Commodity market report
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48 Pages

Malaysia gas and LNG: 2016 long-term regional outlook

Malaysia gas and LNG: 2016 long-term regional outlook

Report summary

Domestic supply projects continue to progress. Additional gas from the North Malay basin and MTJDA B17 has started supplying the gas market in Peninsular Malaysia. In East Malaysia, the Sabah-Sarawak gas pipeline resumed operations in early 2016, delivering gas from Sabah to Bintulu LNG. The MLNG Train 9 and PETRONAS FLNG 1 projects are progressing as planned, targeting late-2016 start-up. We expect LNG output to be maintained at 32 mmtpa in the long term.

On the demand side, Peninsular Malaysia's power sector is shifting toward coal, causing a drop in gas demand for power in the short to medium term. The RAPID integrated industrial projects will help offset this decline.

In June 2016, the Malaysian parliament approved the Gas Supply (Amendment) Act 2016, allowing third party access (TPA) to be implemented. This will introduce competition in the LNG import sector. Gas price reform continue to progress, with another price increment for TNB and Gas Malaysia in July 2016.

What's included?

This report includes 3 file(s)

  • Malaysia gas and LNG: 2016 long-term regional outlook PDF - 3.96 MB 48 Pages, 12 Tables, 30 Figures
  • Malaysia LNG Data.xls XLS - 562.50 KB
  • Malaysia Gas Data.xls XLS - 980.00 KB


Volatility in oil markets and the growth of unconventional gas supply have created a high degree of uncertainty about future gas demand and the direction of gas prices.

This Gas Markets Long Term Outlook report forecasts future pricing, based on deep analysis of gas supply and demand fundamentals. Additionally, it addresses complex questions on gas flows, identifies future opportunities and informs fuel purchasing strategies.

Participants and investors can use this long term outlook report to understand gas markets and assess the impact of global gas dynamics and key market drivers.

Wood Mackenzie provides detailed supply, demand and price forecasts based on our integrated upstream, power, coal and LNG research. Our regional gas experts are based in the markets they analyse, providing comprehensive analyses of regional and global gas markets.

If you want to understand complex gas market dynamics and plan for the future, Wood Mackenzie is the premier resource to help you gain a clear, competitive advantage.

  • Executive summary
    • Market overview
    • The Malaysian parliament approved third party access
    • Upside on domestic supply availability
    • No growth in Peninsular Malaysia's gas demand
    • Oversupply situation through to 2022
    • Domestic gas prices are moving closer to market benchmark
    • Data summary
      • Malaysia gas demand by sector
      • Malaysia gas demand by region
      • Malaysia gas market balance
      • Key changes to analysis from H2 2015 publication
  • Economic outlook
    • GDP forecast - Malaysia
    • Economic Indicators
  • Policy and regulation
    • Energy policy
      • Key stakeholders
      • Malaysia's energy policy and regulatory structure
      • Peninsular Malaysia gas market value chain*
      • Policy drivers
      • Gas market
      • Fuel mix
      • Pricing
      • Major energy legislation
    • Gas market regulation
      • Upstream
      • Transmission
      • Distribution
      • LNG trading incentives
  • Key companies
    • Upstream
    • Midstream / downstream
      • PETRONAS Gas
      • Gas Malaysia
  • Supply
    • Total potential gas supply available - Malaysia
  • Infrastructure
    • Gas maps
      • Peninsular Malaysia
      • Sabah
      • Sarawak
    • Gas infrastructure – existing
      • Offshore
      • Onshore
      • Transport Tariffs
    • Gas infrastructure – under development and proposed
      • Offshore Peninsular Pipeline Infrastructure
      • Peninsular GPPs Expansion
      • Sabah to Sarawak Gas Pipeline
    • LNG infrastructure
    • Appendix
    • Further details on gas infrastructure can be found in the Malaysia Gas Data.xls excel sheet, Appendix - Gas Infrastructure tab under the download section.
  • Demand
    • Peninsular Malaysia gas demand
  • Supply-demand balances
    • Peninsular Malaysia gas balance
      • Peninsular Malaysia gas market balance
    • Sabah gas balance
      • Sabah gas market balance
    • Sarawak gas balance
      • Sarawak balance
  • LNG
    • LNG supply
      • Domestic volumes
        • Bintulu LNG
        • Sarawak FLNG 1
        • Sabah FLNG 2
      • International supply
    • LNG demand
      • Historical consumption
        • Monthly seasonality
      • Future outlook
        • Malaysia LNG demand outlook
        • LNG supply-demand balance
          • Malaysia LNG supply - demand balance outlook
        • LNG prices
          • International volumes
          • Bintulu export prices
            • LNG contract prices*
            • LNG regas infrastructure
              • Existing projects
              • Proposed and under development projects
  • Prices
    • Current gas pricing trends

In this report there are 42 tables or charts, including:

  • Executive summary
    • Executive summary: Image 1
    • Executive summary: Table 1
    • Executive summary: Table 2
    • Executive summary: Table 3
    • Executive summary: Table 4
  • Economic outlook
    • Economic outlook: Image 1
    • Economic outlook: Table 1
  • Policy and regulation
    • Policy and regulation: Image 1
    • Policy and regulation: Image 2
    • Policy and regulation: Table 1
  • Key companies
    • Malaysia gas reserves – top 20 reserve holders*
    • PETRONAS key financial figures
    • Split of revenues by segment (2015)
  • Supply
    • Supply: Image 1
    • Potential gas supply available - Peninsular Malaysia*
    • Potential gas supply available - Sabah and Sarawak*
  • Infrastructure
    • Peninsular Malaysia gas pipelines and fields
    • Sabah gas pipelines and fields
    • Sarawak gas pipelines and fields
  • Demand
    • Peninsular Malaysia total gas demand
    • Demand: Table 1
    • Demand: Table 2
    • Demand: Table 3
    • Demand: Table 4
    • Demand: Table 5
    • Demand: Table 6
  • Supply-demand balances
    • Local supply demand gap
    • Peninsular Malaysia balance
    • Gas separation plant output
    • Local supply demand gap
    • Supply-demand balances: Image 5
    • Local supply demand gap
    • Sarawak balance
    • Supply-demand balances: Image 8
  • LNG
    • Bintulu LNG and FLNGs*
    • LNG: Image 2
    • LNG: Image 3
    • LNG: Image 4
    • LNG: Image 5
  • Prices
    • Malaysia wholesale gas prices
    • Wellhead gas price in Peninsular (2016)
    • Wellhead gas price in Sabah and Sarawak (2016)
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