MGA President Speaks About GAS @ OTC Asia 2022

23 March 2022

MGA President speaks in the Panel Session 4 @ OTC Asia 2022 on 23rd  March 2022. Themed on “Growing Demand for Offshore Gas”, the panel session that was co-moderated by Raj Deo Tewari, Chief Scientist, PETRONAS Research Sdn. Bhd. and Muhamad Sallehuddin Abd Jabar, Head Process, Group Technical Solution (GTS), PETRONAS, featured the following speakers;

  1. Abdul Aziz Othman, President of MGA
  2. Naser Al Hajri, Senior Vice President, Operations – Southeast Asia, Mubadala Petroleum
  3. Pradeep Kumar, Global Key Accounts Director, Turbomachinery & Process Solutions, Baker Hughes
  4. Jestsadar Ngamchitrungruang, Manager, Natural Gas Supply & Trading Directorare, PTT Public Company Limited
  5. Pandai Othman, Managing Director & Chief Executive Officer (MD & CEO), Malaysia Marine and Heavy Engineering Holdings Berhad (MHB)

The panel session started with the context setting by the moderator who outlined the focus of discussion on the market development, demand from the gas sector to capture the growth potential in an increasingly competitive market and followed by the moderated panel session with all the panellists.

Key Highlights:

  1. Gas is a critical fuel for pragmatic energy transition towards a low carbon economy. Not only as the most reliable option but also the cleanest source of energy, to support and expedite growth of variable renewable energy in the short and medium-term further reduce the overall GHG emission and helping Malaysia to achieve net zero emission target.
  2. With the power sector commands the largest share of gas demand, gas demand is going to increase nearly three-fold to 2039.
  3. With a clear need of gas, there is also a clear need for investment on gas.  Investment & funding of gas fields and delivery infrastructure must continue.
  4. It is important to balance the energy trilemma with energy access and affordability high in the agenda. The future of clean energy transition in Malaysia should pivot around natural gas, supported by other gases.