Country Session 2: Malaysia Energy: Now, Tomorrow and the Future
This session aims to gather insights from a diverse array of industry stakeholders, including players from various sectors, enablers, and financial institutions, to discuss Malaysia's journey towards a greener, more sustainable future. While acknowledging the ongoing importance of oil and gas in the country's energy landscape, the conversation will focus on Malaysia’s National Energy Transition Roadmap (NETR) and Oil & Gas Equipment and Services (OGSE) Blueprint.
The panel discussion intends to emphasize the urgency of decarbonizing the energy value chain and assess the industry's preparedness for this transition. We will explore both achievements and challenges encountered by the energy sector, offering valuable insights into potential opportunities and obstacles.
The oil and gas sector will provide comprehensive insights into the significance of fostering a fair transition, underscoring its concerted efforts in decarbonization and the advancement of renewable energy initiatives. Additionally, perspectives from service sectors within the industry will be undertaken, with a particular emphasis on assessing the preparedness of OGSE players for transition and identifying the multifaceted challenges and requisite support mechanisms necessary for successful decarbonization endeavors.
We will delve into the achievements, growth plans, and strategic initiatives within the power and utility sector pertaining to renewables and clean energy. Moreover, an insight of Malaysia's energy mix forecast for 2030 and 2050, with a specific emphasis on the pursuit of net-zero emissions and adoption of advanced technologies aimed at guaranteeing sustainable and economically viable access to energy resources.
Recognizing the crucial role of financing in driving energy transition strategies, the session will address the importance of financial support for ASEAN economies in their pursuit of sustainable energy transition and decarbonization. We will discuss how collaborations between financial institutions and public/private corporations can drive impactful progress in this regard. Additionally, we will delve into how Malaysia's sovereign fund balances its investment portfolio to address current energy security needs while also securing investments in renewable energy for the future.