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

The Malaysian oil and gas pipeline market is poised for growth, driven by increasing demand and investment in the sector, despite challenges such as declining production levels and policy gaps. The market's expansion is supported by the development of the natural gas pipeline segment, bolstered by initiatives like the Trans-ASEAN Gas Pipeline system. However, the market's potential is tempered by the impacts of the COVID-19 pandemic and regulatory constraints, which have affected operations and growth prospects.

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Market Size of Malaysia Oil and Gas Pipeline Industry

Malaysia Oil and Gas Pipeline - Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
Historical Data Period 2020 - 2022
CAGR > 2.50 %
Market Concentration Medium

Major Players

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*Disclaimer: Major Players sorted in no particular order

Malaysia Oil and Gas Pipeline Market Analysis

The Malaysian oil and gas pipeline market is expected to register a CAGR of more than 1.5% from 2022 to 2027. The COVID-19 outbreak in 2020 negatively impacted Malaysia's oil and gas pipeline market as the government imposed a Movement Control Order (MCO) to stop the spread of the virus. Additionally, the pandemic has caused disruption in oil and gas operations in the country. Factors such as the increasing demand for oil and gas, an increase in offshore oil and gas discovery activities, and the rising investment in the industry are expected to increase the need for the Malaysian oil and gas pipeline market during the forecast period. However, the declining oil and gas production levels and a lack of policies on oil stockpiles are expected to hamper the growth of the oil & gas pipeline industry during the forecast period.

  • The natural gas pipeline segment is expected to witness significant development during the forecast period owing to the increasing growth and support in the natural gas sector.
  • The Association of South East Asian Nations (ASEAN) has been promoting the development of a Trans-ASEAN Gas Pipeline system (TAGP), which aims to link ASEAN's major natural gas production and consumption centres through a network of natural gas pipelines. Such large-scale prospects are expected to drive the pipeline industry to grow more and present a vital opportunity for the market players in the future.
  • Gas & oil production in Malaysia has been declining gradually over the years, which has become a cause of concern for the companies in the industry regarding the future growth prospects. Therefore, falling production is expected to act as a restraint for the market.

Malaysia Oil and Gas Pipeline Industry Segmentation

Malaysia oil and gas pipeline market includes:

Location of Deployment
Onshore
Offshore
Type
Crude Oil Pipeline
Gas Pipeline
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Malaysia Oil and Gas Pipeline Market Size Summary

The Malaysian oil and gas pipeline market is poised for moderate growth, driven by increasing demand for oil and gas, offshore discovery activities, and rising investments in the sector. Despite the challenges posed by the COVID-19 pandemic, which disrupted operations and led to a decline in production levels, the market is expected to benefit from the development of the natural gas pipeline segment. The Trans-ASEAN Gas Pipeline system, aimed at connecting major natural gas production and consumption centers, presents significant opportunities for market players. However, the declining production levels and limited policies on oil stockpiles may hinder the industry's growth prospects.

Malaysia boasts one of Asia's most extensive natural gas pipeline networks, primarily concentrated in Peninsular Malaysia. Efforts to expand the pipeline infrastructure in less covered regions like Sarawak and Sabah are underway, with companies like Gas Malaysia Berhad leading the charge. Investments in distribution infrastructure, such as the construction of new pipelines by Petronas Gas, are expected to bolster the natural gas pipeline market. Despite the challenges of maturing fields and a limited oil pipeline network, the market is supported by strategic agreements and investments aimed at reversing production declines and enhancing hydrocarbon output. The market remains moderately consolidated, with key players like PETRONAS and Sapura Energy Berhad actively participating in development projects.

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Malaysia Oil and Gas Pipeline Market Size - Table of Contents

  1. 1. MARKET OVERVIEW

    1. 1.1 Introduction

    2. 1.2 Market Size and Demand Forecast in USD billion, till 2027

    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 Location of Deployment

      1. 2.1.1 Onshore

      2. 2.1.2 Offshore

    2. 2.2 Type

      1. 2.2.1 Crude Oil Pipeline

      2. 2.2.2 Gas Pipeline

Malaysia Oil and Gas Pipeline Market Size FAQs

The Malaysia Oil and Gas Pipeline Market is projected to register a CAGR of greater than 2.5% during the forecast period (2024-2029)

Petroliam Nasional Berhad (PETRONAS), JFE Engineering Corporation, Punj Lloyd Limited, Sapura Energy Berhad and Yokogawa Kontrol (Malaysia) Sdn. Bhd. are the major companies operating in the Malaysia Oil and Gas Pipeline Market.

Malaysia Oil & Gas Pipeline Market Report Snapshots

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