Malaysia energy report

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.

Malaysia energy report
May 2022
2 files (PDF report, Excel file)
34 (Report only)

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  • The country targets a 31% share of renewables in the power mix in 2025 and a 45% reduction in the GHG intensity to the GDP in 2030.
  • A domestic Emissions Trading System is planned to be launched.
  • The oil and gas sectors are dominated by Petronas.
  • Thermal generation represents 80% of the power mix, 52% of which from coal.
  • Three CCGT power plants totalling 4.5 GW were commissioned in 2021.
  • Since 2020, fuel prices are fixed according to a "managed floating" system.
  • Gasoline and diesel are much cheaper than in ASEAN countries.
  • Oil and gas represent 70% of total consumption. Electricity consumption has nearly doubled since 2000.
  • Petronas is partnering with various companies to explore the potential and viability of CCS technology.
  • Thermal power is expected to be reduced to 69% of the power mix and 7 GW of coal will be retired by 2039.


share of coal and gas in the power mix (2020)

hydroelectricity gross theorical resource.


annual decrease in GHG intensity of GDP over 2005-2030



  • 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


    The oil sector is dominated by Petronas (77.2% public, 8.5% foreign investors).

  • Energy Supply


    Oil production has been declining by 8%/year since 2018, reaching 28 Mt in 2020, after remaining stable over the previous ten years. The development of E&P activities in deep-water fields of the eastern region such as Gumusut-Kakap or Kikeh has enabled the declining outputs from the mature fields of the Peninsula to be offset.

  • Energy Prices


    In an attempt to reduce its fiscal deficit, Malaysia cut fuel subsidies in 2013, which saved US$1bn in 2014 and resulted in prices increasing by US$0.06/l. Low-income families benefited from higher cash pay-outs to soften the impact of the price hike. Between 2014 and 2020, the Government removed subsidies on gasoline (RON95) and diesel to reduce its fiscal deficit.

  • Energy Consumption

    In 2020, consumption per capita was 2.8 toe. This is higher than neighbouring countries. Electricity consumption per capita has increased from 3 900 kWh per capita in 2010 to 4 700 kWh in 2020.


  • Issues & Prospects


    After a slash-cut in Petronas' planned capital expenditures to US$8bn in 2020 due to the COVID-19 pandemic, the company now intends to take advantage of the current soaring oil prices and increase its CAPEX to MYR 40-45bn/year (US$9-10bn/year) over 2022-2027.

Table of Contents


Download the Table of Contents

List of Graphs

Below is a list of the Malaysia energy market report graphs:

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2020, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2020, %)
  • GRAPH 5: Gasoline & diesel prices (US$/l)
  • GRAPH 6: Electricity prices for industry and households (US$c/kWh)
  • GRAPH 7: Consumption trends by energy source (Mtoe)
  • GRAPH 8: Total consumption market share by energy (2020, %)
  • GRAPH 9: Final consumption market share by sector (2020, %)

List of Tables

In the Malaysia energy market report you will find the following tables:

  • Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO2 emissions.
  • Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
  • Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
  • Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
  • Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

Data (Excel Sheet)

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:

  • Economic indicators: Annual historical economic indicators, energy security, energy efficiency and CO2 emissions.
  • Supply indicators: Annual historical reserves, capacity, production and external trade (imports(+) exports(-) balance).
  • Demand indicators: Annual historical consumption per capita, consumption trends, total consumption, final consumption (per energy and per sector) and electricity consumption total and per sector.
  • Energy Balance: total and per energy.
  • Malaysia Energy Prices: In addition to the analysis provided on the report we also provided a data set which includes historical details on the Malaysia energy prices for the follow items: price of premium gasoline (taxes incl.), price of diesel (taxes incl.), price of electricity in industry (taxes incl.), price of electricity for households (taxes incl.), price of natural gas in industry (taxes incl.), prices of natural gas for households (taxes incl.), spot price of Brent and CO2 emissions (from fuel combustion).

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:

  • New capacities: Current power mix, installed capacity at date, capacity under construction and under development.
  • Power Sector Performances: Historical data on installed capacity, power generation, thermal power plants inputs, average thermal power plant efficiency, CO2 emissions of the power sector, carbon factor of the power sector.


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:

  • Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
  • Power: Electricity generation & capacities, by technology.
  • CO2: Total CO2 emissions.
  • Macro-economy: Main macro-economic assumptions.
  • Key indicators: Energy intensity, share of renewables, CO2 emissions per capita and per unit of GDP.

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