Economy Minister Rafizi Ramli said Malaysia imported about 25 per cent of gas last year to meet the country’s needs due to the lack of production of natural resources such as oil and gas.“I think not many people know that we have started importing gas. This year it is expected that we will import about 30 per cent of our gas and this situation will continue.
If no action is taken by 2050, Rafizi said Malaysia will be completely dependent on imported gas energy, which will increase the cost of living.Rafizi explained that taking every RM1 dividend from Petronas also affects the company, where it reduces the financial ability of Petronas to go out of the country to develop new oil wells.
Thirdly, he said the ‘programme design’ in a policy that is enacted also needs to be made by taking a comprehensive approach, because it will witness various challenges including issues of financial ability and feasibility, especially ‘scaling up’.
Source: Energy Industry News (energyindustrynews.net)
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