Tanjung Piai Maritime Industrial Park
The Greater Singapore Area has been central to the South Eastern offshore industry for many years. It is strategically located and naturally sheltered from the northeast monsoon.
There are numerous oil and gas fields off the east coast of Malaysia and in the Gulf of Thailand and central to the Brunei, Sarawak, Sabah, Indonesia and Myanmar which are currently served by nearby engineering facilities and services based in Malaysia, Batam and Singapore which have proven to be very practical and economical base of operations.
Deep water offshore fields within Southeast Asia still have a lot of development and production potential and our maritime industrial parks offer an ideal and synergistic location for offshore industry bases to serve these offshore fields.
“Malaysia’s energy demand will almost double between today and 2040, with rising contributions from all energy sources.
Fossil fuels remain dominant in Malaysia’s energy mix, with its share still projected to exceed 90% by 2040, although the hierarchy changes. Coal demand increases by more than a factor of three over the projection period, overtaking both oil and gas to become the primary fuel in the country’s energy mix. Oil demand is projected to rise to about 1 million barrels per day by 2040, while the growth in natural gas demand slows.
Demand for renewables more than doubles by 2040, with their share of electricity generation rising to 16%, underpinned by strong policy support.
Malaysia’s role in international markets shifts as the country becomes increasingly dependent on oil and coal imports, while natural gas exports fall back.”
Source: Southeast Asia Energy Outlook 2015, by International Energy Agency (IEA)