Commodity market report
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49 Pages

Malaysia gas and LNG: 2017 long-term regional outlook


Malaysia gas and LNG: 2017 long-term regional outlook

Report summary

Malaysia has implemented third-party access (TPA) in January 2017, following the ratification of the Gas Supply (Amendment) Act 2016 in June 2016. Energy Commission was appointed as the overseer of TPA for the midstream gas infrastructure, setting the tariffs and regulating the access. Under the TPA scheme, uniform postage tariffs of RM 1.248/GJ (US$0.29/mcf) and RM 1.81/mmbtu (US$0.44/mmbtu) apply for the transmission and distribution pipelines, respectively. With the market opening up, new players - apart from PETRONAS Gas and Gas Malaysia - may emerge to participate in seven different segments: LNG importation, shipping, regasification, pipeline transportation, distribution, retail and gas utilisation. Existing players have been given 12 months to obtain relevant licenses for various segments in which they operate.

What's included?

This report includes 3 file(s)

  • Malaysia gas and LNG: 2017 long-term regional outlook PDF - 2.25 MB 49 Pages, 12 Tables, 32 Figures
  • Malaysia Gas Data.xls XLS - 991.50 KB
  • Malaysia LNG Data.xls XLS - 573.00 KB

Description

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
    • Regulation: third-party access in effect since January 2017
    • Supply: upside in Peninsular Malaysia, lower outlook for East Malaysia's LNG production
    • Demand: flat consumption in Peninsular Malaysia, strong outlook for Sabah and Sarawak
    • LNG: PETRONAS completes domestic projects, scraps Pacific Northwest LNG
    • Price: market-based pricing from 2020 onwards
    • Data summary
      • Malaysia gas demand by sector
      • Malaysia gas demand by region
      • Malaysia gas market balance
      • Key changes to analysis from H2 2016 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 and downstream
      • PETRONAS Gas
      • Gas Malaysia
      • Possibility of new players
  • Supply
    • Malaysia gas supply availability
      • Total potential gas supply available - Malaysia
    • Peninsular Malaysia gas supply availability
      • Contracted supply potential
      • Uncontracted supply potential
      • Yet-to-find potential
    • Sabah and Sarawak gas supply availability
      • Contracted supply potential
      • Uncontracted supply potential
      • Yet-to-find supply potential
  • Infrastructure
    • Gas maps
      • Peninsular Malaysia
      • Sabah
      • Sarawak
    • Gas infrastructure – existing
      • Offshore
      • Onshore
      • Transport tariffs
    • Gas infrastructure – recent developments and proposed
      • Offshore Peninsular Pipeline Infrastructure
      • Peninsular GPP Expansions
      • 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
      • Power sector
      • Non power sector
        • Large industries
        • Small industries
        • Gas separation plants (GSP) for C2+ extraction
        • Sabah gas demand
          • Power sector
          • Non power sector
        • Sarawak gas demand
          • Power sector
          • Non power sector
  • 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
      • Malaysia wholesale gas prices

In this report there are 44 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 (2016)
  • 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
    • Power sector gas users - Peninsular Malaysia
    • Industry sector gas users - Peninsular
    • Sabah total gas demand
    • Power sector gas users - Sabah
    • Industry sector gas users - Sabah
    • Sarawak total gas demand
    • Power sector gas users - Sarawak
    • Industry sector gas users - Sarawak
  • 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
    • Prices: Image 1
    • Wellhead gas price in Peninsular (2017)
    • Wellhead gas price in Sabah and Sarawak (2017)
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