Central & SE Asia / Australasia

Singapore flag
Summary | Profile

Country profile: Singapore

Location: Southeastern Asia, islands between Malaysia and Indonesia
Climate: tropical; hot, humid, rainy; two distinct monsoon seasons - Northeastern monsoon (December to March) and Southwestern monsoon (June to September); inter-monsoon - frequent afternoon and early evening thunderstorms
Terrain: lowland; gently undulating central plateau contains water catchment area and nature preserve
Size: 693 sq. km total (Land area: 683 sq. km  Water area: 10 sq.km)
Population: 4,608,167 (July 2008 est.)
Languages: Mandarin 35%, English 23%, Malay 14.1%, Hokkien 11.4%, Cantonese 5.7%, Teochew 4.9%, Tamil 3.2%, other Chinese dialects 1.8%, other 0.9% (2000 census)
Government: parliamentary republic
Capital city: Singapore
Legal system: based on English common law; has not accepted compulsory ICJ jurisdiction
Currency: Singapore dollar (SGD)

Country profile

Singapore’s strategic location at the entrance to the Strait of Malacca , through which roughly one-third of global sea commerce passes each year, has helped it become one of the most important shipping centers in Asia. The Port of Singapore, one of the world's busiest in terms of shipping tonnage, is a key component of Singapore’s prosperity and economic health. Singapore is also a leader in new biotechnologies, petroleum refining, and the manufacture of computer components. Recognizing that Singapore’s future growth depends on overcoming energy resource limitations and a small domestic market, the government of Singapore has vigorously encouraged local firms to regionalize their operations and to invest abroad.

The government also has undertaken efforts to attract additional foreign investors to Singapore. China , India , and the fellow Association of Southeast Asian Nations (ASEAN) have been identified as priority countries in Singapore's regionalization drive. During his May 2003 visit to Washington, Former Prime Minister Goh Chok Tong signed a Free Trade Agreement, which came into effect on January 1, 2004, as well as a Memorandum of Intent of Cooperation in Environmental Matters. Trade between Singapore and the United States traditionally has been strong.

The United States is Singapore's second largest trading partner, and Singapore is the United State's eleventh largest export market, receiving $20.6 billion in U.S. exports in 2005. Singapore's economy has recovered from the lingering effects of the 2001-2003 global recession and an outbreak of Severe Acute Respiratory Syndrome (SARS) in 2003 that curbed tourism and consumer spending. In 2005, Singapore’s real gross domestic product (GDP) grew at a rate of 6.4 percent, lower than the 8.4 percent rate in 2004. Economic forecasts suggest Singapore’s real GDP will grow at 5.3 percent in 2006 and 4.9 percent in 2007.

Energy production and consumption

Oil Gas
Production: 9,836 bbl/day (2005 est.)  
Consumption: 802,000 bbl/day (2005 est.) 6 billion cu m (2006 est.)
Exports: 1 million bbl/day (2004)  
Imports: 1 million bbl/day (2004) 6 billion cu m (2006 est.)
Major fields:

Singapore - recent news

13 May 24
Singapore: Shell to sell interest in Singapore Energy and Chemicals Park to CAPGC
Shell Singapore, a subsidiary of Shell, has reached an agreement to sell its Energy and Chemicals Park in Singapore to CAPGC, a joint venture company between Chandra Asri Capital and Glencore Asian Holdings. The transaction will transfer all of Shell’s interest in Shell Energy and Chemicals Park Singapore to CAPGC.
29 Apr 24
NTU Singapore, ExxonMobil and A-STAR launch S$60 million corporate lab for low carbon solutions
ExxonMobil Technology and Engineering Company (ExxonMobil), Nanyang Technological University, Singapore (NTU Singapore), and the Agency for Science, Technology and Research (A-STAR) have established the ExxonMobil-NTU-A-STAR Corporate Lab to develop solutions that would help lower carbon emissions, contribute to resource efficiency, and help build a more sustainable future.
17 Apr 24
Singapore: Seatrium and A*STAR join forces to explore new energies and AI in Offshore and Marine applications
Seatrium, a leading engineering solutions provider to the global offshore and marine industry, and Singapore’s Agency for Science, Technology and Research (A*STAR) have signed a Memorandum of Understanding (MoU) to explore research opportunities in new energies and artificial intelligence (AI) to develop innovative products and engineering solutions for the Offshore and Marine (O&M) sector.
29 Feb 24
Singapore: TotalEnergies to supply Sembcorp with 0.8 Mtpa of LNG for 16 Years
TotalEnergies has signed a sale and purchase agreement (SPA) with Sembcorp Fuels, a wholly owned subsidiary of Singapore-based Sembcorp Industries. The deal entails the delivery of up to 0.8 million tons of liquefied natural gas (LNG) per annum (Mtpa) for a duration of sixteen years, commencing in 2027. The LNG will be sourced from TotalEnergies’ global portfolio.
26 Sep 22
Singapore: Air Liquide, Chevron, Keppel Infrastructure, and PetroChina sign MoU to form a consortium to explore CCUS solutions in Singapore
Air Liquide, Chevron, Keppel Infrastructure, and PetroChina have signed a Memorandum of Understanding (MoU) to form a consortium which will aim to evaluate and advance the development of large-scale carbon capture, utilization, and sequestration (CCUS) solutions and integrated infrastructure in Singapore.

Singapore - more news

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