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Malaysia Oil and Gas Midstream Market Size (2024 - 2029)

The Malaysia Oil and Gas Midstream Market is experiencing a recovery to pre-pandemic levels, driven by rising demand and expanding pipeline projects. Despite challenges posed by declining domestic production, the market's capacity for growth is bolstered by increased gas trading within Asia, positioning Malaysia as a key storage hub for neighboring countries. This dynamic is expected to create significant opportunities within the market, reflecting a positive outlook for its market size and share in the coming years.

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Market Size of Malaysia Oil and Gas Midstream Industry

Malaysia Oil and Gas Midstream Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR 2.00 %
Market Concentration Medium

Major Players

Malaysia Oil and Gas Midstream Market Major Players

*Disclaimer: Major Players sorted in no particular order

Oil and Gas in Malaysia Market Analysis

The Malaysia Oil and Gas Midstream Market is projected to register a CAGR of over 2% during the forecast period.

COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.

  • Over the medium term, the increasing demand for oil and gas and increasing pipeline projects are expected to drive the market.
  • On the other hand, the country's decreasing oil and gas production is expected to hinder the market's growth.
  • Nevertheless, increasing gas trading with Asia has resulted in neighboring countries turning to Malaysia for storage. Companies in Malaysia can meet the rising storage demands. This is expected to create enormous opportunities for the Malaysia oil and gas midstream market.

Oil and Gas in Malaysia Industry Segmentation

The midstream sector covers the transportation, storage, and trading of crude oil, natural gas, and refined products. In its unrefined state, crude oil is transported by two primary modes: tankers, which travel interregional water routes, and pipelines, which most of the oil moves through for at least part of the route.

The Malaysian Oil and Gas Midstream Market is segmented by type. By type, the market is segmented into transportation, storage, and LNG terminals. For each segment, the market sizing and forecasts have been done based on revenue (USD billion).

Type
Transportation
Storage
LNG Terminals
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Malaysia Oil and Gas Midstream Market Size Summary

The oil and gas industry in Malaysia is experiencing a moderate growth trajectory, driven by increasing demand for oil and gas and the expansion of pipeline projects. Despite the challenges posed by declining domestic production, the market has rebounded to pre-pandemic levels and is poised for further development. The country's strategic position in Asia has bolstered its role as a key storage hub, creating significant opportunities within the midstream sector. The liquefied natural gas (LNG) terminals segment is expected to lead the market, supported by rising natural gas demand both domestically and in neighboring regions. Initiatives such as the development of new LNG terminals and collaborations with international partners are set to enhance Malaysia's capacity to meet growing energy needs.

Malaysia's reliance on oil and gas as a primary energy source remains substantial, with a significant portion of the country's energy consumption derived from these sectors. Although efforts are underway to diversify energy sources, the dependency on oil and gas is expected to persist in the near term. The midstream market faces constraints due to aging fields and a limited pipeline network, which necessitates reliance on alternative transportation methods for petroleum products. However, increased investment and consumption in the sector are anticipated to drive market growth. The industry is moderately consolidated, with major players like PETRONAS and Dialog Group Berhad playing pivotal roles in strategic projects aimed at ensuring a reliable energy supply.

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Malaysia Oil and Gas Midstream Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD million, till 2028

    3. 1.3 Recent Trends and Developments

    4. 1.4 Government Policies and Regulations

    5. 1.5 Market Dynamics

      1. 1.5.1 Drivers

      2. 1.5.2 Restraints

    6. 1.6 Supply Chain Analysis

    7. 1.7 PESTLE ANALYSIS

  2. 2. MARKET SEGMENTATION

    1. 2.1 Type

      1. 2.1.1 Transportation

      2. 2.1.2 Storage

      3. 2.1.3 LNG Terminals

Malaysia Oil and Gas Midstream Market Size FAQs

The Malaysia Oil and Gas Midstream Market is projected to register a CAGR of greater than 2% during the forecast period (2024-2029)

Petroliam Nasional Berhad (PETRONAS) , Dialog Group Berhad, Fluor Corporation, Royal Vopak N.V. and Vitol Group are the major companies operating in the Malaysia Oil and Gas Midstream Market.

Oil and Gas Market in Malaysia Report Snapshots

Oil and Gas Industry in Malaysia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)