Malaysia

Malaysia holds a large share of Southeast Asia’s fossil fuel resources, and as a result energy production in the country has traditionally centred on oil and natural gas. Currently, natural gas remains the country’s main energy source at 41 percent, followed by crude oil and petroleum products and coal which constitute 29 percent and 22 percent respectively. Renewables, comprising mainly of hydroelectric, solar and bioenergy constitute today only 7 percent.

The transport, power and industry sectors represent the largest components of energy demand and collectively constitute approximately 75 percent of total energy demand in Malaysia. Energy demand from these sectors has been growing at a rate of 4 percent per annum.

The Malay Government aims to achieve net-zero greenhouse gas emissions by 2050 and to meet this target, it has launched the ‘National Energy Policy 2022-2040′. This roadmap outlines key priorities for the energy sector over the coming years, to ensure that the energy sector takes full advantage of opportunities arising from the energy transition, as well as to ensure that the sector is future-proofed and well positioned to meet subsequent challenges.

National Energy Policy 2022-2040 (NEP)

National Energy Transition Roadmap (NETR)

Business Sweden – Business Climate Survey for Swedish companies in Malaysia 2022