MGA President Spoke on the Important Role of Natural Gas In Clean Energy Transition at SOGCE 2022
9 June 2022
MGA President joined the Panel Session on “Energy Transition” at the 9th Sabah Oil & Gas Conference & Exhibition (SOGCE) 2022 held on 9th June 2022 in Kota Kinabalu Sabah.
The panel session was moderated by Azman Nasir, Regional Director – Asia Pacific, Energy Industries Council and featured the following speakers;
- Abdul Aziz Othman, President of MGA
- Ramanrao Abdullah, Group Chief Executive Officer, DELEUM Bhd
- Dr Wei-nee Chen, Vice President, New Energy Ventures, Hibiscus Petroleum Bhd
During the panel session, MGA President explained how natural gas can address the immediate challenges on energy trilemma face by developing nations and the role it can play to expedite the clean energy transition.
Important Role of Gas In Clean Energy Transition:
- Gas is a critical fuel not only as the most reliable option but also the cleanest source of energy for a pragmatic energy transition towards a low carbon economy.
- Gas in the future will play vital role 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.
- With the power sector commanding the largest share, gas demand is expected to increase nearly three-fold from 2021 to 2039.
- 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.
