Between 2013 and 2023, Malaysia’s natural gas liquids production demonstrated substantial fluctuations. The year-on-year variations provided key insights: a notable drop in 2015 by 10.55%, a significant recovery in 2016 with an increase of 70.71%, followed by more stable yet positive shifts through 2018 to 2023. In 2023, the production stood at 66.64 thousand barrels per day, representing a 3.33% increase from the previous year.
The Compound Annual Growth Rate (CAGR) over the recent 5-year period leading up to 2023 was around 2.18%, reflecting moderate growth despite year-on-year variabilities. Looking forward, Malaysia's natural gas liquids production is forecasted to exhibit a CAGR of 1.65% from 2024 to 2028, culminating in a growth rate of 8.54% over this period.
Future trends to watch for:
- Technological advancements aimed at improving extraction efficiency.
- Policy changes that could influence production dynamics, including environmental regulations.
- Market demand shifts driven by global energy consumption patterns.
