With production diminishing from maturing oil fields, domestic consumption on the rise and an increasing amount of lucrative natural gas destined for the export market, Malaysia is stepping up efforts to stem the tide of increasing energy demand by significantly boosting capital expenditures in the upstream sector. If successful, this...
While sustained economic expansion has created unprecedented opportunities for many Malaysians and given rise to more value-added industries, the energy infrastructure underpinning this growth is under increasing stress. To address the escalating challenge and stem mounting subsidy payments, the government and various stakeholders are...
With Malaysia’s steady economic growth and expected regional surge in energy demand, the country’s oil and gas sector continues to play a key role economically, socially and strategically. Most of the country’s major oil-producing fields are in the west, with the Sabah and Sarawak basins in the east. As mature oil fields continue to decline in production, development of new fields has shifted...
Malaysia’s natural resources and its well-educated population are some of the many credentials that keep the country in good stead, with priorities centred on preparing for the ASEAN Economic Community in 2015 and steering the policy framework toward more inclusive political representation. The economy is built around global trade, and the government is working to encourage greater private investment.
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