MALAYSIA-ENERGY SECURITY

International Forum and Energy Security -Assignment 12/11/2008

Malaysia is enacting a national energy policy to ensure that energy security for the country is assured.
 
Tenaga Nasional Bhd chairman Tan Sri Leo Moggie said energy security was a global issue that represented an urgent challenge to Malaysia because it was interlinked with economic security and national security.
 
As such, there was a need for a comprehensive energy security roadmap with a clear policy framework and compatible electricity sector regulations.
In his opening remarks at the International Forum and Energy Security held in Kuala Lumpur on Wednesday, Moggie said the utility giant was currently listening to views of global experts and other stakeholders who could help the government to adopt policies and strategies.
 
He said that most of the options available to increase energy security took significant time to plan and develop, and they required specific policy and regulatory support.

In Malaysia, providing adequate and secure supply of energy to meet increasing demand is a key priority and a major challenge. Crucial to sustaining electricity supply reliability is ensuring sustainable fuel supply at our power generating plants.
SUPER:Tan Sri Leo Moggie \ Chairman, TNB

A strategic and prudent energy policy, he said, was therefore necessary and should include security of crucial energy sources capable of withstanding
disruptive events and risks.
 
There should also be proper management and transition to other fuel sources and energy source diversity, as well as timely investment in energy
infrastructure capacity and networks.
 
Other factors to look at, he noted, were affordability of energy supply, promotion of the efficient use of energy to maximise the value of the energy consumed and sustainable energy in terms of the stewardship of the environment.