Business Monitor International


Malaysia Oil & Gas Report

Published 17 December 2014

  • 167 pages
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$1,295.00
Malaysia Oil & Gas Report

BMI View : Malaysia is a stable oil and gas producer. Over the next 10 years, it will see its oil production decline as new fields fail to offset declining production. The government lifting the subsidies for diesel and petrol will also see consumption of oil products grow at a slower pace than forecasted in the previous report, although expansion of the refining capacity towards the end of the forecast period will see oil demand grown exponentially. Gas production is set to grow gradually over the forecast period.

Headline Forecasts (Malaysia 2012-2018)
2012 2013 2014f 2015f 2016f 2017f 2018f
Crude, NGPL & other liquids prod, 000b/d 622.2 610.0 616.9 620.4 616.6 612.8 608.6
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
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 562.1 655.4 665.3 675.3 685.4 695.8 706.2
f = forecast. Source: National sources, 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.

  • The rising cost of projects in Malaysia, as project types increasingly move towards more difficult developments such as deepwater and enhanced oil recovery (EOR), could see the NOC scale back project sizes in Malaysia.

  • 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...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Oil & Gas Reserves
10
Table: Malaysia Proven Oil and Gas Reserves and Total Petroleum Production, 2012-2017
10
Table: Malaysia Proven Oil and Gas Reserves and Total Petroleum Data
11
Table: Major Discoveries In Malaysia Since 2011
16
Table: Blocks Offered In The Petronas Licensing Round 2014
18
Oil Supply And Demand
18
Table: Malaysia Oil Production and Net Exports, 2012-2017
18
Table: Malaysia Oil Production and Net Exports, 2018-2023
19
Gas Supply And Demand
23
Table: Malaysia Gas Production, Consumption & Net Exports
23
Table: Malaysia Gas Production, Consumption & Net Exports
24
Refining And Oil Products Trade
30
Table: Malaysia Refining - Production & Consumption
30
Table: Malaysia Refining - Production & Consumption
31
Revenues/Imports Costs
32
Key Risks To BMI's Forecast Scenario
32
Industry Risk Reward Ratings
33
Asia - Risk/Reward Ratings
33
Table: Asia's Oil & Gas Risk/Reward Ratings
34
The Upstream Leaders
34
Resource-Rich Countries Hit By State Involvement
37
Table: Asia Upstream Sector Risk/Reward Ratings
39
Downstream Support
39
Table: Asia O&G Downstream Risk/Reward Ratings
44
Malaysia - Risk/Reward Ratings
45
Malaysia Upstream Rating - Overview
45
Malaysia Upstream Rating - Rewards
45
Malaysia Upstream Rating - Risks
45
Malaysia Downstream Rating - Overview
45
Market Overview
46
Malaysia Energy Market Overview
46
Overview/State Role
47
Licensing And Regulation
47
Government Policy
48
International Energy Relations
49
Oil And Gas Infrastructure
52
Oil Refineries
52
Table: Refineries In Malaysia
52
Oil Storage Facilities
56
Table: Oil Storage Facilities In Malaysia
57
Oil Terminals/Ports
59
Oil Pipelines
59
LNG Liquefaction Terminals
61
Table: Malaysia LNG Liquefaction Terminals
61
LNG Import Terminals
62
Table: Malaysia LNG Regasification Facilities
62
Gas Pipelines
63
Competitive Landscape
65
Competitive Landscape Summary
65
Table: Key Players - Malaysian Energy Sector
66
Company Profile
67
Petronas
67
ExxonMobil
77
Shell
80
ConocoPhillips
85
Murphy Oil
89
Other Summaries
93
Regional Overview
97
Asia Overview
97
The World's Largest Oil Guzzler
97
Tightening In The Downstream
101
Gas Market Potential Set To Outshine Oil
105
A Hot Market For LNG
109
The Centre Of The LNG Price Debate
112
Global Industry Overview
114
Global Energy Market Overview
114
OPEC Reconsiders Modus Operandi
116
Production Outages Look Likely To Persist
117
Global Oil Demand Picks Up
118
Capex Growth Cycle Shifting Gears
120
Table: BMI Oil Price Forecasts, Annual Average, USD/bbl
120
Appendix
123
Asia - Regional Appendix
123
Table: Oil Consumption - Historical Data & Forecasts, 2011-2018 ('000b/d)
123
Table: Oil Consumption - Long-Term Forecasts, 2015-2023 ('000b/d)
124
Table: Oil Production - Historical Data & Forecasts, 2011-2018 ('000b/d)
125
Table: Oil Production - Long-Term Forecasts, 2015-2023 ('000b/d)
125
Table: Refining Capacity - Historical Data & Forecasts, 2011-2018 ('000b/d)
126
Table: Refining Capacity - Long-Term Forecasts, 2015-2023 ('000b/d)
127
Table: Gas Production - Historical Data & Forecasts, 2011-2018 (bcm)
128
Table: Gas Production - Long-Term Forecasts, 2015-2023 (bcm)
129
Table: Gas Consumption - Historical Data & Forecasts, 2011-2018 (bcm)
130
Table: Gas Consumption - Long-Term Forecasts, 2015-2023 (bcm)
130
Table: LNG Exports - Historical Data & Forecasts, 2011-2018 (bcm)
131
Table: Net LNG Exports - Long-Term Forecasts, 2015-2023 (bcm)
132
Malaysia - Refined Products Breakdown, 10-year Forecast
134
Table: Refined Petroleum Products, Production Breakdown, 2012-2017
134
Table: Refined Petroleum Products, Production Breakdown, 2018-2023
135
Table: Malaysia Refined Petroleum Products, Consumption Breakdown, 2012-2017
136
Table: Malaysia Refined Petroleum Products, Consumption Breakdown, 2018-2023
138
Table: Malaysia Refined Petroleum Products, Net Exports Breakdown, 2012-2017
139
Table: Malaysia Refined Petroleum Products, Net Exports Breakdown, 2018-2023
140
Glossary
142
Table: Glossary Of Terms
142
Methodology
144
Industry Forecast Methodology
144
Source
146
Risk/Reward Ratings Methodology
146
Table: Bmi's Oil & Gas Upstream Risk/Reward Ratings
148
Table: Weighting
149

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.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the upstream and downstream sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecast:

  • Pricing: Oil price (USD/bbl, WTI, Brent, OPEC basket, Urals); oil products prices (unleaded gasoline, gasoil/diesel, jet/kerosene – USD/bbl) at global hubs.
  • Production, Consumption, Capacity & Reserves: Proven oil reserves (bn barrels), production, consumption, refinery capacity and throughputs (‘000b/d); proven gas reserves (tcm), production and consumption (bcm) and fuels trade.
  • Imports & Exports: Crude oil exports/imports (‘000s b/d) and value of crude oil trade in USD. Fuels exports/imports (‘000s b/d) and value of fuels trade in USD. Natural gas imports/exports (bcm), by pipeline and/or LNG, and value of natural gas trade.

BMI’s Oil & Gas Risk Reward Index

BMI’s Risk Reward Indices provide investors (independents, NOCs, IOCs, oil services companies) looking for opportunities in the region with a clear country-comparative assessment of the upstream and downstream market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

A profile of the upstream and downstream sectors, including analysis of reserves, output, consumption and trade of energy products; overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Competitive landscape

Comparative company analyses by USD 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.

Regional Overview

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

Global Oil Market & 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-2024 for oil, gas and oil products.

Sources

The Oil & gas Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

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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