Malaysia energy security stable

by ANIS HAZIM / pic by BERNAMA

MALAYSIA’S energy security is in good shape as the country’s electricity generation sources have been successfully diversified, said Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed (picture).

Mustapa said in Dewan Rakyat today that Malaysia is in any energy crisis as experienced in some countries like China, Europe and India.

“The crisis in China is due to increased demand for natural gas to face the winter season and a sharp rise in natural gas and coal prices,” he noted.

He said that the government will continue to ensure Malaysia’s energy is sufficient.

“The government through the Economic Planning Unit (EPU) from the PM’s department, Energy and Natural Resources Ministry (KeTSA) and agencies such as Petronas, Energy Commission and Tenaga Nasional Bhd will always take appropriate measures to ensure the country’s energy security at all times,” he added.

Mustapa said natural gas accounts for 41% of Malaysia’s total energy supply, followed by crude palm oil (25.8%), coal (22.5%), hydro (6.2%) and the remaining from other sources.

Meanwhile, the electricity generation sources were diversified including coal (47%), natural gas (41%), renewable energy and hydro (12%).

The installed electricity capacity margin in Peninsular Malaysia is also high at about 38%.

“The installed capacity is 27,000 megawatts (MW) compared to its maximum demand of about 19,000 MW,” stated Mustapha.

In addition, he said that EPU is collaborating with KeTSA and several key stakeholders in forming a National Energy Policy (NEP) 2021-2040.

“The policy aims to improve economic resilience and ensure energy recovery while achieving equality and universal access as well as ensuring environmental sustainability,” he added.

He further said that the government has decided to maintain the maximum price of diesel and RON 95 petrol at RM2.15 and RM2.05 per litre, respectively.

The government will also consider the involvement of opposition MPs in the NEP 2021-2040, he said.