Overview:

This profile is the essential source for top-level energy industry data and information. The report provides an overview of each of the key sub-segments of the energy industry in Malaysia. It details the market structure, regulatory environment, infrastructure and provides historical and forecasted statistics relating to the supply/demand balance for each of the key sub-segments. It also provides information relating to the natural gas assets (gas fields, LNG terminals, pipelines and underground gas storage terminals) in Malaysia. The report also analyses the fiscal regime relevant to the natural gas assets in Malaysia and compares the investment environment in Malaysia with other countries in the region. The profiles of the major companies operating in the natural gas sector in Malaysia together with the latest news and deals are also included in the report.

Scope

- Historic and forecast data relating to production, consumption, imports, exports and reserves are provided for each industry sub-segment for the period 1996-2020.
- Historical and forecast data and information for all the major gas fields, LNG Terminals, pipelines and underground gas storage terminals in Malaysia for the period 2000-2013.
- Operator and equity details for major natural gas assets in Malaysia.
- Key information relating to market regulations, key energy assets and the key companies operating in the Malaysia’s energy industry.
- Detailed information on key fiscal terms (such as rents, bonuses, royalty, cost recovery and corporate taxes) pertaining the geography is also provided. A sample calculation detailing how fiscal terms apply to a typical asset in the regime is included.
- Information on the top companies in the Malaysia including business description, strategic analysis, and financial information.
- Product and brand updates, strategy changes, R&D projects, corporate expansions and contractions and regulatory changes.
- Key mergers and acquisitions, partnerships, private equity and venture capital investments, and IPOs.

Reasons to buy

- Gain a strong understanding of the country’s energy market.
- Facilitate market analysis and forecasting of future industry trends.
- Evaluate the attractiveness of the geography for gas investment in the light of government policies and the fiscal environment.
- Facilitate decision making on the basis of strong historic and forecast production, reserves and capacity data.
- Understand the geography’s policies and fiscal terms, and their impact on contractor’s profits from upstream gas assets.
- Assess your competitor’s major natural gas assets and their performance.
- Analyze the latest news and financial deals in the gas sector of each country.
- Develop strategies based on the latest operational, financial, and regulatory events.
- Do deals with an understanding of how competitors are financed, and the mergers and partnerships that have shaped the market.
- Identify and analyze the strengths and weaknesses of the leading companies in the country.

Companies Mentioned
 

Petroliam Nasional Berhad (PETRONAS)
Royal Dutch Shell plc
Exxon Mobil Corporation

1 Table Of Contents 2
1.1 List of Tables 8
1.2 List of Figures 10
2 Malaysia, Energy Sector 11
2.1 Malaysia Energy Sector, Market Overview 11
2.2 Malaysia Energy Sector, Natural Gas 12
2.2.1 Malaysia Natural Gas, Overview 12
2.2.2 Malaysia Natural Gas, Supply and Demand Balance 12
2.2.3 Malaysia Natural Gas, Regulatory Structure 18
2.2.4 Malaysia Natural Gas, Infrastructure 18
3 Malaysia Fiscal Regime 20
3.1 Malaysia Petroleum Fiscal Environment 20
3.1.1 Governing Law 20
3.1.2 Licensing Authority 20
3.1.3 State Participation 20
3.2 License Terms 20
3.2.1 Exploration License (EL) Duration 20
3.2.2 Relinquishment during Exploration 20
3.2.3 Exploration obligation 20
3.2.4 Production Rights, Area & Duration 20
3.3 Key Fiscal Terms 20
3.3.1 Royalty 20
3.3.2 Fee 21
3.3.3 Bonuses 21
3.3.4 Cost Recovery 21
3.3.5 Profit Sharing 21
3.3.6 Taxation 22
3.3.7 Deductions and Depreciation 23
3.3.8 Withholding Tax 23
3.3.9 Ring Fence 23
3.4 Malaysia, Fiscal System - Economic Modeling Methodology 24
3.4.1 Economic Modeling Methodology 25
3.5 Malaysia, Fiscal System - Sample Economics 26
3.6 Malaysia, Fiscal System - Sample Asset Valuation 27
4 Malaysia Gas Upstream Investment Environment Benchmarking 28
4.1 Introduction 28
4.2 The Overall Ranking 28
4.3 Upstream Fiscal Attractiveness 29
4.3.1 Maximum Government Take Index 30
4.3.2 Maximum State Participation 30
4.4 Gas Sector Performance 30
4.4.1 Exploration Activity 33
4.4.2 Gas Production 34
4.4.3 Gas Reserves 34
4.4.4 Gas Consumption 34
4.5 Economic Performance 35
4.5.1 GDP Growth Index 36
4.5.2 FDI Confidence Index 36
4.5.3 Balance of Trade Index 37
4.6 Socio-Political Performance 37
4.6.1 Democracy Index 38
4.6.2 Governance Index 39
5 Malaysia Exploration and Production Sector 40
5.1 Malaysia Exploration and Production Sector, Country Snapshot 40
5.1.1 Malaysia Exploration and Production Sector, Key Data 40
5.1.2 Malaysia Exploration and Production Sector, Natural Gas Assets Map 40
5.2 Malaysia Exploration and Production Sector, Marketed Natural Gas Production 41
5.2.1 Malaysia Exploration and Production Sector, Marketed Natural Gas-Historical Production 41
5.2.2 Malaysia Exploration and Production Sector, Marketed Natural Gas Production by Type 42
5.2.3 Malaysia Exploration and Production Sector, Marketed Natural Gas Production by Assets 43
5.2.4 Malaysia Exploration and Production Sector, Marketed Equity Weighted Natural Gas Production by Company 44
5.2.5 Malaysia Exploration and Production Sector, Market Share based on Marketed Equity Weighted Natural Gas Production 45
5.3 Malaysia Exploration and Production Sector, Marketed Natural Gas Forecasts 46
5.3.1 Malaysia Exploration and Production Sector, Marketed Natural Gas Forecasted Production 46
5.3.2 Malaysia Exploration and Production Sector, Gross Revenue Forecast 47
5.3.3 Malaysia Exploration and Production Sector, Government Take Forecast 47
5.3.4 Malaysia Exploration and Production Sector, Contractor Take Forecast 48
5.4 Malaysia Exploration And Production Sector, Natural Gas Asset Details 48
5.4.1 Malaysia Exploration And Production Sector, Active Natural Gas Asset Details 48
5.4.2 Malaysia Exploration And Production Sector, Planned Natural Gas Asset Details 49
5.5 Malaysia, Major Natural Gas Discoveries, 2004-2009 49
5.5.1 Malaysia, Natural Gas Discoveries by Year, 2004-2009 49
5.5.2 Malaysia, Natural Gas Discovery Details, 2004-2009 50
5.6 Malaysia Exploration And Production Sector, Recent Discoveries 51
5.6.1 Jun 12, 2009: Murphy Oil Announces Additional Discoveries In Malaysia 51
5.7 Malaysia Exploration And Production Sector, Drilling and Production Updates 51
5.7.1 May 06, 2010: Murphy Oil Updates On Its Exploration Activities 51
5.7.2 Nov 09, 2009: Petrovietnam To Exploit Two New Oil And Gas Wells By End Of 2009 52
5.7.3 Nov 03, 2009: Hess To Boost Its Southeast Asia Natural Gas Output To 100,000 Boepd Within Next Five Years 52
5.7.4 Sep 18, 2009: Murphy Oil Announces First Production From Sarawak Natural Gas Project In Malaysia 53
5.7.5 Jun 16, 2009: Talisman Energy Begins Production From Northern Fields Project, Offshore Malaysia And Vietnam 53
6 Malaysia FPSO Industry 54
6.1 Malaysia FPSO Industry, FPSO Capacity Details by Vessel 54
6.2 Malaysia FPSO Industry, FPSO Vessel Specifications 54
7 Malaysia Pipeline Sector 55
7.1 Malaysia Pipeline Sector, Key Data 55
7.2 Malaysia Pipeline Sector, An Overview 55
7.3 Malaysia Pipeline Sector, Comparision of Key Natural Gas Pipeline Companies 55
7.4 Malaysia Pipeline Sector, Natural Gas Pipelines 57
8 Malaysia LNG Sector 59
8.1 Malaysia LNG Sector, Key Data 59
8.2 Malaysia LNG Sector, Liquefaction 59
8.2.1 Malaysia LNG Sector, Liquefaction, Total Liquefaction Capacity 59
8.2.2 Malaysia LNG Gas Sector, Capacity- Wise Market Share by Company 60
8.2.3 Malaysia LNG Sector, Liquefaction Capacity by Terminal 61
9 Profile of Petroliam Nasional Berhad (PETRONAS) 62
9.1 Petroliam Nasional Berhad (PETRONAS), Key Information 62
9.2 Petroliam Nasional Berhad (PETRONAS), Company Overview 62
9.3 Petroliam Nasional Berhad (PETRONAS), Business Description 62
9.3.1 Business Overview 62
9.3.2 Exploration and Production Segment 63
9.3.3 Gas Business Segment 65
9.3.4 Logistics and Maritime Segment 66
9.3.5 Oil Business Segment 67
9.3.6 Petrochemicals Segment 69
9.4 Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 70
9.4.1 Overview 70
9.4.2 Petroliam Nasional Berhad (PETRONAS) Strengths 70
9.4.3 Petroliam Nasional Berhad (PETRONAS) Weaknesses 71
9.4.4 Petroliam Nasional Berhad (PETRONAS) Opportunities 72
9.4.5 Petroliam Nasional Berhad (PETRONAS) Threats 73
10 Profile of Royal Dutch Shell plc 74
10.1 Royal Dutch Shell plc, Key Information 74
10.2 Royal Dutch Shell plc, Company Overview 74
10.3 Royal Dutch Shell plc, Business Description 74
10.3.1 Business Overview 74
10.3.2 Corporate 75
10.3.3 Downstream 75
10.3.4 Upstream 77
10.4 Royal Dutch Shell plc, WOT Analysis 79
10.4.1 Overview 79
10.4.2 Royal Dutch Shell plc Strengths 80
10.4.3 Royal Dutch Shell plc Weaknesses 81
10.4.4 Royal Dutch Shell plc Opportunities 82
10.4.5 Royal Dutch Shell plc Threats 83
11 Profile of Exxon Mobil Corporation 85
11.1 Exxon Mobil Corporation, Key Information 85
11.2 Exxon Mobil Corporation, Company Overview 85
11.3 Exxon Mobil Corporation, Business Description 85
11.3.1 Business Overview 85
11.3.2 Chemical 86
11.3.3 Downstream 87
11.3.4 Upstream 88
11.4 Exxon Mobil Corporation, SWOT Analysis 90
11.4.1 Overview 90
11.4.2 Exxon Mobil Corporation Strengths 91
11.4.3 Exxon Mobil Corporation Weaknesses 92
11.4.4 Exxon Mobil Corporation Opportunities 94
11.4.5 Exxon Mobil Corporation Threats 95
12 Financial Deals Landscape 97
12.1 Detailed Deal Summary 97
12.1.1 Acquisition 97
12.1.2 Debt Offerings 99
12.1.3 Partnerships 102
12.1.4 Asset Transactions 107
13 Recent Developments 109
13.1 Strategy and Business Expansion 109
13.1.1 Apr 21, 2010: Murphy Oil Announces Termination Of PSCs For Blocks L And M In Malaysia 109
13.1.2 Mar 06, 2010: Ghana Seeks Help From Malaysia To Develop Its Oil And Gas Sector 109
13.1.3 Jan 12, 2010: Pertamina To Build Gas Stations In Australia And Malaysia 109
13.2 Other Significant Developments 110
13.2.1 Jun 09, 2010: ExxonMobil To Invest $1 Billion On Malaysia's Tapis Field 110
13.2.2 Jun 08, 2010: ConocoPhillips In Talks With Petronas To Expand Its Malaysian Acreage 110
13.2.3 Apr 08, 2010: Petronas Prepares Petrochemical And Heavy Engineering Businesses For Listing 110
13.2.4 Mar 24, 2010: Petronas Denies Huge Oil Field Discovery In Malaysia 111
13.2.5 Mar 08, 2010: Petronas Signs Gas Sales Agreement For LNG Plant In Bintulu, Malaysia 112
13.2.6 Mar 01, 2010: Petra Perdana Non-Executive Director Ahmad bin Haji Mohd Sharkan Resigns 112
13.2.7 Feb 22, 2010: Iran Signs Agreement With A Malaysian Company For Development Of Resalat Oilfield 113
13.2.8 Feb 04, 2010: Petronas Appoints Datuk Shamsul Azhar Abbas As President And CEO 113
13.2.9 Feb 03, 2010: Petronas Appoints Shamsul Azhar Abbas As Its New CEO 113
13.2.10 Jan 28, 2010: Distinct Objective Signs MoU For TOGP Project 113
13.2.11 Jan 11, 2010: Murphy Oil Announces Results From First Eagle Ford Shale Well And Update Of Drilling Activities 114
13.2.12 Jan 11, 2010: GLNG Extends Timeframe To Supply LNG To Petronas 114
14 Appendix 115
14.1 Methodology 115
14.1.1 Coverage 116
14.1.2 Secondary Research 117
14.1.3 Primary Research 117
14.1.4 E&P Forecasts 117
14.1.5 Midstream Forecasts 119
14.1.6 Expert Panel Validation 119
14.2 Contact Us 119
14.3 About GlobalData 120
14.4 Disclaimer 120

1.1 List of Tables
Table 1: Malaysia, Historic and Forecast Production and Consumption of Natural Gas, 1996-2020 13
Table 2: Malaysia, Historic and Forecast Exports of Natural Gas, 1996-2020 15
Table 3: Malaysia, Historic Reserves of Natural Gas, 1996-2009 17
Table 4: Malaysia, Crude Oil and Natural Gas, Deep-Water Cost Recovery, 2009 21
Table 5: Malaysia, Crude Oil and Natural Gas, Cost Recovery Ceiling and Profit Oil/Gas, 2009 22
Table 6: Malaysia, Crude Oil, Deep Waters Profit Oil, 2009 22
Table 7: Malaysia, Natural Gas, Deep Waters Profit Gas, 2009 22
Table 8: Malaysia, Crude Oil and Natural Gas, Capital Allowance, 2009 23
Table 9: Malaysia, Remaining NPV, Sensitivity to Discount Rates. 27
Table 10: Asia Pacific, Investment Benchmarking, Overall Country Rankings, July 2010 28
Table 11: Asia Pacific, Investment Benchmarking, Upstream Fiscal Attractiveness, July 2010 29
Table 12: Asia Pacific, Investment Benchmarking, Gas Sector Performance, July 2010 31
Table 13: Asia Pacific, Investment Benchmarking, Economic Performance, July 2010 35
Table 14: Asia Pacific, Country Standings, Economic Performance, July 2010 35
Table 15: Asia Pacific, Investment Benchmarking, Socio-Political Performance, July 2010 37
Table 16: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 38
Table 17: Malaysia, Natural Gas Key Statistics, 2009 40
Table 18: Malaysia, Total Natural Gas Production (MMcf), 2002- 2009 41
Table 19: Malaysia, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 42
Table 20: Malaysia, Total Marketed Natural Gas Production (MMcf), by Assets, 2002- 2009 43
Table 21: Malaysia, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002- 2009 44
Table 22: Malaysia, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2002-2009 45
Table 23: Malaysia, Marketed Natural Gas Production (MMcf), Forecast by Major Assets, 2010-2015 46
Table 24: Malaysia, Forecasted Major Assets-wise Gross Revenue (000'$), 2010-2015 47
Table 25: Malaysia, Projected Major Assets-wise Total Government Take (000'$), 2010-2015 47
Table 26: Malaysia, Projected Major Assets-wise Total Contractor Take (000'$), 2010-2015 48
Table 27: Malaysia, Active Gas Field Asset Details 48
Table 28: Malaysia, Planned Gas Field Asset Details 49
Table 29: Malaysia, Number of Gas Discoveries, 2004-2009 49
Table 30: Malaysia, Natural Gas Discovery Details, 2004-2009 50
Table 31: Malaysia FPSO Industry, FPSO Gas Production Capacities, 2009 54
Table 32: Malaysia FPSO Industry, FPSO Vessel Specifications, 2009 54
Table 33: Malaysia, Pipeline Key Statistics, 2009 55
Table 34: Malaysia, Natural Gas Pipeline Length by Company (Km), 2009 55
Table 35: Malaysia, Natural Gas Pipelines, 2009(Part 1) 57
Table 36: Malaysia, Natural Gas Pipelines, 2009 (Part 2) 58
Table 37: Malaysia, LNG Key Statistics, 2009 59
Table 38: Malaysia, Total Liquefaction Capacity (Million Tonnes), 2000-2015 59
Table 39: Malaysia, Liquefaction Capacity by Company (Million Tonnes), 2000-2015 60
Table 40: Malaysia, Liquefaction Capacity (Million Tonnes), 2000-2015 61
Table 41: Petroliam Nasional Berhad (PETRONAS), Key Facts 62
Table 42: Petroliam Nasional Berhad (PETRONAS), SWOT Analysis 70
Table 43: Royal Dutch Shell plc, Key Facts 74
Table 44: Royal Dutch Shell plc, SWOT Analysis 79
Table 45: Exxon Mobil Corporation, Key Facts 85
Table 46: Exxon Mobil Corporation, SWOT Analysis 90
Table 47: Royal Vopak Acquires Intercontinental Terminals From Mitsui And Tejana 97
Table 48: Tenaga Nasional Berhad Acquires Minority Interest in Coal International From Scenic Worldwide 98
Table 49: PETRONAS Completes Private Placement Of 5.25% Senior Notes For $3 Billion 99
Table 50: PETRONAS Completes Private Placement Of Islamic Trust Certificates Due 2014 For $1.5 Billion 100
Table 51: Petroliam Nasional To Issue Conventional Bonds 101
Table 52: Talisman Energy Enters Into Agreement With PETRONAS 102
Table 53: Petronas International, MISC Berhad And Mustang Engineering Enters Into Joint Venture 103
Table 54: UBG To Form Joint Venture With Mubadala Development 104
Table 55: Lundin Petroleum Signs Partnership Agreement With PETRONAS 105
Table 56: ExxonMobil Signs New Production Sharing Contract With PETRONAS 106
Table 57: Petroliam Nasional Awards PSC To Newfield Sarawak Malaysia, Mitsubishi And PETRONAS Carigali 107
Table 58: Total E&P Malaysia Acquires 70% Interest in Two Offshore Blocks in Malaysia From Petronas 108

1.2 List of Figures
Figure 1: Malaysia, Energy Sector break-up, 2009 11
Figure 2: Malaysia, Natural Gas Production And Consumption, Billion Cubic Feet, 1996-2020 14
Figure 3: Malaysia, Natural Gas Exports, Billion Cubic Feet, 1996-2020 16
Figure 4: Malaysia, Natural Gas Reserves, Billion Cubic Feet, 1996-2009 18
Figure 5: Malaysia, Full Field Economics, Sample Cash Flows. 24
Figure 6: Malaysia, Full Field Economics, Government and Contractor Takes 26
Figure 7: Malaysia, Full Field Economics, Post Tax Cash Flow vs. Gross Revenue 26
Figure 8: Malaysia, Full Field Economics, Project Post Tax Cash Flows At Various Discount Rates. 27
Figure 9: Asia Pacific, Country Standings, Upstream Fiscal Attractiveness, July 2010 30
Figure 10: Asia Pacific, Country Standings, Gas Sector Performance by Reserves-Exploration & Production, July 2010 32
Figure 11: Asia Pacific, Country Standings, Gas Sector Performance by Production-Consumption, July 2010 33
Figure 12: Asia Pacific, Country Standings, Exploration Blocks Awarded, July 2010 34
Figure 13: Asia Pacific, Country Standings, Economic Performance, July 2010 36
Figure 14: Asia Pacific, Country Standings, Socio-Political Performance, July 2010 38
Figure 15: Malaysia, Natural Gas Assets Map, 2009 40
Figure 16: Malaysia, Total Natural Gas Production (MMcf), 2002- 2009 41
Figure 17: Malaysia, Marketed Natural Gas Production by Type (MMcf), 2002- 2009 42
Figure 18: Malaysia, Marketed Equity Weighted Natural Gas Production (MMcf), by Company, 2002-2009 45
Figure 19: Malaysia, Market Share (%) based on Marketed Equity Weighted Natural Gas Production, 2009 46
Figure 20: Malaysia, Number of Gas Discoveries, 2004- 2009 50
Figure 21: Malaysia, Natural Gas Pipeline Length by Company (Km), 2009 56
Figure 22: Malaysia, Total Liquefaction Capacity (Million Tonnes), 2000-2015 60
Figure 23: Malaysia Liquefaction Capacity by Company (Million Tonnes), 2000-2015 61
Figure 24: GlobalData Methodology 116