Malaysian gas industry
Summary
Key company in Malaysian gas industry is state-owned Petronas (short for Petroliam Nasional Berhad).
Malaysia is currently the number five LNG exporter - significantly behind USA, Qatar and Australia and slightly behind Russia. Average monthly LNG production at Malaysian LNG plants is about 2 million tons and varies greatly from month to month.
Key shipper of Malaysian LNG is Malaysian International Shipping Corporation.
The structure of importers of Malaysian LNG is dominated by Japan, China and South Korea - export directions are determined by the geographical position of Malaysia in the center of the Asian market.
In October 2025, it became known that the government plans to make natural gas the main fuel of the local electric power industry by 2032 and replace coal in this capacity. Thus, the government will invest in a wide range of gas assets.
Map of gas industry
LNG Plants
The largest and until recently the only LNG plant in Malaysia, Petronas LNG, is located on the island of Borneo (aka Kalimantan) in Sarawak State near the city of Bintulu. Currently, it consists of 9 lines with different shareholder structures. The key shareholder is the state oil and gas company Petronas. This plant is one of the five largest plants in the world.
LNG is also produced and shipped from two floating LNG plants operating on the resource of offshore fields in Sarawak - PFLNG Satu and PFLNG Duo. The names of these floating LNG plants are translated from Malay as the first and the second.
LNG Loadings
The table “Monthly LNG loadings volumes at Malaysian LNG plants“ provides statistics on the loading of gas carriers at Malaysian LNG plants with aggregation for calendar months. The data is available from October 2022. 01.MM.YYYY means shipments for the entire calendar month starting on that day. Shipments for the current month are indicated by cumulative total from the first day of the month to the current date. The delay in receiving data is up to one day. The data is updated automatically.
Export destinations
Export directions are determined by geographical position of Malaysia in the center of Asian market. Japan, China and South Korea dominate among importers of Malaysian LNG.
Domestic market
Gas-fired power generation
Installed capacity of gas-fired TPPs in the country is 16.8 GW. Theoretical maximum demand from gas generation is 102 mcm/d.
Notes:
Advanced real-time analytics for LNG trade are available by subscription (please contact us via info@seala.ai).
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