In 2023, the import of Liquefied Natural Gas (LNG) to Malaysia stood at 797.27 million USD. Analyzing the year-on-year variation, the import value saw a modest increase of 3.42% in 2023, compared to 3.62% in 2022 and 25.1% in 2021. Over the last five years, the compound annual growth rate (CAGR) was 3.32%. Looking forward, the forecasted CAGR from 2023 to 2028 is 2.51%, signifying a steady yet moderate growth, with an estimated import value of 935.05 million USD by 2028.
Future trends to watch for include global LNG market dynamics, geopolitical changes impacting gas supply routes, Malaysia's economic growth, and advancements in renewable energy. These factors could influence the demand and import patterns of LNG in Malaysia.
