Market Size of Malaysia Oil And Gas Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 679.38 Thousand barrels per day |
| Market Volume (2029) | 728.29 Thousand barrels per day |
| CAGR (2024 - 2029) | 1.40 % |
| Market Concentration | Medium |
Major Players.webp){kind=logo}
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Malaysia Oil and Gas Market Analysis
The Malaysia Oil And Gas Market size in terms of production volume is expected to grow from 679.38 Thousand barrels per day in 2024 to 728.29 Thousand barrels per day by 2029, at a CAGR of 1.40% during the forecast period (2024-2029).
- Over the medium term, factors such as supportive government policies, growing efforts to boost domestic oil and gas and LNG production, the surge in demand for refined petroleum products, and upcoming oil & gas projects and upgrades are expected to drive the market.
- On the other hand, the high volatility of crude oil prices due to many factors and the increasing adoption of renewable energy may restrain the market.
- Nevertheless, a high number of discoveries in recent years and ongoing exploration activities are expected to provide a significant opportunity for players in the country's oil and gas market.
