Singapore oil-storage demand drives area plans
The strength of the Singapore oil-supply hub has led to the firming-up of refinery and terminal plans close by in southern Malaysia
Singapore's oil traders and storage terminal operators did not exactly shrug-off the world’s economic difficulties, but they felt less pain than most. Flows through the Singapore hub have continued to grow, although traders say margins have been trimmed, while storage fees have increased. But Singapore’s strength has given confidence to the backers of plans for competing oil installations in Johor, the southernmost state of Malaysia, separated from Singapore only by the narrow Johor Strait. In May, state-owned Petronas firmed-up its plan to build a world-scale refinery and petrochemicals complex in southern Johor, with a start-up target of end-2016. The refinery will have a capacity of 300,0
Also in this section
13 March 2026
Brussels is again weighing a cap on gas prices amid the Hormuz crisis, but the measure could backfire by deterring the LNG cargoes Europe urgently needs
12 March 2026
Emergency oil stocks provide a last line of defence to oil market shocks, so the IEA’s unprecedented 400m bl release represents something of a double-edged sword
12 March 2026
LPG could rapidly expand access to clean cooking across Africa and prevent hundreds of thousands of deaths from indoor air pollution each year, but infrastructure shortages and regulatory barriers are slowing investment and market growth
11 March 2026
Missiles over Dubai and disruption in Hormuz are testing the emirate’s reputation—and shaking the energy hub at the centre of the Gulf economy
