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Malaysia energy report

Malaysia energy report
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Format
4 files (PDF report, 3 Excel files)
Pages
34 (Report only)
Delivery
Immediate by e-mail
Table of Contents
  • GENERAL OVERVIEW
  • INSTITUTIONS AND ENERGY POLICY
  • ENERGY COMPANIES
  • ENERGY SUPPLY
  • ENERGY PRICES
  • ENERGY CONSUMPTION
  • ISSUES AND PROSPECTS
  • DATA TABLES
  • ABBREVIATIONS
  • GLOSSARY

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Overview

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 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.

Highlights

  • 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.
  • Two public companies dominate the energy sector: TNB for electricity and Petronas for oil and gas.
  • Thermal generation represents around 85% of the power mix, shared almost equally between gas and 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 ~75% of total consumption. Electricity consumption has increased by around 3.5%/year since 2010.
  • Petronas is partnering with various companies to explore the potential and viability of CCS technology, making Malaysia a key CCS hub in the ASEAN region.
  • The National Energy Plan 2022-2040 plans to reduce the share of coal in the power capacity mix from 31% in 2018 to 18.6% in 2040.
84%
share of coal and gas in the power mix (2022)
-2.4%
annual decrease in GHG intensity of GDP over 2005-2030
40%
share of renewables in the power capacity mix in 2035

  • 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.

  • Energy Supply

    Resources:

    The country's gas reserves are quite large (2 179 bcm end of 2022); they represent around 30 years of production. The oil reserves are more modest (372 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 have been decreasing since 2018 by 12%/year, reaching US$5.0c/kWh in 2022. Previously, they had been quite stable at US$8c/kWh since 2016.

    Electricity prices for industries peaked in 2020 up to US$9.7c/kWh, before dropping by 7.4%/year to US$7.7c/kWh in 2022.

  • Energy Consumption

    In 2022, consumption per capita was 3 toe. This is higher than neighbouring countries. Electricity consumption per capita reached almost 5 000 kWh in 2022.

    Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)

    Graph: TOTAL CONSUMPTION MARKET SHARE BY ENERGY (2022, %)

  • Issues & Prospects

    Electricity:

    The NEP 2022-2040 targets 18.4 GW of renewable capacity (including hydro) in 2040 and a reduction in the share of coal in the capacity mix from 31% in 2018 to 18.6% in 2040.

  • GRAPH 1: CO2-energy emissions (MtCO2)
  • GRAPH 2: Installed electric capacity by source (2022, %)
  • GRAPH 3: Gross power production by source (TWh)
  • GRAPH 4: Power generation by source (2022, %)
  • 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 (2022, %)
  • GRAPH 9: Final consumption market share by sector (2022, %)
  • 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.

The Malaysia energy market data since 1990 and up to 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 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.