Malaysia is expected to contribute about 12% or 3.1 billion cubic feet (bcf) of global natural gas production in 2025 from key offshore planned and announced projects that are projected to start operations between 2021 and 2025, according to research from GlobalData.
A total of 19 natural gas projects are expected to start operations in Malaysia during 2021-2025. Of these, Kasawari, Jerun and B14 are some of the key projects that are expected to collectively contribute about 50% of the natural gas production in the country in 2025, GlobalData said in its latest report.
GlobalData expects 2 bcf of natural gas production in Malaysia in 2025 from planned projects with identified development plans, while 1 bcf is expected from early-stage announced projects that are undergoing conceptual studies and are expected to get approval for development.
GlobalData identifies Iran as the second highest country globally with 2.70 bcf of natural gas production in 2025 or about 11% of the total global natural gas production in the year. Qatar follows with natural gas production of 2.67 bcf from planned and announced offshore projects in 2025.
Among the companies, Qatar Petroleum, National Iranian Oil Co, and Royal Dutch Shell Plc lead globally with highest offshore natural gas production of 2.6 bcf, 2.4 bcf and 1.2 bcf respectively, in 2025 from planned and announced projects.