1.250
%
Positive
34
mm boe
0
%
Despite an active hydrocarbon framework, Singapore's role in O&G is principally as a corporate domicile and trading hub rather than a host government. It remains one of the world's lowest-risk jurisdictions. Outlook maintained because its stable, low-risk environment is unchanged. Outlook: Positive. Risk premia unchanged at 1.25%.
October 7, 2026
Asia - South East
mm bbl
bcf
Southeastern Asia, islands between Malaysia and Indonesia.
Concession
Singapore has a corporate income tax (CIT) regime that is applicable across all industries. There is no separate fiscal regime for companies in the energy industry.
Prime Minister Lawrence Wong's PAP won a strong mandate in May 2025. US and UK guidance describe a very low-risk, transparent hub with strong rule of law, while noting high costs, tightening foreign-workforce rules and exposure to US tariffs. Singapore has no hydrocarbon production but is a major refining and oil-trading hub. It relies on piped gas and LNG for power and is developing electricity imports from neighbouring countries.
Source: ESRI, Heritage Index, HMG Foreign & Commonwealth Office, US Department of State, International Trade Administration, International Law Review, Ernst & Young, Wood Makenzie & OGA data.
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