Oil and gas trends and implications in Malaysia
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...
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| Format: | Article |
| Language: | English |
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Elsevier Ltd.
2012
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| Subjects: | |
| Online Access: | http://ir.unimas.my/id/eprint/17893/ http://ir.unimas.my/id/eprint/17893/7/Oil%20andgastrendsandimplicationsinMalaysia%20%28abstract%29.pdf |
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| author | Khalid, Abdul Rahim Audrey, Liwan |
| author_facet | Khalid, Abdul Rahim Audrey, Liwan |
| author_sort | Khalid, Abdul Rahim |
| building | UNIMAS Institutional Repository |
| collection | Online Access |
| description | 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. |
| first_indexed | 2025-11-15T06:54:48Z |
| format | Article |
| id | unimas-17893 |
| institution | Universiti Malaysia Sarawak |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-15T06:54:48Z |
| publishDate | 2012 |
| publisher | Elsevier Ltd. |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | unimas-178932017-10-11T03:59:12Z http://ir.unimas.my/id/eprint/17893/ Oil and gas trends and implications in Malaysia Khalid, Abdul Rahim Audrey, Liwan HC Economic History and Conditions 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. Elsevier Ltd. 2012 Article PeerReviewed text en http://ir.unimas.my/id/eprint/17893/7/Oil%20andgastrendsandimplicationsinMalaysia%20%28abstract%29.pdf Khalid, Abdul Rahim and Audrey, Liwan (2012) Oil and gas trends and implications in Malaysia. Energy Policy, 50. pp. 262-271. ISSN 0301-4215 http://www.sciencedirect.com/science/article/pii/S0301421512005940 doi : 10.1016/j.enpol.2012.07.013 |
| spellingShingle | HC Economic History and Conditions Khalid, Abdul Rahim Audrey, Liwan Oil and gas trends and implications in Malaysia |
| title | Oil and gas trends and implications in Malaysia |
| title_full | Oil and gas trends and implications in Malaysia |
| title_fullStr | Oil and gas trends and implications in Malaysia |
| title_full_unstemmed | Oil and gas trends and implications in Malaysia |
| title_short | Oil and gas trends and implications in Malaysia |
| title_sort | oil and gas trends and implications in malaysia |
| topic | HC Economic History and Conditions |
| url | http://ir.unimas.my/id/eprint/17893/ http://ir.unimas.my/id/eprint/17893/ http://ir.unimas.my/id/eprint/17893/ http://ir.unimas.my/id/eprint/17893/7/Oil%20andgastrendsandimplicationsinMalaysia%20%28abstract%29.pdf |