Market Size of Malaysia Oil and Gas Midstream Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 2.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oil and Gas in Malaysia Market Analysis
The Malaysia Oil and Gas Midstream Market is projected to register a CAGR of over 2% during the forecast period.
COVID-19 negatively impacted the market in 2020. Presently the market has reached pre-pandemic levels.
- Over the medium term, the increasing demand for oil and gas and increasing pipeline projects are expected to drive the market.
- On the other hand, the country's decreasing oil and gas production is expected to hinder the market's growth.
- Nevertheless, increasing gas trading with Asia has resulted in neighboring countries turning to Malaysia for storage. Companies in Malaysia can meet the rising storage demands. This is expected to create enormous opportunities for the Malaysia oil and gas midstream market.
