80%
share of coal and gas in the power mix (2020)
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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
80%
share of coal and gas in the power mix (2020)
hydroelectricity gross theorical resource.
-2.4%
annual decrease in GHG intensity of GDP over 2005-2030
40%
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
Oil:
The oil sector is dominated by Petronas (77.2% public, 8.5% foreign investors).
Energy Supply
Oil:
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
Oil:
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.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
Oil:
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.
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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