BMI View: In the five-year period between 2013 and 2017, production growth is set to outpace consumption growth in the Malaysian oil sector as the removal of fuel subsidies and a move towards coalfired power plants reduce domestic demand for oil. Production will continue to be strong given our positive demand forecasts for oil within the Asian region. The trend is reversed in gas, where consumption growth will outpace domestic production growth. Malaysia’s gas prices continue to be the lowest in South East Asia, and gas remains the preferred energy fuel by power companies. The main trends and developments we …
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