Malaysia is actively pursuing energy market reforms to enhance the country’s attractiveness as the preferred destination for energy investments, said the Economic Affairs Minister Datuk Seri Mohamed Azmin AliThe government according to him, continue to strive for energy market reforms even with its status as among the world’s largest liquefied natural gas provider, blessed with a strategic position to provide solutions to new markets seeking access to clean and modern energy.
“Thriving with investment opportunities, the measures that we have introduced will nurture a healthy and conducive ecosystem for business activities,” he said in his special address at the 20th Asia Oil and Gas Conference 2019 today. Mohamed Azmin noted that oil and gas as well as petroleum and petrochemical products accounted for 21% of Malaysia’s total exports, amounting to RM211 billion in 2018.
“Malaysia will benefit from trade and investment diversion as the US–China trade war is expected to heighten market volatility but overall, we see a gloomier trade outlook should the trade war remain unresolved.
Source: News Formal (newsformal.com)
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