Malaysia is moving to strengthen its energy buffer with the goal of extending supply security through December, as global disruptions continue to strain economic and energy networks, The Star reported Friday, citing Deputy Prime Minister Fadillah Yusof.
Current domestic coverage is projected to last until July, with efforts underway to secure additional imports, including sourcing supplies from regions such as Africa through PETRONAS, Fadillah reportedly said.
Fadillah said a wider energy crunch is pushing up logistics and production costs across sectors and called on conservation efforts and coordinated policy action to protect supply stability, pricing affordability and environmental goals, according to the report.
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