Malaysia, Thailand strengthen energy ties with new joint development area agreements, says Akmal Nasrullah

Malaysia and Thailand have strengthened their energy partnership by signing new Production Sharing Contract (PSC) and Gas Sales Agreement (GSA) for Block A-18-01 in the Malaysia-Thailand Joint Development Area (MTJDA). The agreements, signed during an event coinciding with Gastech 2026, were announced by Economy Minister Akmal Nasrullah Mohd Nasir during a visit to Thailand.

The move aims to ensure continuity in the development of the block, reinforce investor confidence, and support the energy security of both nations. With natural gas projected to account for 56% of Malaysia's total primary energy supply (TPES) by 2050, the agreements are seen as crucial in attracting investment and sustaining production.

The Block A-18-01 PSC was entered into by Malaysia-Thailand Joint Authority (MTJA), PC JDA Limited and PTTEP JDX, while the GSA also involves Petronas and PTT Public Company Limited. The agreements are expected to pave the way for the development of a new PSC and GSA for Block B-17-01.

Brief written by urgent.news from Malay Mail's own syndicated text. Machine-written — may contain errors; check the original before relying on it.