Greater Singapore could be world's largest oil storage hub
Greater Singapore – Singapore together with new terminals in Malaysia and Indonesia – could increase capacity by a third
Independent oil storage capacity in the Singapore area is seeing unprecedented growth, which could lead to Greater Singapore becoming the world’s largest storage hub. Over 2014 and 2015 new terminals in Malaysia and Indonesia – directly facing the shipping lanes into Singapore – and an expansion in Singapore will have added capacity equivalent to 32% of Singapore’s early-2014 petroleum storage capacity. Plans under study could add an even larger increment a few years later. Some say that construction of so much new capacity in neighbouring countries will attract business away from the Singapore terminals and weaken the hub. But others argue that a growing Greater Singapore will have the capa
Also in this section
18 February 2026
The global gas industry is no longer on the backfoot, hesitantly justifying the value of its product, but has greater confidence in gas remaining a core part of the global energy mix for decades
18 February 2026
With marketable supply unlikely to grow significantly and limited scope for pipeline imports, Brazil is expected to continue relying on LNG to cover supply shortfalls, Ieda Gomes, senior adviser of Brazilian thinktank FGV Energia,
tells Petroleum Economist
17 February 2026
The 25th WPC Energy Congress, taking place in Riyadh, Saudi Arabia from 26–30 April 2026, will bring together leaders from the political, industrial, financial and technology sectors under the unifying theme “Pathways to an Energy Future for All”
17 February 2026
Siemens Energy has been active in the Kingdom for nearly a century, evolving over that time from a project-based foreign supplier to a locally operating multi-national company with its own domestic supply chain and workforce
