrel/day.It is worth noting that Singapore, which has no domestic sources of crude oil! But it is an important oil refining Centre in the world. This is because of the location, because Singapore is on the peninsula of Malacca. Between the ocean and the Ocean Pacific India There is also a deep sea port is a hub of marine transportation. Regulations permitting to continue business. Available utilities, and skilled workers, Singapore has become a major oil trading sources. However, Singapore is also faced with the challenge of becoming a leader in Asia's oil trade in the future because many countries such as Malaysia and Thailand India built a new oil refinery to import oil from abroad, including from Singapore.For natural gas the entire Singapore imported natural gas from Indonesia and Malaysia. For use in power generation and petrochemical natural gas year 2547 (2004) Singapore, 273 billion cubic feet more than 6 times higher compared to last year, where only 41 2545 (2002) billion cubic feet. Note that the use of natural gas of Singapore increased rapidly because the Government is promoting the use of natural gas instead of fuel, other. To reduce the spread of carbon oxide and sulfur, as well as creating energy security and support Singapore as a regional gas hub. However, Singapore's Government is trying to reduce reliance on natural gas from Indonesia and Malaysia by using more LNG gas because there are many countries can produce. In addition, there are also advantages of LNG is relatively stable prices than gas because the LNG trading contract as a long-term contract is different from the typical natural gas, which is related to the price of oil. The Government plans to build Liquefied Natural Gas Import Terminal, which is expected to be achieved in the year 2555 (2012)
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