Business Monitor International


Malaysia Oil & Gas Report

Published 02 September 2014

  • 134 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
Malaysia Oil & Gas Report

BMI View : Malaysia is a stable oil and gas producer. Over the next ten-years, it will see larger growth in gas production than in crude oil, though EOR and new deepwater projects will help to support crude oil output. Although RAPID will see an expansion in Malaysia's downstream production, we note that it faces fierce competition from its regional peers. 

Headline Forecasts (Malaysia 2012-2018)
  2012e 2013e 2014f 2015f 2016f 2017f 2018f
Crude, NGPL & other liquids prod, 000b/d 622.2 610.0 616.9 625.6 634.9 643.3 657.9
Refined products production & ethanol, 000b/d 575.2 546.4 551.9 553.0 554.1 555.2 556.3
Refined products consumption & ethanol, 000b/d 562.1 655.4 668.6 681.9 695.6 709.6 723.8
Dry natural gas production, bcm 61.6 62.5 63.5 64.4 65.7 67.0 68.0
Dry natural gas consumption, bcm 30.9 31.5 32.2 32.8 33.5 34.0 34.5
e/f = BMI estimate/forecast. Source: EIA, BMI

Click here to explore data

The main trends and developments we highlight for Malaysia's oil and gas sector are:

  • Gas will be the larger contributor to Malaysia's total hydrocarbons growth over our forecast period.

  • Although Malaysia's LNG market will come under growing pressure from new players such as Australia, Papua New Guinea and the US, it will still be an important supplier to Asia-Pacific.

  • Crude oil production will be supported by enhanced oil recovery (EOR) and marginal field projects in the short-to-medium term, and deepwater developments in the longer term. This is dependent on crude oil prices remaining supportive of project developments.

  • Oil consumption will remain on the uptrend, though we expect fuel subsidy cuts to moderate the rate of oil demand growth. New power projects will also support gas consumption growth, unless further cuts are made to gas subsidies.

  • Despite the construction of the 300,000b/d RAPID refinery,...

Table of Contents

BMI Industry View
9
Table: Headline Forecasts (Malaysia 2012-2018)
9
SWOT
10
Industry Forecast
11
Upstream Exploration
11
Table: Proven Oil and Gas Reserves (Malaysia 2012-2017)
11
Table: Proven Oil and Gas Reserves (Malaysia 2018-2023)
11
Table: Major Discoveries In Malaysia Since 2011
17
Table: Blocks Offered In The Petronas Licensing Round 2014
19
Upstream Projects
20
Table: Malaysia Major Upstream Projects
20
Upstream Production - Oil
23
Table: Oil Production (Malaysia 2012-2017)
23
Table: Oil Production (Malaysia 2018-2023)
23
Upstream Production - Gas
27
Table: Gas Production (Malaysia 2012-2017)
27
Table: Gas Production (Malaysia 2018-2023)
27
Refining
30
Table: Refining Capacity and Refined Products Production (Malaysia 2012-2017)
30
Table: Refining Capacity and Refined Products Production (Malaysia 2018-2023)
30
Refining Capacity
30
Refined Oil Production
32
Refined Fuels Consumption
33
Table: Refined Products Consumption* (Malaysia 2012-2017)
33
Table: Refined Products Consumption* (Malaysia 2018-2023)
33
Gas Consumption
35
Table: Gas Consumption (Malaysia 2012-2017)
35
Table: Gas Consumption (Malaysia 2018-2023)
35
Risks To Outlook
37
Trade - Oil
39
Crude Oil And Other Liquids Trade
39
Table: Crude Oil Net Exports (Malaysia 2012-2017)
39
Table: Crude Oil Net Exports (Malaysia 2018-2023)
39
Trade Partners
40
Refined Oil Trade
42
Table: Refined Fuels Net Exports (Malaysia 2012-2017)
42
Table: Refined Fuels Net Exports (Malaysia 2018-2023)
42
Table: Total Net Oil Exports - Crude and Products (Malaysia 2012-2017)
43
Table: Total Net Oil Exports - Crude and Products (Malaysia 2018-2023)
44
Trade - Gas (Pipeline and LNG)
45
Table: Gas Net Exports (Malaysia 2012-2017)
45
Table: Gas Net Exports (Malaysia 2018-2023)
45
Industry Risk Reward Ratings
50
Asia - Risk/Reward Ratings
50
Table: Asia's Oil & Gas Risk/Reward Ratings
50
Table: Asia Upstream Sector Risk/Reward Ratings
51
Resource-Rich Countries Hit By State Involvement
54
Table: Asia O&G Downstream Risk/Reward Ratings
55
Downstream Support
57
Malaysia - Risk/Reward Ratings
59
Malaysia Upstream Rating - Overview
59
Malaysia Upstream Rating - Rewards
59
Malaysia Upstream Rating - Risks
59
Malaysia Downstream Rating - Overview
59
Market Overview
61
Malaysia Energy Market Overview
61
Overview/State Role
62
Licensing And Regulation
62
Government Policy
63
International Energy Relations
64
Oil And Gas Infrastructure
67
Oil Refineries
67
Table: Refineries In Malaysia
67
Oil Storage Facilities
71
Table: Oil Storage Facilities In Malaysia
71
Oil Terminals/Ports
73
Oil Pipelines
74
LNG Liquefaction Terminals
75
Table: Malaysia LNG Liquefaction Terminals
75
LNG Import Terminals
76
Table: Malaysia LNG Regasification Facilities
76
Gas Pipelines
77
Competitive Landscape
79
Competitive Landscape Summary
79
Table: Key Players - Malaysian Energy Sector
80
Company Profile
81
Petronas
81
ExxonMobil
91
Shell
95
ConocoPhillips
101
Murphy Oil
105
Other Summaries
109
Regional Overview
113
Asia Overview
113
Slower Oil Consumption Growth
113
Significant Oil Importer Still
115
Tightening In The Downstream
117
Gas Demand Growth To Outshine Oil
120
Gas Production And Export Rise
120
Asia To Absorb Gas Export Growth
122
A Hot Market For LNG
124
Strategies To Lower LNG Prices
127
Sino-Russian Gas Deal Promises Softer Prices
128
Global Industry Overview
129
Global Energy Market Overview
129
Appendix
135
Asia - Regional Appendix
135
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
135
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
136
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
137
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
137
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
138
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
139
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
140
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
141
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
142
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
142
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
143
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
144
Malaysia - Refined Products Breakdown, 10-year Forecast
146
Table: Refined Petroleum Products, Production Breakdown (Malaysia 2012-2017)
146
Table: Refined Petroleum Products, Production Breakdown (Malaysia 2018-2023)
147
Table: Refined Petroleum Products, Consumption Breakdown (Malaysia 2012-2017)
148
Table: Refined Petroleum Products, Consumption Breakdown (Malaysia 2018-2023)
149
Table: Refined Petroleum Products, Net Exports Breakdown (Malaysia 2012-2017)
150
Table: Refined Petroleum Products, Net Exports Breakdown (Malaysia 2018-2023)
151
Table: LPG Production, Consumption and Net Exports (Malaysia 2012-2017)
152
Table: LPG Production, Consumption and Net Exports (Malaysia 2018-2023)
152
Malaysia - Total Hydrocarbons, 10-year Forecasts
153
Table: Total Hydrocarbons Production, Consumption and Net Exports (Malaysia 2012-2017)
153
Table: Total Hydrocarbons Production, Consumption and Net Exports (Malaysia 2018-2023)
153
Global - Crude Oil, Refined Fuels And Natural Gas Prices, 10-year Forecasts
154
Table: Energy Price Forecasts, 2012-2017
154
Table: Energy Price Forecasts, 2018-2023
155
Glossary
157
Table: Glossary Of Terms
157
Methodology
159
Industry Forecast Methodology
159
Source
161
Risk/Reward Ratings Methodology
161
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
163
Table: Weighting
164

The Malaysia Oil & Gas Report has been researched at source and features Business Monitor International (BMI)'s independent forecasts for Malaysia including major indicators for oil, gas and LNG, covering all major indicators including reserves, production, consumption, refining capacity, prices, export volumes and values. The report includes full analysis of industry trends and prospects, national and multinational companies and changes in the regulatory environment.

BMI's Malaysia Oil & Gas Report provides professionals, consultancies, government departments, regulatory bodies and researchers with independent forecasts and competitive intelligence on the Malaysian oil and gas industry.

Key Benefits

  • Benchmark BMI's independent oil and gas industry forecasts for Malaysia to test consensus views - a key input for successful budgeting and strategic business planning in the Malaysian oil and gas market.
  • Target business opportunities and risks in the Malaysian oil and gas sector through reviews of latest industry trends, regulatory changes and major deals, projects and investments in Malaysia.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity) and Competitive Landscape Tables.

Coverage

BMI Industry View

Summary of BMI's key forecasts and industry analysis, covering oil and gas reserves, supply, demand and refining, plus analysis of landmark company developments and key changes in the regulatory environment.

Regional Overview

Regional perspective on size and value of industry sector; comparative rankings by production, refining, imports and exports of oil, gas and LNG.

Business Environment Rankings

BMI's Oil and Gas Business Environment Rankings provide a country-comparative Risk-Reward Rankings index aimed at investors (independents, NOCs, IOCs and oil services companies) in the upstream and downstream markets.

The rankings methodology makes sophisticated use of more than 40 industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

Oil Market Outlook and Oil Products Outlook

Based on our country coverage of over 99% of global oil and gas production and consumption, BMI provides demand, supply and price forecasts to end-2018 for oil, gas and oil products

BMI Industry Forecasts

Historic data series and forecasts to end-2018 for all key industry indicators (see list below), supported by explicit assumptions, plus analysis of key downside risks to the main forecast, including:

Pricing: Oil price (US$/bbl, WTI, Brent, OPEC basket, Urals); Oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene - US$/bbl) at global hubs

Production, Consumption, Capacity and Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (`000b/d); Proven gas reserves (tcm), production and consumption (bcm)

Imports and Exports: Oil exports/imports (`000b/d), value of oil exports/imports (US$mn - BMI base case); Value of oil exports at constant US$50/bbl and constant US$100/bbl (US$mn); Gas exports/imports (bcm), Value of gas exports/imports (US$mn); Value of gas exports/imports at constant US$50/bbl and US$100/bbl (US$mn); Value of petroleum exports/imports (US$mn); Value of petroleum exports/imports at constant US$50/bbl and US$100/bbl (US$mn)

BMI Macroeconomic Forecasts

BMI forecasts to end-2018 for all headline macroeconomic indicators, including real GDP growth, inflation, fiscal balance, trade balance, current account and external debt.

Competitive Landscape

Comparative company analyses by US$ sales, % share of total sales, number of employees, year established, ownership structure, oil production ('000b/d), gas production (bcm), downstream capacity ('000b/d) and % market share.

Company Profiles

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI's industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate Company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc