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Industry Stakeholders Need More Collaboration To Drive Energy Transition - Mga

The Malaysian Gas Association (MGA) President Abdul Aziz Othman

KUALA LUMPUR, April 4 (Bernama) -- Malaysian Gas Association (MGA) has emphasised the need for industry stakeholders to have more collaboration in order to drive innovation and sustainability in energy transition.

MGA president Abdul Aziz Othman highlighted the value of connecting industry associations and providing opportunities for MGA members, particularly oil and gas services and equipment (OGSE) players, to participate in ensuring robust and sustainable future growth for the industry.

As such, he commended the ‘Petronas Activity Outlook 2024-2026 Unwrapped: A Sharing Session with Partners’ event organised by Petronas Group Procurement which underscores MGA's commitment to fostering collaboration and serving its members' interests across the gas value chain.

“The session aims to share the key highlights of the above publication as well as to raise awareness, particularly regarding industry trends, demand forecasts and upstream activities within the country.

“We are delighted with this collaborative effort, MGA members especially the OGSE players have benefited from this sharing session greatly. By facilitating members’ participation in the event, we ensure our members have access to this valuable information and can leverage the networking opportunities it presents,” he said in a statement. 

He also said it is clear that gas will remain pivotal in Malaysia's low-carbon energy transition journey with natural gas positioned as the transitional fuel in the National Energy Transition Roadmap (NETR), accounting for 56 per cent of the total primary energy supply (TPES) mix in 2050.

“As a reliable energy source since the 1980s, gas has provided energy security for the nation and powering industries,” he pointed out.

Abdul Aziz also called for continued focus on gas as a vital player in the energy transition journey.

Furthermore, he said while industry collaboration is crucial, strong government support is equally important.

“Tax incentives, market liberalisation, foreign direct investment attraction and financing access are critical for the gas industry to fulfil its role towards 2050,” he noted.

“These measures will foster innovation and further drive socioeconomic development and job creation within the country,” he said. 

-- BERNAMA

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