KUALA LUMPUR, Sept 20 (Bernama) — As the nation’s lead advocate for the Malaysian gas industry, Malaysian Gas Association (MGA) applauds the launch of a long-term and comprehensive National Energy Policy (2022-2040) by the Prime Minister, YAB Datuk Seri Ismail Sabri Yaakob on 19 September 2022.
Since the formulation of the first National Energy Policy in 1979, followed by the Four Fuel Diversification Policy in 1981, the supply and consumption of natural gas have grown rapidly and become the single largest source of energy in 1998, overtaking oil. For decades, natural gas has played a key role in driving the nation’s socio-economic development where the rapid rise in GDP was in tandem with the growth of natural gas consumption. Today, natural gas remains the single largest energy source in Malaysia, supplying around 42% of its total primary energy supply in 2019. More importantly, the Malaysian gas industry brings in over 135 billion per annum and creates over 80,000 jobs for the wider economy.
