Southeast Asia · MYS
Malaysia
A mature LNG exporter whose domestic gas is getting scarce. Petronas still funds the federation.
Oil production
0.6 mb/d
0.9 mb/d demand
Net oil
-0.4 mb/d
Export surplus
Gas production
75 bcm
Net +33 bcm
O&G rent
4.8%
Fiscal breakeven $50
Oil balance
Production versus demand, 2025, million barrels per day.
Gas balance
Production versus demand, 2025, billion cubic metres.
Proven oil
3 bn bbl
Gas reserves
0.9 tcm
Refining
0.7 mb/d
LNG
27 bcm export
Hydrocarbon mix
Oil versus gas in this country’s oil-and-gas demand (oil-equivalent).
- Oil38%
- Gas63%
Inflows and outflows
What leaves. What arrives.
Malaysia outflows 0 kb/d crude, 34 bcm LNG. Inflows 0 kb/d crude, 0 bcm LNG.
Local crude
Priced off the waterborne tape.
No local futures contract on this board. Brent, Dubai and WTI still set the netback. Open the flows desk for the markers that moved when Maduro was ousted and when the Iran war started.
Crude flowsMapped crude
Barrels per day.
This economy is not on the mapped seaborne board. The corridors that rewired in 2026 are on Flows.
LNG out
- Japan15 bcm+1 bcm
- China12 bcm+2 bcm
- South Korea7 bcm+1 bcm
LNG in
None mapped.
Economy
Oil-and-gas receipts remain a fiscal pillar. Coal in the peninsula power mix is the climate contradiction. Data-centre load in Johor is the new demand shock.
- GDP
- $0.5 tn
- Population
- 35.0 m
- Oil intensity
- 0.7 bbl /$1k
- Oil & gas rent
- 4.8% GDP
- Hydrocarbon trade
- -2.2% GDP
- Fiscal breakeven
- $50 /bbl
- $30 oil shock
- -8.3 pp GDP
- Club
- Independent
Projected oil demand
Regional IEA WEO 2025 oil pathways applied to this country’s 2025 baseline. STEPS 2035 demand 1.2 mb/d (net -0.7) versus NZE 0.7 mb/d (net -0.4).
| Scenario | 2025 | 2030 | 2035 | 2050 |
|---|---|---|---|---|
| Stated Policies | 0.9 | 1.0 | 1.2 | 1.4 |
| Net Zero 2050 | 0.9 | 0.9 | 0.7 | 0.3 |
| Current Policies | 0.9 | 1.1 | 1.2 | 1.5 |