par energy_isere » 21 mars 2021, 09:50
Quelques découvertes de gaz en offshore de la Malaisie :
Headwinds Remain for Malaysia's Natural Gas Ambitions
by Tim Daiss|Rigzone Contributor|Monday, March 15, 2021
Several exploration and production companies have made significant oil and gas finds offshore Malaysia since the beginning of the year. The discoveries support the country’s goal of using natural gas for more domestic consumption as well as increasing its LNG exports.
State-run Thai explorer PTEEP (BK: PTTEP) said on February 10 that it had discovered its largest gas find yet some 56 miles (90 kilometers) offshore the Malaysian state of Sarawak. The appraisal well showed more than 1,960 feet (597 meters) of proven net gas pay, PTTEP said, adding that well tests showed a flow rate of 50 million cubic feet of gas per day. Project partners include its operator, a PTTEP subsidiary, with a 42.5-percent stake, Kuwait’s KUFPEC, also a 42.5 percent stake, and Malaysian national oil and gas company Petronas (KLSE: PETGAS), at 15 percent.
Petronas also announced two separate discoveries on February 24, including Hidayah-1, an oil discovery offshore Indonesia, and Dokong-1, a gas discovery in the shallow waters of Malaysia’s Baram province, part of the production sharing contract for Block SK417.
Against this backdrop, Malaysia is also trying to attract more foreign and domestic investment in its offshore oil and gas sector. On February 26, Petronas auctioned 13 offshore exploration blocks, including incentives at six discovered fields. This year’s licensing round also offered four deep-water blocks adjacent to the coast of Sarawak and Sabah, which has seen prominent exploration discoveries in recent years.
Gas needed for domestic consumption
Malaysia’s latest gas exploration push comes as it tries to reduce over-reliance on coal for its power sector – a common problem for most countries in the region.
Though Malaysia is the second-largest oil and gas producer in Asia and the world’s fifth-largest LNG exporter, coal still represents around 21 percent of its energy mix, according to the U.S. Energy Information Administration (EIA). Petroleum and other liquids make up 27 percent of its energy mix, natural gas (36 percent), and renewables (6 percent).
The quandary for Malaysia, however, is that it has a geographic disparity between its own natural gas supply and domestic demand. Peninsular Malaysia requires more natural gas to fuel the power and industrial sectors, while the eastern states of Sarawak and Sabah – located on Borneo Island – produce natural gas, the EIA report added.
This disparity, along with a lack of pipeline infrastructure, has led to the country having to build two regasification terminals and actually import LNG from global markets – a rare development for a major LNG-exporting country. As such, Malaysian LNG imports are projected to increase by more than 1 million tonnes annually to reach 4.8 million tonnes in 2022, according to a recent ICIS report.
Malaysia’s LNG hub ambitions
Malaysia also wants to develop stranded gas resources to help it become a major LNG hub in the Asia-Pacific region. Asia-Pacific currently accounts for nearly two-thirds of global LNG demand, with that amount projected to increase amid a procurement ramp-up by China, India, Pakistan, Sri Lanka, Bangladesh, the Philippines, and Vietnam.
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https://www.rigzone.com/news/headwinds_ ... 0-article/
Quelques découvertes de gaz en offshore de la Malaisie :
[quote][b] Headwinds Remain for Malaysia's Natural Gas Ambitions[/b]
by Tim Daiss|Rigzone Contributor|Monday, March 15, 2021
[b]Several exploration and production companies have made significant oil and gas finds offshore Malaysia since the beginning of the year. The discoveries support the country’s goal of using natural gas for more domestic consumption as well as increasing its LNG exports.[/b]
State-run Thai explorer PTEEP (BK: PTTEP) said on February 10 that it had discovered its largest gas find yet some 56 miles (90 kilometers) offshore the Malaysian state of Sarawak. The appraisal well showed more than 1,960 feet (597 meters) of proven net gas pay, PTTEP said, adding that well tests showed a flow rate of 50 million cubic feet of gas per day. Project partners include its operator, a PTTEP subsidiary, with a 42.5-percent stake, Kuwait’s KUFPEC, also a 42.5 percent stake, and Malaysian national oil and gas company Petronas (KLSE: PETGAS), at 15 percent.
Petronas also announced two separate discoveries on February 24, including Hidayah-1, an oil discovery offshore Indonesia, and Dokong-1, a gas discovery in the shallow waters of Malaysia’s Baram province, part of the production sharing contract for Block SK417.
Against this backdrop, Malaysia is also trying to attract more foreign and domestic investment in its offshore oil and gas sector. On February 26, Petronas auctioned 13 offshore exploration blocks, including incentives at six discovered fields. This year’s licensing round also offered four deep-water blocks adjacent to the coast of Sarawak and Sabah, which has seen prominent exploration discoveries in recent years.
Gas needed for domestic consumption
Malaysia’s latest gas exploration push comes as it tries to reduce over-reliance on coal for its power sector – a common problem for most countries in the region.
Though Malaysia is the second-largest oil and gas producer in Asia and the world’s fifth-largest LNG exporter, coal still represents around 21 percent of its energy mix, according to the U.S. Energy Information Administration (EIA). Petroleum and other liquids make up 27 percent of its energy mix, natural gas (36 percent), and renewables (6 percent).
The quandary for Malaysia, however, is that it has a geographic disparity between its own natural gas supply and domestic demand. Peninsular Malaysia requires more natural gas to fuel the power and industrial sectors, while the eastern states of Sarawak and Sabah – located on Borneo Island – produce natural gas, the EIA report added.
This disparity, along with a lack of pipeline infrastructure, has led to the country having to build two regasification terminals and actually import LNG from global markets – a rare development for a major LNG-exporting country. As such, Malaysian LNG imports are projected to increase by more than 1 million tonnes annually to reach 4.8 million tonnes in 2022, according to a recent ICIS report.
Malaysia’s LNG hub ambitions
Malaysia also wants to develop stranded gas resources to help it become a major LNG hub in the Asia-Pacific region. Asia-Pacific currently accounts for nearly two-thirds of global LNG demand, with that amount projected to increase amid a procurement ramp-up by China, India, Pakistan, Sri Lanka, Bangladesh, the Philippines, and Vietnam.
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https://www.rigzone.com/news/headwinds_remain_for_malaysias_natural_gas_ambitions-15-mar-2021-164880-article/