MOGSC On The Phasing Down Of Fossil Fuels

Ts. Syed Saggaf Syed Ahmad, President, Malaysian Oil, Gas & Energy Services Council

27-Sep-24 07:30

MOGSC On The Phasing Down Of Fossil Fuels

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Malaysia's energy landscape is at a crucial crossroads, with Economy Minister Rafizi Ramli highlighting that natural gas is expected to account for 56% of the country’s energy mix by 2050. In addition, Malaysia is advancing in carbon capture, utilisation, and storage with the CCUS Progressive Regulatory Framework Bill set to be tabled in November. As Malaysia charts this path, how can the country ensure a smooth transition without jeopardising economic stability and jobs in the fossil fuel sector? Ts. Syed Saggaf Syed Ahmad of the Malaysian Oil, Gas and Energy Services Council (MOGSC) weighs in.

Image Credit: shutterstock.com

Produced by: Tun Hizami Hashim

Presented by: Shazana Mokhtar, Keith Kam

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Categories: government, economy

Tags: malaysia, fossil fuel, oil and gas, economy,

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