Dateline 2012-06-05:
The International Energy Agency (IEA) in a new report, has predicted that Malaysia would become a net importer of oil and gas in 2017, due to increasing domestic demand.
The IEA’s Executive Director Maria van der Hoeven said Malaysia, which is the world’s third oil and gas exporter at present, would become like neighbouring Indonesia by that year.
“The Medium-Term Gas Market Report 2012, also suggests that China could become the third-largest gas importer behind Europe and Asia Oceania, driving at 2.7 per cent, average annual growth in global gas demand through 2017,” she told reporters at the World Gas Conference 2012 here.
…
Wata - Malaysian Oil and Gas Engineer 