Malaysia Oil and Gas Market Growth, Trends, Share, Size, Revenue, Challenges and Future Outlook
Malaysia Oil and Gas Market Size- By Type - Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2023 | Report ID: POAE2363 | Pages: 1 - 105 | Formats*: |
| Category : Power & Energy | |||
Malaysia Oil and Gas Market Introduction and Overview
According to SPER Market Research, the Malaysia Oil and Gas Market is estimated to reach USD 15.98 billion by 2033 with a CAGR of 2.83%.
The report includes an in-depth analysis of the Malaysia Oil and Gas Market, including market size and trends, product mix, distribution channels, and supplier analysis. Hydrocarbon resources like oil and gas are essential to life today. The base for many petroleum products, including petrochemicals necessary for the creation of polymers and chemicals, as well as transportation fuels like gasoline and diesel, is crude oil, which was created from ancient biological matter subjected to geological processes. On the other hand, natural gas, which is mostly made of the gas methane, provides a cleaner-burning option and is frequently utilized for industrial activities, electricity production, and space heating.
- January 2023: JGC Corporation and Samsung Heavy Industries (SHI) formed a consortium to win an engineering, procurement, construction, and commissioning (EPCC) contract from Petronas for the construction of Malaysia's first nearshore floating LNG facility. The proposed plant will be the first nearshore floating LNG facility in the world. It is expected to be finished in 2027 and has a minimum annual production capacity of 2 million tonnes of LNG.
- Petronas announced the finding of oil and gas at the Nahara well in Block SK 306. The block is operated by Petronas Carigali, a wholly owned subsidiary of Petronas, with a 100 percent participating interest in its Production Sharing Contract (PSC).
Market Opportunities and Challenges
Malaysia Oil and Gas market offers a variety of opportunities and challenges. The demand for natural gas in Malaysia and its surrounding areas is rising. Natural gas usage has increased across a variety of end-user segments as a result of most nations' desire to cut their carbon emissions in order to improve the environment's air quality. For several years, sales of manufactured, refined petroleum products have increased steadily in Malaysia. The rising demand for LPG as a home cooking fuel and particularly as a transportation fuel is mostly to blame for the rise in refined petroleum products.
However, there are numerous significant challenges facing the Malaysian oil and gas business. First off, the sector competes fiercely on a worldwide scale, and profitability is impacted by changes in the price of oil and geopolitical unrest. The nation must invest in the exploration and development of new deposits due to dwindling oil production from old areas. Additionally, pressure to embrace more sustainable practices and lessen its carbon footprint has come from environmental concerns and the global transition to cleaner energy sources.
Market Competitive Landscape
The oil and gas industry in Malaysia is only somewhat consolidated. In no particular order, some of the major players include ExxonMobil Corporation, Petronas Gas Bhd, Altus Oil & Gas Malaysia Sdn. Bhd, and BP Plc.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2033 |
| Base year considered | 2022 |
| Forecast period | 2023-2033 |
| Segments covered | By Type |
| Regions covered | Eastern Region, Southern Region, Western Region, Northern Region |
| Companies Covered | BP Plc, Shell Plc, Petronas Gas Bhd, Chevron Corporation, ExxonMobil Corporation, Malaysiaian General Petroleum Corporation, Altus Oil & Gas Malaysia Sdn. Bhd., Petro-Excel Sdn Bhd (PESB), Petro Teguh (M) Sdn. Bhd., and Malaysiaian Natural Gas Holding Company |
COVID-19 Impact on Malaysia Oil and Gas Market
The Malaysian oil and gas market was significantly impacted by the COVID-19 outbreak. Malaysia, like many other nations, saw a dramatic decline in the demand for petroleum products as lockdowns and travel restrictions were put in place to stop the virus's spread. As a result, oil prices experienced a severe decrease, which had an impact on the country's oil and gas businesses' ability to earn money. Further complicating the market were disruptions in international supply chains and a decline in economic activity, which resulted in lower energy use.
Key Target Audience:
- Investors and Shareholders
- Government and Regulators
- Energy and Petrochemical Companies
- Suppliers and Service Providers
- Environmental and Sustainability Advocates
Our in-depth analysis of the Malaysia Oil and Gas Market includes the following segments:
| By Type: |
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Key Topics Covered in the Report:
- Malaysia Oil and Gas Market Size (FY’2023-FY’2033)
- Overview of Malaysia Oil and Gas Market
- Segmentation of Malaysia Oil and Gas Market By Type (Transportation, Storage, LNG Terminals)
- Statistical Snap of Malaysia Oil and Gas Market
- Expansion Analysis of Malaysia Oil and Gas Market
- Problems and Obstacles in Malaysia Oil and Gas Market
- Competitive Landscape in the Malaysia Oil and Gas Market
- Impact of COVID-19 and Demonetization on Malaysia Oil and Gas Market
- Details on Current Investment in Malaysia Oil and Gas Market
- Competitive Analysis of Malaysia Oil and Gas Market
- Prominent Players in the Malaysia Oil and Gas Market
- SWOT Analysis of Malaysia Oil and Gas Market
- Malaysia Oil and Gas Market Future Outlook and Projections (FY’2023-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Malaysia Oil and Gas Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Malaysia Oil and Gas Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Malaysia Oil and Gas Market
7. Malaysia Oil and Gas Market, By Type (USD Million)
7.1. Malaysia Oil and Gas Market Value Share and Forecast, By Type, 2023-20337.2. Transportation7.3. Storage7.4. LNG Terminals
8. Malaysia Oil and Gas Market Forecast, 2019-2033 (USD Million)
8.1. Malaysia Oil and Gas Market Size and Market Share
9. Malaysia Oil and Gas Market, By Type, 2019-2033 (USD Million)
9.1. Malaysia Oil and Gas Market Size and Market Share By Type (2019-2026)9.2. Malaysia Oil and Gas Market Size and Market Share By Type (2027-2033)
10. Malaysia Oil and Gas Market, By Region, 2019-2033 (USD Million)
10.1. Malaysia Oil and Gas Market Size and Market Share By Region (2019-2026)10.2. Malaysia Oil and Gas Market Size and Market Share By Region (2027-2033)10.3. Eastern Region10.4. Southern Region10.5. Western Region10.6. Norther Region
11. Company Profile
11.1. BP Plc11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments11.2. Malaysiaian Natural Gas Holding Company11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments11.3. Shell Plc11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments11.4. Petronas Gas Bhd11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments11.5. Chevron Corporation11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments11.6. ExxonMobil Corporation11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments11.7. Malaysiaian General Petroleum Corporation11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments11.8. Altus Oil & Gas Malaysia Sdn. Bhd.11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments11.9. Petro-Excel Sdn Bhd (PESB)11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments11.10. Others
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Malaysia Oil and Gas Market is projected to reach USD 15.98 billion by 2033, growing at a CAGR of 2.83% during the forecast period.
Malaysia Oil and Gas Market grew in market size from 2023. The Market is expected to reach USD 15.98 billion by 2033, at a CAGR of 2.83% during the forecast period.
Malaysia Oil and Gas Market CAGR of 2.83% during the forecast period.
"You can get the sample pages by clicking the link -Click Here"
Malaysia Oil and Gas Market size is USD 15.98 billion from 2023 to 2033.
The Asia-Pacific region is anticipated to have the highest market share in Malaysia Oil and Gas Market.
The key players in the market include Companies Covered BP Plc, Shell Plc, Petronas Gas Bhd, Chevron Corporation, ExxonMobil Corporation, Malaysiaian General Petroleum Corporation, Altus Oil & Gas Malaysia Sdn. Bhd., Petro-Excel Sdn Bhd (PESB), Petro Teguh (M) Sdn. Bhd., and Malaysiaian Natural Gas Holding Company
Malaysia Oil and Gas Market, including market size and trends, product mix, distribution channels, and supplier analysis.
Malaysia Oil and Gas Market Segment is Covered By Type
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