Petronas Eyes Indonesia’s Abadi Gas Project
Malaysia’s national oil company Petronas says it is interested in investing in the stalled Abadi gas project offshore Indonesia as part of its expansion plans
Malaysia’s Petronas posts higher Q4 profit, sees lower oil prices in 2023
“As demand recovery is still fragile, based on supply challenges, this means volatility,” he said at a news conference. Petronas also said the group will continue to exercise prudent financial management and firm discipline in reinvesting.
Renewables are the solution to Malaysia’s sustainable future and renewed climate ambition
A new report has confirmed Malaysia’s ability to meet its net zero goal with in-creased use of local and affordable renewables. According to the report’s findings, transitioning to renewable energy will save Malaysia between US$9 – US$13 billion annually by 2050 in avoided energy, climate, and health costs.
Malaysia reviewing export ban on renewable energy
The Malaysian government is reviewing its ban on the export of renewable energy, said the country’s minister of natural resources, environment and climate change Nik Nazmi Nik Ahmad.
Malaysia needs to invest $375 bln in renewables to reach 2050 climate goals – report
KUALA LUMPUR, March 9 (Reuters) – Malaysia will need to double its investments in renewable energy transition to at least $375 billion in order to achieve its ambitious goal of carbon neutrality by 2050, the International Renewable Energy Agency (IRENA) said on Thursday.
PETRONAS and JOGMEC to cooperate in energy transition initiatives
PETRONAS has signed a Memorandum of Cooperation (MoC) with Japan Organization for Metals and Energy Security (JOGMEC) to cooperate in energy transition initiatives towards achieving respective energy transition and decarbonisation targets.
Energy security, affordability key focus among consumers
Energy security and affordability remain foundational expectations among consumers, according to the Ernst & Young (EY) Energy transition consumer insights report.
Sabah Energy inks multiple natural gas agreements with major investors
Sabah Energy Corporation Sdn Bhd (SEC) has inked multiple natural gas sales agreements (GSAs) and heads of agreement (HoA) with major investors in the state. In a statement, Sabah chief minister Hajiji Noor said that with this development, the state’s largest domestic supplier and transporter of natural gas is now playing an integral role in […]
Rafizi: Malaysia to focus on less controversial energy sources after joining Japan-led Azec
Minister of Economy Rafizi Ramli said that the government intends to focus on three renewable energy sources namely biomass, hydrogen and ammonia after announcing that the country joining Japan-led Asia Zero Emission Community (Azec).
Petronas aims to complete Malaysia LNG investigation by mid-year
Malaysia’s state energy company Petroliam Nasional Berhad, or Petronas, aims to complete an investigation into disruption of Malaysia LNG gas supply by the middle of the year, CEO Tengku Taufik told reporters on Friday.