Kuala lumpur: Malaysia's gas supply remains sufficient for now, with the majority of the country's electricity generation supported by domestic sources, according to Science, Technology and Innovation Minister Datuk Chang Lih Kang. He said authorities continue to monitor developments in the industry.
According to BERNAMA News Agency, about 80 percent of electricity generation in Malaysia is supported by domestic sources, reducing the country's dependence on external supplies. "For now, supply is adequate, and there is no cause for major concern," Minister Chang stated during the launch of the 'Revolutionising Industry with Graphene' initiative.
Meanwhile, Gas Malaysia Bhd president and chief executive officer Azli Mohamed confirmed that the industry is not experiencing any supply constraints, largely due to the company's primary source of gas coming from Petroliam Nasional Bhd (Petronas). "Our reliance on the Middle East is minimal. Our supply comes mainly from domestic sources and Australia. Essentially, there are no issues meeting industry demand, and we are able to supply our more than 1,000 customers," Azli said.
However, Azli highlighted that the industry could still encounter indirect challenges, such as higher transportation costs and supply chain disruptions. He used the rubber industry as an example, noting its dependence on raw materials sourced from countries like South Korea and China.