In 2023, the Liquefied Natural Gas (LNG) import volume in Malaysia stood at 3.60 Billion Cubic Meters. Forecasted imports show a consistent upward trend: 3.73 Billion Cubic Meters in 2024, 3.87 in 2025, 4.02 in 2026, 4.17 in 2027, and 4.32 in 2028. Year-on-year variations exhibit a steady increase of approximately 3.6% between 2023-2024 and continue with similar growth patterns: 3.6% for 2024-2025, 3.9% for 2025-2026, 3.7% for 2026-2027, and 3.6% for 2027-2028. The compound annual growth rate (CAGR) for the forecasted period stands at around 3.7% per year.
Future trends to watch for include technological advancements in LNG infrastructure, governmental policies on energy imports, and global LNG market dynamics. The growth in renewable energy adoption and potential shifts in global supply and demand trends due to economic or geopolitical factors could also impact Malaysia's LNG import volumes.
