Question

Why does Singapore have such a large oil and natural gas reserves?

Answer 1

Singapore does not have a large amount of oil and natural gas reserves. In fact, the country is almost entirely reliant on imports for its energy needs. Singapore has limited natural resources, and its geographical location does not lend itself to significant oil or gas reserves. The country has developed into a major refining and trading hub for oil and gas products due to its strategic location in Southeast Asia, excellent infrastructure, and skilled workforce. This has made it a key player in the global energy market despite not having significant domestic reserves.