Global benchmarks of refining and petrochemical facilities demonstrate that significant process improvements can be expected with these types of facilities over time. These improvements typically translate into efficiency gains of 0.5 percent per year representing an additional GNI contribution of RM3.4 billion. Improvement of overall processes and structure in the electricity generation sector is expected to add RM1.5 billion of GNI contribution.
Malaysia has targetted GNI growth of 5.9 percent per annum. Achieving this economic growth is expected to raise consumption by 3 percent and will have a knock-on effect on the oil, gas and energy sector. The increased consumption will require an additional 2 gigawatts of installed capacity to be built at a cost of RM9.6 billion, creating an estimated 2,500 jobs and adding RM11.2 billion to GNI. The additional transmission and distribution of this energy will create a further RM5.6 billion GNI and require an investment of RM12.4 billion.
In the downstream sector this increased consumption will boost GNI by RM1.5 billion and create 3,200 jobs. An estimated 90 new petrol stations will also need to be built at a total cost of RM3.2 billion.
International E&P projects present a new business opportunity that is projected to generate RM5.9 billion in GNI, requiring RM79.0 billion in private investment.