Singapore, the premier shipping center in Southeast Asia, was ranked the world's second busiest port in terms of shipping tonnage in 2013. The island-state, with its strategic location in the region, is a significant oil refining and trading hub. It has also become a natural gas player in the region following the start-up of a liquefied natural gas (LNG) import terminal on Jurong Island in 2013. Although Singapore produces no oil and gas, companies based in the country are actively engaged in providing services in support of regional exploration and production activities. Many oilfield service and subsea companies have operations in Singapore, which is home to major offshore and marine firms such as Keppel Corp. and Sembcorp Marine.
Energy or Commodity Trading is the buying and selling of goods, rather than traditional stocks. In oil and gas, these commodities include crude oil, gasoline, heating oil and natural gas. The Energy Trader will take a position on future markets, and buy and sell energy contracts based on forecasted economic trends. The commodity trader will deal predominantly in contracts, moving them on before they mature, meaning actual delivery of the commodity is a rare occurrence.