The natural gas revenue in Malaysia has shown an overall increasing trend from 2013 to 2023, with values starting at MYR 46.66 billion in 2013 and reaching MYR 58.91 billion in 2023. The year-on-year variation displayed fluctuations, with notable growth in 2014 (9.52%) and a significant decline in 2020 (-14.48%). Over the last five years, there has been an average annual growth (CAGR) of 1.65% from 2018 to 2023.
The forecast from 2024 to 2028 indicates a gradual increase in revenue, with a projected CAGR of 1.96% over the next five years and an overall growth rate of 10.19% for that period. Future trends to watch for include:
- Global market dynamics and geopolitical factors affecting natural gas prices
- Technological advancements and innovations in natural gas extraction and processing
- Government policies and regulatory changes impacting the energy sector
- Shifts in domestic demand and export capabilities
- Emerging alternative energy sources and sustainability initiatives