The Malaysia Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), and Service (Construction, Maintenance and Turn-Around, and Decommissioning). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The Malaysia Oil and Gas Midstream Market Report is Segmented by Type (Transportation, Storage, and LNG Terminals). The Market Size and Forecasts in Revenue (USD Billion) for all the Above Segments.

The size of the Oil and Gas Market in Malaysia market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 2.00% during the forecast period. Recent developments include: In September 2022, Shell and its partner Petronas announced a decision of final investment decision to develop the Rosmari-Marjoram gas project, which will feed the Bintulu LNG export plant in Sarawak, Malaysia. The Rosmari-Marjoram development is one of the strategic projects that will guarantee a reliable gas supply to the Petronas-owned 30 million tons per annum Bintulu LNG complex., In April 2022, Petronas and Sabah Oil & Gas Development Corporation (SOGDC) signed a key memorandum of understanding (MoU) that will see the Malaysian national energy company build Sabah's first and largest near-shore floating liquefied natural gas (LNG) facility estimated to cost USD 2.02 billion (MYR 8.8 billion).. Key drivers for this market are: 4., Increasing Gas Production and Infrastructure4.; Increasing Exploration and Production Activities. Potential restraints include: 4., Increasing Adoption of Clean Power Sources. Notable trends are: LNG Terminals Segment is Expected to Dominate the Market.

Discover the booming Malaysian oil and gas market, projected to reach [estimated value] by 2033, with a CAGR exceeding 2%. Analyze market drivers, trends, and restraints impacting key players like Petronas and Dialog Group. Explore regional market share and investment opportunities in LNG terminals, transportation, and storage. Recent developments include: In September 2022, Shell and its partner Petronas announced a decision of final investment decision to develop the Rosmari-Marjoram gas project, which will feed the Bintulu LNG export plant in Sarawak, Malaysia. The Rosmari-Marjoram development is one of the strategic projects that will guarantee a reliable gas supply to the Petronas-owned 30 million tons per annum Bintulu LNG complex., In April 2022, Petronas and Sabah Oil & Gas Development Corporation (SOGDC) signed a key memorandum of understanding (MoU) that will see the Malaysian national energy company build Sabah's first and largest near-shore floating liquefied natural gas (LNG) facility estimated to cost USD 2.02 billion (MYR 8.8 billion).. Notable trends are: LNG Terminals Segment is Expected to Dominate the Market.

Malaysia Oil and Gas Market size was valued at USD 11.44 Billion in 2024 and is projected to reach USD 15.41 Billion by 2032, growing at a CAGR of 3.8% from 2026 to 2032.Key Market DriversGovernment Policy Support and Investment: Government initiatives and policies have been instrumental in driving Malaysia's oil and gas sector through strategic investments and regulatory frameworks designed to attract both local and international players. PETRONAS, Malaysia's national oil company, continues to lead development efforts with support from the government.Growing Domestic Energy Demand: Malaysia's increasing industrialization, economic growth, and population expansion have led to higher energy consumption, creating sustained demand for oil and gas products in the domestic market despite global transition efforts toward renewables.

The Oil and Gas Industry in Malaysia size was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, exhibiting a CAGR of 1.40 % during the forecasts periods. Recent developments include: January 2023: A consortium of JGC Corporation and Samsung Heavy Industries (SHI) secured an engineering, procurement, construction, and commissioning (EPCC) contract with Petronas for Malaysia's first nearshore floating LNG facility project. The planned facility is set to become the world's first nearshore floating LNG facility. It has a minimum production capacity of 2 million tonnes of LNG annually and is scheduled for completion in 2027., December 2022: Petronas announced the oil and gas discovery at the Nahara well in Block SK 306. Petronas Carigali, a wholly owned subsidiary of Petronas, is the operator of the block, with 100 percent participating interest in its Production Sharing Contract (PSC).. Key drivers for this market are: 4., Surging Demand For Refined Petroleum Products4.; Significant Untapped Petroleum Reserves in the Sedimentary Basins. Potential restraints include: 4., High Volatility of Crude Oil Prices. Notable trends are: Midstream Sector is Expected to Have Significant Market Share.

Discover the latest insights into Malaysia's oil and gas industry. This comprehensive analysis reveals market size, CAGR, key players, and future growth projections for 2025-2033, including upstream, midstream, and downstream segments. Explore regional market share and driving trends shaping this dynamic sector. Recent developments include: January 2023: A consortium of JGC Corporation and Samsung Heavy Industries (SHI) secured an engineering, procurement, construction, and commissioning (EPCC) contract with Petronas for Malaysia's first nearshore floating LNG facility project. The planned facility is set to become the world's first nearshore floating LNG facility. It has a minimum production capacity of 2 million tonnes of LNG annually and is scheduled for completion in 2027., December 2022: Petronas announced the oil and gas discovery at the Nahara well in Block SK 306. Petronas Carigali, a wholly owned subsidiary of Petronas, is the operator of the block, with 100 percent participating interest in its Production Sharing Contract (PSC).. Key drivers for this market are: 4., Surging Demand For Refined Petroleum Products4.; Significant Untapped Petroleum Reserves in the Sedimentary Basins. Potential restraints include: 4., Surging Demand For Refined Petroleum Products4.; Significant Untapped Petroleum Reserves in the Sedimentary Basins. Notable trends are: Midstream Sector is Expected to Have Significant Market Share.

The Southeast Asia oil and gas downstream market is booming, with a CAGR exceeding 4% through 2033. Explore key drivers, trends, and restraints shaping this dynamic sector, including major players like Shell, ExxonMobil, and PTT. Discover regional market shares and investment opportunities in refineries and petrochemicals across Thailand, Singapore, Indonesia, Malaysia, and Vietnam. Recent developments include: In August 2022, PetroVietnam Power announced plans to build an oil refining plant and petrochemical complex in the country. The total investment is expected to be up to USD 18.5 billion., In May 2022, Thailand's national oil company PTT, and Saudi Arabian Oil Company signed a memorandum of understanding at a ceremony in Bangkok to expand their downstream presence in Asia. As part of the agreement, the companies intended to cooperate more closely in sourcing crude oil, refining and marketing petrochemical products, and liquefied natural gas (LNG). Other potential areas of activity include the use of blue and green hydrogen, as well as various clean energy programs.. Notable trends are: Refining Sector to Witness Growth.

Crude_oil_value.csv Description:

The crude_oil_value.csv file contains historical data on the monetary value of crude oil trades over specific periods. This dataset is essential for analyzing market trends, economic impacts, and forecasting future trade values. Each entry represents a recorded trade, detailing the value in terms of currency, along with relevant timestamps and geographic locations.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Value: The monetary value of the trade in USD. Trade_Type: The type of trade (import & export). Currency: The currency used for the trade value.

Crude_oil_volume.csv Description:

The crude_oil_volume.csv file contains data on the volume of crude oil traded over time. This dataset is crucial for understanding the physical quantities of oil being moved in the market, assessing production capabilities, and analyzing supply chain dynamics. Each entry includes details on the volume of crude oil traded, alongside temporal and spatial data.

Columns: Year: The year of the trade. Country: Malaysia. Trade_Volume: The volume of crude oil traded, typically measured in barrels. Trade_Type: The type of trade ( import & export). Volume_Unit: The unit of measurement for the volume (e.g., barrels).

This statistic shows the petroleum market share across Malaysia in 2017, by brand. That year, Petronas controlled up to ** percent of the petroleum market share in Malaysia.

In 2024, the crude oil and condensate sector was estimated to contribute *** percent to Malaysia's gross domestic product (GDP), a decrease compared to the *** percent share of the GDP in the previous year. The crude oil industry's share to the country's GDP has been declining since 2018, when it was at *** percent.

In Malaysia AI in Oil & Gas Exploration Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

Malaysia Oil and Gas Pipeline Market size was valued at USD 4 Billion in the year 2024, and it is expected to reach USD 5.17 Billion in 2032, at a CAGR of 3% over the forecast period of 2026 to 2032.Malaysia Oil and Gas Pipeline Market DriversSignificant Untapped Petroleum Reserves and Exploration Activities: Malaysia continues to have substantial oil and gas reserves, particularly in its sedimentary basins. Ongoing exploration activities and new discoveries, especially offshore Sarawak and Sabah, are driving the need for new pipelines to bring these resources to market.Growing Domestic and Regional Demand for Natural Gas: There's an increasing demand for natural gas within Malaysia and in neighboring regions, driven by efforts to reduce carbon emissions and improve air quality. This shift towards cleaner energy sources boosts the need for gas pipeline infrastructure, including new LNG terminals and distribution networks.Surging Demand for Refined Petroleum Products: Malaysia has witnessed a steady increase in the demand for refined petroleum products, particularly LPG for cooking and transport fuel. To meet this demand and enhance self-reliance, the country is investing in expanding existing refineries and constructing new downstream infrastructure, which in turn necessitates pipeline networks.Government Support and Investments in Energy Infrastructure: The Malaysian government, through entities like Petronas, is actively investing in the oil and gas sector, particularly in natural gas infrastructure and LNG projects. Incentives like Pioneer Status and Investment Tax Allowance encourage businesses to invest in the sector.

In 2024, Malaysia produced approximately ******* barrels of oil per day, a decrease from ******* barrels of daily oil production capacity in 2023. Although the amount of oil production in the country has been declining since 2020, Malaysia was still the fourth biggest oil producer among countries in the Asia Pacific and the second biggest in Southeast Asia after Indonesia. A decrease in oil consumption during the pandemic The oil industry in Malaysia faced a considerable challenge during the COVID-19 pandemic, with a decrease in overall oil consumption by more than ******* barrels per day in 2020. Moreover, because of the government-imposed movement control order (MCO), which lasted until the end of 2021, people also consumed less gasoline than before the pandemic. Although industry players remained cautious, demand was expected to pick up with the end of the MCO, and most business activities have resumed to normal. Lower oil price but outlook remains positive The brent oil price peaked in September 2023 at ***** U.S. dollars and decreased to ***** U.S. dollars per barrel as of the second week of November 2024. This could have an impact on the oil industry in Malaysia. Nevertheless, the state-owned oil and gas company, Petronas, planned to focus on its upstream sector and continue its exploration initiatives to expand the industry.

Malaysia Oil & Gas EPC Services Market valued at ~USD 18 Bn, driven by energy demand, downstream investments, and tech upgrades in upstream and downstream segments.

The Southeast Asia Oil and Gas Downstream Market is poised for significant expansion, projected to reach a substantial market size of approximately USD 250,000 million by 2025 and expected to grow at a robust Compound Annual Growth Rate (CAGR) exceeding 4.00% through 2033. This growth is propelled by several key drivers, including increasing domestic energy demand fueled by a burgeoning population and rapid industrialization across the region, particularly in nations like Indonesia, Vietnam, and the Philippines. Investments in modernizing existing refinery infrastructure and the development of new petrochemical plants to cater to a growing demand for plastics, fertilizers, and other downstream products are also pivotal. Furthermore, government initiatives focused on energy security and the development of advanced refining technologies are creating a favorable environment for market expansion. The market is witnessing a trend towards greater integration between refining and petrochemical operations, enabling companies to optimize their value chains and enhance profitability. There is also a notable shift towards cleaner fuel production and the adoption of more sustainable downstream processes, aligning with global environmental goals. Despite the positive outlook, certain restraints could temper growth. Volatility in crude oil prices, a perennial concern for the oil and gas sector, can impact profitability and investment decisions. Stringent environmental regulations and the increasing pressure for decarbonization present challenges, necessitating significant investments in emissions reduction technologies and the exploration of alternative energy sources. Competition from emerging markets and the potential for overcapacity in certain segments also warrant careful consideration. However, the region's strategic location, coupled with its inherent demand for refined products and petrochemicals, positions the Southeast Asia Oil and Gas Downstream Market for sustained growth. Key players like Shell PLC, ExxonMobil Corporation, and Petroliam Nasional Berhad are actively investing in expanding their capacities and upgrading their facilities to capitalize on these opportunities. Here is a report description for the Southeast Asia Oil and Gas Downstream Market, structured as requested: Key drivers for this market are: 4., Modernization and Upgrades of Existing Military Aircraft Fleets4.; Increasing Defense Budgets. Potential restraints include: 4., Shift Toward Unmanned Aircraft. Notable trends are: Refining Sector to Witness Growth.

The Southeast Asia Oil and Gas Market Report is Segmented by Sector (Upstream, Midstream, and Downstream), Location (Onshore and Offshore), Service (Construction, Maintenance and Turn-Around, and Decommissioning), and Geography (Indonesia, Malaysia, Thailand, Vietnam, Philippines, Singapore, Myanmar, and Rest of Southeast Asia). The Market Sizes and Forecasts are Provided in Terms of Value (USD).

The size of the Malaysia Refined Petroleum Products Market was valued at USD 14.96 Million in 2023 and is projected to reach USD 22.35 Million by 2032, with an expected CAGR of 5.90% during the forecast period. The refined petroleum products market in Malaysia represents a vital and dynamic component of the country's energy framework, essential for fulfilling domestic energy requirements and facilitating economic activities. As a prominent oil producer in Southeast Asia, Malaysia processes crude oil into a range of products such as gasoline, diesel, jet fuel, and lubricants, which are indispensable for transportation, industrial operations, and various other uses. The market is supported by sophisticated refining infrastructure, with key refineries strategically positioned to serve both local and regional demands. Recent developments indicate a trend towards increasing refinery capacities and implementing cleaner technologies to comply with international environmental standards. In its efforts to lower carbon emissions, Malaysia is placing greater emphasis on the production of low-sulfur fuels and investing in more energy-efficient refining methods. Furthermore, the market is subject to the volatility of global oil prices, shifts in domestic energy policies, and competition from regional players. The government's initiative to diversify energy sources and explore renewable energy options also plays a significant role in shaping market dynamics. Despite facing these challenges, the refined petroleum products market in Malaysia demonstrates resilience, supported by strategic investments and robust demand. The sector's future growth will depend on its capacity to adapt to changing energy trends and regulatory environments while continuing to satisfy both domestic and regional energy requirements. Recent developments include: June 2023: The automobile company Ford launched a new variant of the car known as Ranger Raptor, which consists of a 2.0 L bi-turbo diesel version. According to the company, the diesel variant has the highest efficiency levels and is relatively cheaper than the petrol variants., April 2022: Petroleum Sarawak Berhad launched a multi-fuel station in DarulHana that is likely to cater to vehicles that are powered by hydrogen, electricity, petrol, or diesel.. Key drivers for this market are: Surge in Demand of Refined Petroleum Products4., Need for Sustainable Refined Petroleum Products. Potential restraints include: Increase in Adoption of Alternative Fuel Vehicles. Notable trends are: Petrol is Expected to Dominate the Market.

Malaysia Midstream Oil and Gas Industry Outlook to 2025 – Market Outlook for Liquefied Natural Gas (LNG), Liquids Storage, Pipelines and Gas Processing is a comprehensive report on midstream oil and gas industry in Malaysia. The report provides details such as name, type, operational status and operator for all active and planned (new build) LNG terminals, liquids storage terminals major trunk pipelines and gas processing plants in Malaysia till 2025. Further, the report also offers recent developments, financial deals as well as latest contracts awarded in the country’s midstream sector, wherever available. Read More

In 2023, approximately ******* people were employed in the petroleum, chemical, rubber and plastic industry in Malaysia. The number of people employed has been increasing since 2015, where ******* were employed in this industry.