KUALA LUMPUR : Asian countries need to find a comprehensive energy
settlement in order to tackle pressing global energy issues, taking into
account major shifts underway in the oil and gas industry.
In making the call, Prime Minister Datuk Seri Najib Razak said this
settlement could unlock development and profits while deliver
sustainable long-term growth.
"We must find a way to bring economic, social and environmental
considerations together and answer them as one: a comprehensive energy
settlement," he said in a keynote address at the 17th Asia Oil and
GasConference 2013 here today.
Najib, who is also Finance Minister, said Petronas' stewardship in
developing the country's natural reserves and human resources has
resulted in Malaysia's economic potential being fulfilled.
"And it is together with Petronas, and the rest of our energy industry,
that we must find a path towards sustainable, secure and equitable
development: that comprehensive energy settlement that I spoke of
earlier," he said.
Najib said this also meant understanding the changes that are shaping
both policy and business decisions and, how the energy industry and
governments should respond to them.
The most radical change, of course, concerns the extraction of preciouslyun economic reserves, he said.
He said unconventional oil and gas has disrupted energy markets and
energy policy, shifting cost, supply and carbon assumptions.
"They have completely reshaped America's outlook, heralding a new age
of energy independence and a fundamental revision of its geopolitics,"
said the prime minister.
Najib said the second change of growth is clean energy, which is clearly on a downward cost curve. -- BERNAMA
(Source: http://www.nst.com.my)
No comments:
Post a Comment