Malaysia’s gas supply remains stable and there is currently no immediate risk of shortages despite ongoing volatility in global energy markets, according to Science, Technology and Innovation Minister Chang Lih Kang.
Speaking to reporters after the launch of the Revolutionising Industry with Graphene initiative and the signing of ASEAN’s first LOOP technology deployment agreement between Gas Malaysia Bhd and Levidian, Chang assured that the country’s energy position remains strong.
He noted that around 80 per cent of Malaysia’s electricity generation is supported by domestic energy resources, while only about 20 per cent depends on imported supplies, reducing the nation’s vulnerability to external disruptions.
“As far as I know, the supply is okay. We still have enough supply, and there is no need to worry too much,” he said.
Gas Malaysia president and group chief executive officer Azli Mohamed echoed the assurance, saying there is currently no shortage of natural gas in the country and that supplies received from Petroliam Nasional Bhd (Petronas) remain sufficient to meet industry demand.
“For now, there is no shortage in the industry. The supply we get from Petronas is enough,” he said.
Azli explained that Malaysia sources most of its gas domestically, supplemented by imports from Australia, with only limited dependence on supplies from the Middle East.
He added that Gas Malaysia continues to meet the needs of more than 1,000 customers nationwide without any supply issues.
“In terms of industry needs, there is no problem. We can supply more than 1,000 of our customers,” he said.
While energy supplies remain secure, Azli noted that businesses are facing broader challenges linked to transportation costs and global supply chain disruptions rather than gas availability.
He pointed out that the glove manufacturing industry, one of Gas Malaysia’s largest customer segments, relies heavily on raw materials imported from China and South Korea, making supply chain stability a key concern.
“The issue is usually supply chain, getting workers, but the impact of the energy crisis has not yet hit them,” he said.
Looking ahead, Azli said it remains difficult to predict market conditions over the next two to three years, although the industry is closely monitoring developments over the next six to 12 months.
“I think that will be a correction period,” he added.
According to Azli, Gas Malaysia maintains regular engagement with its customers to better understand operational challenges and business risks beyond energy-related issues, particularly for industries that contribute significantly to the national economy.
On supply security, he stressed that Gas Malaysia’s long-standing back-to-back supply arrangement with Petronas continues to provide a reliable foundation for uninterrupted gas delivery.
When asked whether ongoing global conflicts could affect gas prices, Azli acknowledged that natural gas prices are generally linked to international energy benchmarks. However, he stressed that the company remains focused on ensuring domestic supply stability.
“As long as the volume of gas is maintained and our back-to-back arrangement with Petronas remains in place, that will not be an issue,” he said.
