3.3 Petroleum and natural gas
refining center, Singapore is ranked third in the world after Houston and Rotterdam in the Netherlands in the United States. Singapore refinery has averaged 1.3 million barrels per day. And Singapore government expects Singapore will be able refinery to 30 million barrels per day in 2573 oil refinery is ExxonMobil is capable of refining up to 605,000 barrels / day, followed by Royal Dutch Shell 458,000 barrels /. and Singapore Petroleum Company (SPC) 273,600 barrel / day is to be noted that Singapore, which has no oil in it. It could be the center of the world's major oil refining. This is because of the advantage of its location. Because Singapore is on a peninsula of Malacca Which is sandwiched between the Indian Ocean and the Pacific Ocean also has a deep water port. It is a hub of maritime transport. Regulations conducive to business presents a good infrastructure and skilled workers. As a result, Singapore has become a major source of oil trading in Singapore, however, is faced with the challenge of leading the oil trade in Asia in the future. Because many countries such as India, Malaysia and Thailand to build new refineries. To reduce oil imports from abroad, including from Singapore for natural gas. Singapore imported natural gas from Indonesia and Malaysia. For use in the production of electricity, natural gas and petrochemical industries in Singapore in 2547 were 273 Bcf higher than six times compared with the year 2545 used only 41 billion cubic feet. Because of the use of natural gas in Singapore increased sharply. As the government promotes the use of natural gas instead of other fuels. To reduce the spread of carbon dioxide and sulfur. Including creating energy security. And support to Singapore as a hub of regional gas pipeline , however. The Singapore government is trying to reduce dependence on natural gas from Indonesia and Malaysia. Gas, LNG and turn to the more because there are many countries have also LNG has many advantages over natural gas prices relatively stable. Because LNG sales contracts will be a long-term contract. Unlike natural gas, which is correlated to oil prices, the government plans to build a Liquefied Natural Gas Import Terminal, which is expected to be completed in 2555.
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