GlobalData's latest report 'Global Offshore Upstream Development Outlook, 2021–2025’ reveals, Qatar Petroleum, National Iranian Oil Co, and Royal Dutch Shell Plc will be some of the highest producers of offshore natural gas, with production quantity of 2.6 bcf, 2.4 bcf and 1.2 bcf respectively, in 2025, from planned and announced projects
The report reveals that Malaysia is expected to contribute about 12% or 3.1 billion cubic feet (bcf) of global natural gas production in 2025, from major offshore planned and announced projects (new-build projects), that are expected to start operations between 2021 and 2025.
The report identifies Iran on the second position for the highest production of natural gas (2.70 bcf) by 2025; or as a country that contributes 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.
Effuah Alleyne, oil and gas senior analyst at GlobalData, said, "The oil and gas industry has seen trends shifting towards the need for power sustainability, supported by impacts of the pandemic and governments globally contending with environmental and economic issues. Key themes including renewable energy, decarbonisation and clean energy mean that natural gas projects will provide high valued opportunities in the short to mid-term.”
GlobalData’s report reveals that Malaysia will be engaged in 2.0 bcf of natural gas production by 2025, from planned projects with identified development plans, while 1.0 bcf is expected from early-stage announced projects, that are undergoing conceptual studies and are expected to get approval for development. As many as 19 natural gas projects are expected to start operations in Malaysia, during 2021-2025. Of these, Kasawari, Jerun and B14 are some of the leading projects that are expected to collectively contribute about 50% of the total natural gas production in the country by 2025.