Malaysia Gas Markets long-term outlook H1 2020 Report

Commodity Market Report 28 August 2020

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Report summary

Gas markets play different dynamics on Peninsular and East Malaysia. While Peninsular Malaysia sees a soft gas demand growth in the coming years, with the main driver being the industry sector, power generation in Sarawak will create new gas demand in that region. Gas demand growth in Sabah will come from the power sector and industry. While the Sabah-Sarawak Gas Pipeline remains shut, gas from Sarawak feeds into the LNG plants in Bintulu. We expect to see more gas from Sabah destined to export when the SSGP resumes operations in 2021. Gas supply in Peninsular Malaysia is expected to drop more quickly after 2022, when LNG imports will be increasingly needed to fill this gap. Long-term supply growth potential lies in East Malaysia. However, the future supply to Bintulu faces some challenges as many of the undeveloped fields in Sarawak are high on CO2 and H2S. The third-party access framework is already in place but a few obstacles prevent a true gas market liberalisation.

Sabah-Sarawak gas pipeline paralysed
Uncontracted Bintulu LNG volumes will add flexibility to PETRONAS’ portfolio
Gas market liberalisation: most of framework in place but no new players.
Other relevant reports on Malaysia
Data summary
Energy policy
- Key stakeholders
- Policy drivers
- Competition
- Gas market
- Electricity market
- Fuel mix
- Pricing
Gas market regulation
- Upstream
- Transmission
- Distribution
- PETRONAS Gas
- Gas Malaysia
- Possibility of new players
- Lang Lebah
- Kasawari
- Others
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
- Sabah and 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
- Trans Sabah Gas Pipeline Cancelled
LNG infrastructure
Appendix
Peninsular Malaysia gas demand
- Power sector
- Non power sector
- Large industries
- Refinery and Petrochemical Integrated Development (RAPID)
- 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
- Peninsular Malaysia gas market balance
- Sabah gas market balance
- Sarawak gas market balance
- End of two-tier gas price for the power sector
- Current LNG contract prices
Gas price forecast
Upstream gas prices
- Peninsular Malaysia
- Sabah and Sarawak
Midstream gas prices