Commodity Market Report

Malaysia gas and LNG H2 2018 summary

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23 January 2019

Malaysia gas and LNG H2 2018 summary

Report summary

Infrastructure poses challenges for Malaysia's longer term gas and LNG market. On the LNG demand front, supply upside from the North Malay basin and MTJDA has resulted in the first contraction in LNG demand in a long time. The Pengerang LNG terminal, Peninsular Malaysia's second LNG regasification terminal, has not resulted in an LNG demand increase. A gas leak earlier in 2018 led to the shutdown of the Sabah-Sarawak Gas Pipeline (SSGP), cutting off feedgas from the Kebabangan fields to Bintulu liquefaction plant. This has resulted in one of the worst years in LNG sales for PETRONAS. Bintulu's feedstock supply woes are likely to extend late into 2019, with repair works only set to complete in the later half of the year. This is the second shutdown of SSGP in five years since the fire during its commissioning in 2014, bringing concerns about the reliability and safety.

Table of contents

  • Market background
  • Bintulu faces feedgas crunch again following SSGP breakdown earlier in 2018
  • Supply troubles in East Malaysia spills over to Peninsular Malaysia
  • RAPID in Pengerang sees first crude cargo, Petchem complex to commission by H1 2019
  • LNG demand in Malaysia disappointed in 2018 due to higher domestic production
  • PETRONAS continues to expand its international portfolio while also eyeing LNG bunkering by mid-2019
  • Third-party access is moving slowly forward despite 2020 deadline
  • Gas price reform maintains steady progress despite a revival fuel subsidy in diesel and gasoline

Tables and charts

This report includes 4 images and tables including:

  • Sabah Supply Demand Gap
  • Peninsular Malaysia Supply Demand Gap
  • Malaysia LNG Demand
  • Key changes to analysis from the H1 2018 publication

What's included

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