Malaysia Oil And Gas Report Q4 2010 – New Market Report Published


Dateline 2010-08-26, taken from Officialwire:

The latest Malaysia Oil & Gas Report from BMI forecasts that the country will account for 1.78% of Asia Pacific regional oil demand by 2014, providing 8.50% of supply.

Regional oil use of 21.42mn b/d in 2001 is set to reach a forecast 27.15mn b/d in 2010, then to rise to around 30.21mn b/d by 2014.

Regional oil production was around 8.35mn b/d in 2001 and is forecast to average an estimated 8.82mn b/d in 2010. It is set to increase only slightly to 8.89mn b/d by 2014.

Oil imports are growing rapidly, because demand growth is outstripping the pace of supply expansion. In 2001 the region was importing an average 13.07mn b/d. This total will rise to a projected 18.32mn b/d in 2010 and is forecast to reach 21.32mn b/d by 2014. The principal importers will be China, Japan, India and South Korea. By 2014 the only net exporter will be Malaysia.

This entry was posted on Sunday, August 29th, 2010 at 11:47 am and is filed under investment, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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