5th
largest LNG exporter in the world
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This analysis includes a comprehensive Malaysia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
5th
largest LNG exporter in the world
-8%
energy consumption in 2020
20%
share of renewables in the power capacity by 2025
Abstract
Institutions & Energy Policy
The Economic Planning Unit (EPU), a powerful planning body under the supervision of the Prime Minister, drafts the country's energy policy through its energy division (Energy Section). Decisions are taken by a restricted council of ministers, the "Cabinet Committee on Energy".
Energy Companies
Electricity:
Three electricity companies dominate the country's 3 geographical areas: TNB (Tenaga Nasional Bhd) for the Peninsula; Sarawak Energy Bhd for Sarawak and SESB (Sabah Electricity Sdn. Bhd) for Sabah. TNB was partially privatised following a first sale of 27% of the capital in 1992 and further sales -the latest in 2019- bringing the public stake down to 27.3%.
Energy Supply
Resources:
The country's gas reserves are quite large (2 217 bcm end of 2020); they represent around 35 years of production. The oil reserves are more modest (490 Mt, i.e. 15 years of production).
The country also has coal reserves (148 Mt), which are essentially located in the states of Sarawak and Sabah.
Energy Prices
Electricity:
Electricity prices for households declined by 28% in 2020 to US$5.8c/kWh. Previously, they increased on average by 2%/year between 2015 and 2019. Since 2016, electricity prices for industry increased by around 4%/year to US$9.7c/kWh in 2020.
Electricity prices are similar to those in Vietnam or Indonesia and cheaper than in Thailand.
Energy Consumption
In 2020, consumption per capita was 2.7 toe. This is higher than neighbouring countries. Electricity consumption per capita has increased from 3 900 kWh per capita in 2010 to 4 600 kWh in 2020.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Oil:
Petronas started 2020 with a planned capital expenditure of US$11.5bn, which was slashed to US$8bn during the year due to the pandemic. Most of the capital cuts were made outside of Malaysia, but some domestic projects were delayed.
Below is a list of the Malaysia energy market report graphs:
In the Malaysia energy market report you will find the following tables:
The Malaysia energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Malaysia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Malaysia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Malaysia country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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