MALAYSIA ENERGY PROFILE: SECOND-LARGEST OIL AND NATURAL GAS PRODUCER IN SOUTHEAST ASIA – ANALYSIS


Dateline 2014-09-30, Eurasia Review:

Malaysia’s energy industry is a critical sector of growth for the entire economy, and it makes up almost 20% of the total gross domestic product. New tax and investment incentives, starting in 2010, aim to promote oil and natural gas exploration and development in the country’s deepwater and marginal fields as well as promote energy efficiency measures and use of alternative energy sources. These fiscal incentives are part of the country’s economic transformation program to leverage its resources and geographic location to be one of Asia’s top energy players by 2020. Another key pillar in Malaysia’s energy strategy is to become a regional oil and natural gas storage, trading, and development hub that will attract technical expertise and downstream services that can compete in Asia.

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This entry was posted on Sunday, December 7th, 2014 at 6:43 am and is filed under 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.

One Response to MALAYSIA ENERGY PROFILE: SECOND-LARGEST OIL AND NATURAL GAS PRODUCER IN SOUTHEAST ASIA – ANALYSIS

  1. energie says:
    December 14, 2014 at 4:51 am

    energie

    blog topic

    Reply

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