Malaysia can’t bank on a favourable gas market, says economy minister
KUALA LUMPUR, Oct 22 — The government is finalising the Natural Gas Roadmap (NGR) to guide the coordinated develop...
Malaysia's Economy Minister Akmal Nasrullah Mohd Nasir has warned that the country cannot solely rely on favorable gas market conditions, as he prepares the Natural Gas Roadmap (NGR) to guide the development of the nation's gas sector. Nasir highlighted the importance of strengthening gas supply resilience amid global market uncertainty and rising energy demand from advanced manufacturing, data centers, and digital industries.
He emphasized that Malaysia must develop domestic gas resources, diversify imported LNG sources, and ensure infrastructure readiness to deliver gas to consumers. The development of domestic gas resources should consider the varying resource positions and development needs of peninsular Malaysia, Sabah, and Sarawak. The government is also focusing on strengthening relationships with supplying countries and regional partners to maintain its standing as a reliable participant in international gas trade.
A new regasification terminal in Lumut, Perak, is expected to commence commercial operations in the second quarter of 2029, enhancing the resilience and flexibility of Malaysia's gas supply infrastructure. Technological advancements such as carbon capture, utilization, and storage, as well as biomethane, offer additional opportunities for reducing emissions and increasing economic value from gas.
Written by urgent.news from Malay Mail's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
