Energy
From The Report: Malaysia 2012
View in Online Reader

Oil and gas represent an important but slowly declining source of Malaysia’s exports and government revenues. Projected to become a net importer of both fuels by 2017, Malaysia is seeking to boost both upstream and downstream capacity, develop expertise in oilfield services, and promote renewable energy. The government has offered tax incentives for projects that use enhanced oil recovery (EOR) technology, and is integrating EOR requirements into production contract extensions. Declining oil is also spurring greater investment in new fields like the North Malay Basin. On the gas side, meanwhile, Malaysia is investing in regasification plants, floating LNG terminals, and other infrastructure in order to establish itself as a gas transport and trading centre.
This chapter includes an interview with Emir Mavani, CEO, Malaysia Petroleum Resources Corp.

Articles from this Chapter

Overview

Long-term look: Focusing on a multi-pronged approach to increase energy supplies
OBG
plus

The long and storied history of Malaysia’s oil and gas sector has seen the country through its political and economic vicissitudes over the years, providing an economic crutch of export revenue in the lean times and giving rise to a national energy champion that is the country’s sole Fortune 500 Company in the boom years. But with the country’s growing energy consumption fast approaching production levels, the sector may be facing its greatest challenge yet in the form of an impending domestic…

Analysis

The natural way: Tapping into renewable energy sources
OBG
plus

Naturally endowed with thousands of kilometres of rivers, abundant sunshine, a vibrant agricultural sector producing plenty of biomass and even the odd geothermal hotspot, Malaysia’s renewable energy (RE) segment has the ability to transform the country’s energy sector. According to the Sustainable Energy Development Authority Malaysia (SEDA Malaysia), the country’s RE potential includes 1340 MW of biomass capacity, 360 MW of municipal solid waste, 490 MW of mini-hydro (along with approximately…

Interview

OBG talks to Emir Mavani, President and Chief Executive Officer, Malaysia Petroleum Resources Corporation (MPRC)
OBG
plus

Interview: Emir Mavani What is needed to encourage global storage and trading companies to use Malaysia as a base? EMIR MAVANI: The Labuan Financial Services Authority and MPRC launched the Global Incentives For Trading programme in October 2011. This is a major step in our efforts to develop Malaysia as an oil and gas trading centre. MPRC is tasked with overseeing and making necessary recommendations on policy, business regulations and fiscal incentives, which serves to ensure Malaysia’s competitiveness. Global…

Analysis

Gas and go: Plans to become a regional centre for natural gas
OBG
plus

As natural gas consumption growth in Asia continues to outstrip average global demand by a wide margin, Malaysia is making a strong play to not only secure its own domestic supply of the gas but to establish itself as a regional transportation and trading centre. REGIONAL DEMAND: Gas demand in the Asia-Pacific region rose by 5.9% from the 2010 level of 557.9bn cu metres (bcm) to 590.6 bcm in 2012, nearly triple the 2.2% global growth rate, according to BP’s “Statistical Review of World…

Analysis

Power hungry: Efforts to attract more private investment into the electricity sector
OBG
plus

Driven by a growing industrial base and rising income levels, which are nudging up consumption levels, Malaysia’s electricity demand is expected to equal the OECD average by 2030. While the country has a comfortable supply and demand electricity buffer, with a total installed capacity of 24,257 MW compared to a peak demand of 17,316 MW in 2011, consumption is expected to increase by roughly 3% per year in the near term, according to data from the Ministry of Energy, Green Technology and Water…