Crude Oil, Condensate And Natural Gas Output Rise 7.9 Pct And 11.8 Pct In 3Q - DOSM

KUALA LUMPUR, Dec 3 (Bernama) -- Malaysia’s crude oil, condensate and natural gas production rose in the third quarter of 2025 (3Q 2025), reaching 45.1 million barrels and 737.0 billion cubic feet respectively, according to the Department of Statistics Malaysia (DOSM).

Chief statistician Datuk Seri Mohd Uzir Mahidin attributed the increase to a 7.0 per cent rise in crude oil output in 3Q 2025, following four consecutive quarters of decline, compared with a 2.2 per cent drop in the previous quarter.

Condensate production also rebounded, climbing 9.7 per cent after a 1.2 per cent decline in 2Q 2025, ending three successive quarters of contraction.

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“Production of natural gas recorded double-digit growth of 11.8 per cent in 3Q 2025, following two consecutive quarters of contraction, bringing total gas output to 737.0 billion cubic feet, up from 640.9 billion cubic feet in 2Q 2025,” he said in a statement today.

He added that the weighted average lifting price for crude oil and condensate in Malaysia rose to US$71.9 per barrel in 3Q 2025, from US$70.4 per barrel in the previous quarter (US$1 = RM4.13).

This increase mirrored global benchmark prices, with West Texas Intermediate rising to US$65.7 per barrel from US$64.6, and Brent crude reaching US$69.0 per barrel from US$68.0.

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Commenting on external trade, Mohd Uzir said the export value of crude petroleum and condensate reached RM5.3 billion in 3Q 2025.

Thailand dominated exports with RM1.8 billion, or 34.6 per cent of the total, followed by Australia (21.5 per cent) and Japan (20.9 per cent).

Exports of refined petroleum products rose to RM23.8 billion from RM22.7 billion in the previous quarter, while liquefied natural gas (LNG) exports increased to RM12.2 billion from RM10.3 billion.

Meanwhile, Mohd Uzir said imports of crude petroleum and condensate rose to RM16.0 billion in 3Q 2025 from RM12.9 billion in 2Q 2025.

“The United Arab Emirates was the main source, accounting for 26.5 per cent of imports, followed by Saudi Arabia (22.2 per cent) and Oman (18.4 per cent),” he said.

He added that imports of refined petroleum products increased to RM24.1 billion from RM22.0 billion, while LNG imports fell to RM1.3 billion from RM1.5 billion in 2Q 2025.

-- BERNAMA