Insight
MRP: the future of Malaysian gas pricing
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Report summary
Our aim: to explain and forecast the Malaysia Reference Price (MRP) for gas. Malaysia exports two-thirds of its produced gas as LNG and is the world’s fifth-largest LNG exporter. In 2014, PETRONAS began to develop the MRP - a weighted average price of all Malaysian LNG exports - to be the basis of all future upstream gas sales agreements. As it owns all Malaysian LNG, this allows PETRONAS more control of MRP versus other international benchmarks. In recent years, the push to convert upstream players from legacy contracts to MRP has been more earnest. However, industry players find MRP difficult to forecast. Our aim is to explain the roots and workings of MRP, look at its pros and cons, and the best approach to price forecasting. For anyone who is present in the Malaysian upstream - or aspires to be - this is essential reading.
Table of contents
- Our aim: to explain and forecast the Malaysia Reference Price (MRP) for gas
Tables and charts
This report includes the following images and tables:
- MRP 101
What's included
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