Over the last decades, yeast has become a key model organism for the study of lipid biochemistry. Because the regulation of lipids has been closely linked to various physiopathologies, the study of these biomolecules could lead to new diagnostics and treatments. Before the field can reach this point, however, sufficient tools for integrating and analyzing the ever-growing availability of lipidomics data will need to be developed. To this end, genome-scale models (GEMs) of metabolic networks are useful tools, though their large size and complexity introduces too much uncertainty in the accuracy of predicted outcomes. Ideally, therefore, a model for studying lipids would contain only the pathways required for the proper analysis of these biomolecules, but would not be an ad hoc reduction. We hereby present a metabolic model that focuses on lipid metabolism constructed through the integration of detailed lipid pathways into an already existing GEM of Saccharomyces cerevisiae. Our model was then systematically reduced around the subsystems defined by these pathways to provide a more manageable model size for complex studies. We show that this model is as consistent and inclusive as other yeast GEMs regarding the focus and detail on the lipid metabolism, and can be used as a scaffold for integrating lipidomics data to improve predictions in studies of lipid-related biological functions.