Русский
Russia is discussing LNG supplies and development investments with Indonesia and Malaysia, according to Roman Marshavin, Russia’s Deputy Energy Minister. Indonesia and Malaysia have Asia’s largest liquefied natural gas capacity, with the latter ranking fifth worldwide in exporting LNG in 2023. However, their capacity is underutilized, and both countries are experiencing depletion of their resource bases.
Marshavin said “Both Indonesia and Malaysia are both developing oil and gas hubs and are interested in supplies. We will talk, inquire what volumes are needed, and then companies could join in.”
The International Gas Union’s report indicates that Malaysia exported 26.8 million tonnes of LNG in 2023, while its LNG capacity is 32 million tonnes, and LNG imports totaled 2.6 million tonnes. Malaysia’s regasification capacity allows importing 7.3 million tonnes of LNG per year.
Indonesia had liquefaction capacity of 30.3 million tonnes in 2023 and used only 50% of it, exporting 15.6 million tonnes of LNG and importing 4.2 million tonnes. Indonesia’s regasification capacity is 11.4 million tonnes per year.
Indonesia is a full member of BRICS, and is currently negotiating a Free Trade Agreement with the Eurasian Economic Union. Malaysia is a BRICS partner. Both are members of the ASEAN economic community.
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