Malaysia strengthens its position as a key gas player in the region

August 2, 2019

Dateline 2019-06-26, NST:

Malaysia is poised to further strengthen its potential as a key gas player in the region by capitalising on its existing extensive gas infrastructure.

The natural gas industry has also contributed significantly to the national gross domestic product over the years, while encouraging investments opportunities for local businesses.

Economic Affairs Minister Datuk Seri Mohamed Azmin Ali said Malaysia has recorded consistent economic expansion due to strong economic fundamentals and diverse sectorial strength despite the ongoing global economic challenges.

“As we look to sustain this momentum moving forward, the oil and gas industry, which is Malaysia’s second highest export earner is most definitely a key contributor to the country’s trade,” he said in a speech, which was read by his deputy Senator Dr. Mohd Radzi Md Jidin at the inaugural Malaysian Gas Symposium (MyGAS 2019), here today.

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Malaysia ‘attractive’ for upstream investment: WoodMac

August 1, 2019

Why are there quotes around attractive?

Dateline 2019-06-26, Kallanish Energy:

Half of the 11.2 billion barrels of oil-equivalent (Bboe) product discovered in Southeast Asia between 2010 and 2018 were found in Malaysia, Kallanish Energy learns.

Independent research company Wood Mackenzie said Monday the country “has proved itself to be the hottest spot for material exploration” in the area and offers some of the most attractive upstream investment opportunities.

At the moment, Malaysia needs extra supply as the large Kasawari gas project experienced delays in its Final investment decision (Fid) due to multiple breakdowns of a pipeline. The shortage is expected to last until 2025, according to analysts, when new major fields will begin operations.

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