Research and Markets: Malaysia Oil and Gas Report Q2 2010

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/166644/malaysia_oil_and_g) has
announced the addition of the "Malaysia Oil and Gas Report Q2 2010" report to
their offering.

Malaysia Oil and Gas Report provides industry professionals and strategists,
corporate analysts, oil and gas associations, government departments and
regulatory bodies with independent forecasts and competitive intelligence on
Malaysia's oil and gas industry.

The latest Malaysia Oil & Gas Report forecasts that the country will account for
1.92% of Asia Pacific regional oil demand by 2014, while providing 8.24% of
supply. Regional oil use of 21.40mn barrels per day (b/d) in 2001 reached an
estimated 25.63mn b/d in 2009. It should average 26.13mn b/d in 2010, then rise
to around 29.23mn b/d by 2014. Regional oil production was just under 8.41mn b/d
in 2001, and averaged an estimated 8.46mn b/d in 2009. It is set to increase to
8.77mn 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 12.99mn b/d. This total had risen to an estimated 17.17mn b/d in 2009,
and is forecast to reach 20.46mn b/d by 2014. The principal importers will be
China, Japan, India and South Korea. By 2013 2014 the only net exporter will be
Malaysia.

In terms of natural gas, in 2009 the region consumed an estimated 466bn cubic
metres (bcm) and demand of 616bcm is targeted for 2014. Production of an
estimated 383bcm in 2009 should reach 542bcm in 2014, but implies net imports
falling from around 83bcm to 74bcm. This is in thanks to many Asian gas
producers being major exporters. Malaysia's share of gas consumption in 2009 was
an estimated 6.23%, while its share of production was 16.99%. By 2014 its share
of gas consumption is forecast to be 5.54%, with the country accounting for
16.61% of supply.

For 2009 as a whole, we have assumed an average OPEC basket price of US$60.70
per barrel (bbl), a 35.5% decline year-on-year (y-o-y). For 2010, we expect to
see a significant oil price recovery to US$83.00/bbl for the OPEC basket price,
gaining further ground to US$85.00 in 2011 and to US$90.00/bbl in 2012 and
beyond.

In 2010, the authors are forecasting global premium unleaded gasoline prices at
an average US$97.00/bbl, up from US$70.22/bbl in 2009. We are assuming an
average global jet fuel price for 2010 of US$97.58/bbl, compared with
US$70.63/bbl in 2009. For gasoil, the 2010 price estimate is for an average of
US$97.40/bbl, compared with US$70.50/bbl in 2009. The 2010 naphtha price
average, estimated at US$81.58/bbl compares with US$59.07/bbl in 2009.

Malaysian real GDP is assumed to have fallen by 2.1% in 2009 compared with the
2008 growth rate of 4.6%. We are assuming an average annual growth rate of 5.4%
in 2010-2014. State-owned Petronas operates in partnership with various
international oil companies (IOCs) under a production sharing system that we
believe will result in oil production of 750,000b/d by 2014. Consumption is
forecast to rise by up to 2% per annum to 2014, implying demand of 557,000b/d.
Malaysia's gas exports are set to rise from an estimated 36bcm in 2009 to 56bcm
in 2014, with production climbing from 65bcm to 90bcm over the period.

Between 2009 and 2019, we are forecasting a reduction in Malaysia oil production
of 1.62%, with crude volumes falling steadily to 713,000b/d in 2019. Oil
consumption between 2009 and 2019 is set to increase by 23.09%, with growth
slowing to an assumed 1.5% per annum towards the end of the period and the
country using 603,000b/d by 2019. Gas production is expected to rise from an
estimated 65bcm in 2009 to a possible 110bcm by 2019. With demand growth of
32.56%, this provides an export capability reaching 71.6bcm in 2019, largely in
the form of liquefied natural gas (LNG). Details of The 10-year forecasts can be
found later in this report, which provides regional and country-specific
projections. Malaysia ranks fourth in the updated Upstream Business Environment
rating, reflecting a strong resource position and a moderate gas output growth
outlook, being offset by extensive state involvement. The country sits well
ahead of Papua New Guinea and China and is in a relatively strong position to
defend its position over the near term. The country now ranks equal 13th
alongside PNG and ahead only of Taiwan in the Downstream Business Environment
rating, reflecting its limited refinery capacity expansion plans, sluggish oil
and gas demand growth outlook and relatively high level of retail site
intensity.

Key Topics Covered:

* Executive Summary
* SWOT Analysis
* Malaysia Energy Market Overview
* Global Oil Market Outlook Q110
* Global Oil Market Review Q409
* Oil Supply, Demand And Price Outlook Q110
* Regional Energy Market Overview
* Business Environment Ranking
* Business Environment
* Industry Forecast Scenario
* Oil And Gas Infrastructure
* Macroeconomic Outlook
* Competitive Landscape
* Company Monitor
* Glossary Of Terms
* Oil And Gas Ratings: Revised Methodology
* Oil And Gas Outlook: Long-Term Forecasts
* Forecast Modelling

Companies Mentioned:

* Petroliam Nasional-Bhd (Petronas)
* ExxonMobil Sdn Bhd
* Shell Malaysia Ltd
* ConocoPhillips
* BP
* LTAT
* Chevron
* Murphy Oil
* Hess
* Talisman Energy
* Gulf Petroleum
* Total

For more information visit
http://www.researchandmarkets.com/research/166644/malaysia_oil_and_g

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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