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Oil and gas trends and implications in Malaysia

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  • Rahim, Khalid Abdul
  • Liwan, Audrey

Abstract

The trends of reserves, production and consumption of oil in Malaysia to meet the ever-increasing demands do not seem to show that oil and gas will be depleted soon, contrary to many reports. Malaysia’s net exporter status of oil continues to expand over time for as long as the value of exports is greater than the value of imports. Only in physical quantities of oil that Malaysia’s imports exceed exports, but this does not mean that Malaysia will be a net importer by then. Given higher prices of exports, the value of exports outweighs the value of imports. If the current reserves are extracted based on the domestic consumption trend of 1980–2010, Malaysia’s reserves will last until 2027 but based on the 1998–2010 trend, the reserves will be depleted by 2035. Malaysia has adopted a four fuel diversification strategy comprising oil, gas, coal and hydro, instead of heavily dependent on oil. Gas has a huge potential for domestic utilization as well as for exports to increase revenues. Malaysia is one of the few countries having many types of renewable energy sources. Malaysia has great potential in biomass utilization as renewable resources mostly from the existing natural forest and planned plantations.

Suggested Citation

  • Rahim, Khalid Abdul & Liwan, Audrey, 2012. "Oil and gas trends and implications in Malaysia," Energy Policy, Elsevier, vol. 50(C), pages 262-271.
    • Handle: RePEc:eee:enepol:v:50:y:2012:i:c:p:262-271
    DOI: 10.1016/j.enpol.2012.07.013
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    Cited by:

    1. Kardooni, Roozbeh & Yusoff, Sumiani Binti & Kari, Fatimah Binti, 2016. "Renewable energy technology acceptance in Peninsular Malaysia," Energy Policy, Elsevier, vol. 88(C), pages 1-10.
    2. Hannan, M.A. & Begum, R.A. & Abdolrasol, M.G. & Hossain Lipu, M.S. & Mohamed, A. & Rashid, M.M., 2018. "Review of baseline studies on energy policies and indicators in Malaysia for future sustainable energy development," Renewable and Sustainable Energy Reviews, Elsevier, vol. 94(C), pages 551-564.
    3. How, Bing Shen & Ngan, Sue Lin & Hong, Boon Hooi & Lam, Hon Loong & Ng, Wendy Pei Qin & Yusup, Suzana & Ghani, Wan Azlina Wan Abd Karim & Kansha, Yasuki & Chan, Yi Herng & Cheah, Kin Wai & Shahbaz, Mu, 2019. "An outlook of Malaysian biomass industry commercialisation: Perspectives and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 113(C), pages 1-1.
    4. Jean Gaston Tamba & Salom Ndjakomo Essiane & Emmanuel Flavian Sapnken & Francis Djanna Koffi & Jean Luc Nsouand l & Bozidar Soldo & Donatien Njomo, 2018. "Forecasting Natural Gas: A Literature Survey," International Journal of Energy Economics and Policy, Econjournals, vol. 8(3), pages 216-249.
    5. Foo, K.Y., 2015. "A vision on the opportunities, policies and coping strategies for the energy security and green energy development in Malaysia," Renewable and Sustainable Energy Reviews, Elsevier, vol. 51(C), pages 1477-1498.
    6. Azis, Shazmin Shareena Ab., 2021. "Improving present-day energy savings among green building sector in Malaysia using benefit transfer approach: Cooling and lighting loads," Renewable and Sustainable Energy Reviews, Elsevier, vol. 137(C).
    7. Lean, Hooi Hooi & Smyth, Russell, 2014. "Are shocks to disaggregated energy consumption in Malaysia permanent or temporary? Evidence from LM unit root tests with structural breaks," Renewable and Sustainable Energy Reviews, Elsevier, vol. 31(C), pages 319-328.
    8. Chinhao Chong & Weidou Ni & Linwei Ma & Pei Liu & Zheng Li, 2015. "The Use of Energy in Malaysia: Tracing Energy Flows from Primary Source to End Use," Energies, MDPI, vol. 8(4), pages 1-39, April.
    9. Lean, Hooi Hooi & Smyth, Russell, 2014. "Disaggregated energy demand by fuel type and economic growth in Malaysia," Applied Energy, Elsevier, vol. 132(C), pages 168-177.
    10. Lee, Chien-Chiang & Ho, Shan-Ju, 2022. "Impacts of export diversification on energy intensity, renewable energy, and waste energy in 121 countries: Do environmental regulations matter?," Renewable Energy, Elsevier, vol. 199(C), pages 1510-1522.
    11. Roozbeh Kardooni & Sumiani Binti Yusoff & Fatimah Binti Kari, 2015. "Barriers to Renewable Energy Development: Five Fuel Policy in Malaysia," Energy & Environment, , vol. 26(8), pages 1353-1361, December.
    12. Zalina Zainal, Zalina & Aziz, Mukhriz Izraf Azman & Md. Salleh, Mohd Faisol, 2021. "The Effect of Asymmetrical Relationship of Oil Price Shocks on Gross Domestic Product," Jurnal Ekonomi Malaysia, Faculty of Economics and Business, Universiti Kebangsaan Malaysia, vol. 55(2), pages 121-135.
    13. Zeynalov, Ayaz, 2013. "Do Sufficient Institutions Alter the Relationship between Natural Resources And Economic Growth?," MPRA Paper 46850, University Library of Munich, Germany.
    14. Zhao, Laijun & Li, Deqiang & Guo, Xiaopeng & Xue, Jian & Wang, Chenchen & Sun, Wenjun, 2021. "Cooperation risk of oil and gas resources between China and the countries along the Belt and Road," Energy, Elsevier, vol. 227(C).
    15. Siti Norasyiqin Abdul Latif & Meng Soon Chiong & Srithar Rajoo & Asako Takada & Yoon-Young Chun & Kiyotaka Tahara & Yasuyuki Ikegami, 2021. "The Trend and Status of Energy Resources and Greenhouse Gas Emissions in the Malaysia Power Generation Mix," Energies, MDPI, vol. 14(8), pages 1-26, April.

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