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
23 April 2026
The addition of an oil pipeline to the Power of Siberia 2 gas project could ensure deliveries of Russian oil to China, materially shorten logistics lines between West Siberia and final customers, and—amid disruption in the Strait of Hormuz—offer a land-based export route that reduces exposure to maritime chokepoints
23 April 2026
There is a clear push to bolster exports to Asia amid uncertainty around its North American neighbour, but there are limits to the benefits from the energy crisis
23 April 2026
Shell made the play-opening discovery in Namibia’s Orange basin back in 2022, but its next well could decide whether the project can actually be commercialised
22 April 2026
The failure of OMV Petrom’s keenly watched exploration campaign at Bulgaria’s Han Asparuh block highlights the Black Sea’s uneven track record, despite major successes like Neptun Deep and Sakarya
