Figure 18: Malaysia’s petroleum production and consumption 2002-1016 (thousand barrels per day

Figure 18: Malaysia’s Petroleum Production and Consumption 2002-1016 (thousand barrels per day)

Source: U.S. EIA, 2017

Gas

Malaysia is the third-largest holder of gas reserves in Southeast Asia after Indonesia and Vietnam (Figure 15). It is also the third-largest gas producer in Southeast Asia after Indonesia and Vietnam (Figure 16 & 17). Natural gas accounted for about 41.9% of the country’s total supply (Figure 10) and about 37.5% of the electricity generation in 2016 (Figure 14) (Malaysia Energy Balance 2018).

The PETRONAS LNG Complex in Bintulu, Sarawak, is the world’s largest production facility of liquified natural gas (LNG) at a single location and produces 23 million metric tonnes per year (Malaysia Productivity Corporation 2014). However, domestic consumption is mostly in Peninsular Malaysia, where the main demand is from electric power generation of about 58%. With the current average daily production rate of around 6 bscd, Malaysia’s natural gas resources should last for more than a couple of decades. Figure 19 shows a comparison between the natural gas resources and consumption by region (Enerdata.net 2015; Malaysiangas.com 2014).

Natural gas production and import have increased due to demands from domestic and export. Malaysia is the second-largest natural gas producer after Indonesia in Southeast Asia and the World 16th largest natural gas reserves with a capacity of about 85 tscf. It is also the second-largest exporter of LNG, after Qatar, in the world.

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