Malaysian Liquefied Natural Gas (LNG) exports stood at 35.07 Billion Cubic Meters in 2023. Historically, export values have experienced fluctuations, with notable years of decrease such as -8.51% in 2018 and -7.51% in 2020, and years of increase such as 11.83% in 2022. From 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 1.23%, indicating modest growth. Forecasts suggest a steady but slow increase, with a 0.13% CAGR and 0.67% growth rate by 2028.
Future trends to watch for:
- Geopolitical events affecting global energy supply and demand.
- Advancements in extraction and liquefaction technologies.
- Shifts in global policies towards renewable energy sources.
- Development of new markets and trade partnerships.
