Malaysia's gas supply remains stable, with most electricity generation still backed by domestic sources, while the government continues to monitor the energy sector amid global uncertainties, The Star reported Thursday, citing Science, Technology and Innovation Minister Datuk Chang Lih Kang.
Around 80% of the country's power generation is supported by local resources, limiting exposure to external supply risks. Currently, the supply conditions are comfortable and do not raise any immediate concerns, according to the report.
Separately, Gas Malaysia (KLSE:GASMSIA) chief executive Azli Mohamed said the industry is not experiencing any gas shortages. He noted that supplies are primarily sourced from domestic fields and Australia, with only minimal dependence on the Middle East. However, he cautioned thathigher logistics costs and supply chain disruptions could still emerge, The Star said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)