http://nz.biz.yahoo.com//091029/24/fdog.html
Research and Markets (http://www.researchandmarkets.com/research/fcc350/malaysia_oil_and_g)
has announced the addition of the "Malaysia
Oil and Gas Report Q4 2009" report to their offering.
This Malaysia Oil and Gas Report provides industry professionals and
strategists, corporate analysts, oil and gas associations, government
departments and regulatory bodies with independent forecasts and
competitive intelligence on Malaysia oil and gas industry
The latest Malaysia Oil & Gas Report from BMI forecasts that the country
will account for 1.95% of Asia Pacific regional oil demand by 2013,
while providing 8.52% of supply. Asia Pacific regional oil use of
21.40mn barrels per day (b/d) in 2001 reached 25.67mn b/d in 2008. It
should average 24.83mn b/d in 2009, then rise to around 28.51mn b/d by
2013. Regional oil production was just under 8.41mn b/d in 2001, and
averaged 8.45mn b/d in 2008. It is set to increase to 8.75mn b/d by
2013. In 2001 the region was importing an average 12.99mn b/d. This
total had risen to an estimated 17.22mn b/d in 2008, and is forecast to
reach 19.76mn b/d by 2013.
In terms of natural gas, in 2008 the region consumed 459bn cubic metres
(bcm) and demand of 562bcm is targeted for 2013. Production of 356bcm in
2008 should reach 488bcm in 2013, but implies net imports easing from an
estimated 102bcm per annum in 2008 to 74bcm in 2013. This is in spite of
many Asian gas producers being major exporters. Malaysia's share of gas
consumption in 2008 was 6.69%, while its share of production was 17.54%.
By 2013 its share of gas consumption is forecast to be 6.02%, with the
country accounting for 17.41% of supply.
For 2009 as a whole, the publisher is now assuming an average OPEC
basket price of US$55.00 per barrel (bbl), a 41.5% decline year-on-year
(y-o-y). This represents an upgrade from the US$52 forecast they have
stuck with during the past three quarters. Their OPEC basket assumption
delivers likely Brent, WTI, Urals and Dubai prices of US$56.30,
US$57.50, US$55.60 and US$55.60/bbl respectively. For 2010,the publisher
expects to see a recovery to US$60.00/bbl for the OPEC price (up from
their previous forecast of US$58), gaining further ground to US$65.00 in
2011 and to US$70.00/bbl in 2012. Their post-2010 forecasts are
unchanged and the publisher is continuing to use a long-term price
assumption of US$70.00 for 2013-2018.
In 2009, BMI is now assuming a global average gasoline price of
US$62.12/bbl, with the fuel having peaked in June. The overall y-o-y
fall in 2009 gasoline prices is put at 40.0%. The BMI gasoil forecast is
for an average price of US$68.62/bbl, assuming a monthly high of
US$92.49/bbl in December. The full year outturn represents a 43.4% fall
from the 2008 level. The annual jet price level for 2009 is forecast to
be US$65.17/bbl. This compares with US$124.95/bbl in 2008. The 2009
average naphtha price is put by BMI at US$49.06/bbl, down 43.9% from the
previous year's level.
Malaysian real GDP is now forecast by BMI to fall by 3.4% in 2009,
compared with the 2008 growth rate of 4.6%. The publisher is assuming
2.6% growth in 2010, 4.5% in 2011, 4.7% in 2012, followed by 4.5% in
2013. State-owned Petronas operates in partnership with various
international oil companies (IOCs) under a production sharing system
that the publisher believes will result in oil production of 745,000b/d
by 2013. Consumption is forecast to rise by up to 2% per annum to 2013,
implying demand of 557,000b/d. Malaysia's gas exports are set to rise
from 31.8bcm in 2008 to 51.2bcm in 2013, with production climbing from
62.5bcm to 85.0bcm over the period.
Key Topics Covered:
Executive Summary
SWOT Analysis
Malaysia Energy Market Overview
Business Environment Ranking
Business Environment
Industry Forecast Scenario
Long-Term Energy Outlook
Company Monitor
Glossary of Terms
Methodology & Risks To Forecasts
Companies Mentioned:
Petroliam Nasional-Bhd (Petronas)
ExxonMobil Sdn Bhd
Shell Malaysia Ltd
ConocoPhillips
BP
LTAT
Chevron
Murphy Oil
Hess
Talisman
Gulf Petroleum
Total
Newfield Exploration
For more information visit http://www.researchandmarkets.com/research/fcc350/malaysia_oil_and_g
Contact:Research and MarketsLaura Wood, Senior Manager,press@researchandmarkets.comU.S.
Fax: 646-607-1907Fax (outside U.S.): +353-1-481-1716
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