Malaysia calls for stronger global gas cooperation amid supply risks and price volatility

The Economy Ministry said natural gas remains essential to Malaysia’s energy security, industrial competitiveness and economic growth as renewable energy adoption accelerates. — AFP pic

First Published: Wednesday, 28 Oct 2026 2:39 PM MYT

KUALA LUMPUR, Oct 28 — Malaysia has called for stronger international cooperation to ensure stable global gas markets and reliable energy supplies, emphasising that energy security is fundamental to industrial competitiveness, investment confidence and sustainable economic growth.

The Ministry of Economy said in a statement today that natural gas is not merely a transition fuel, but a strategic pillar of energy security, industrial competitiveness and sustainable development for Malaysia.

As renewable energy deployment accelerates, natural gas will continue to provide the reliability and flexibility needed to support electricity systems and industrial activities, particularly amid rising energy demand across Asia and Asean, said the ministry.

“Against the backdrop of geopolitical uncertainty, supply disruptions and price volatility, Malaysia emphasised the importance of market transparency, predictable policy frameworks and sustained investment across the natural gas value chain.

“Greater cooperation between producers and consumers is essential to strengthening supply resilience and maintaining confidence in long-term energy investment,” it said.

The ministry also said Malaysia reaffirmed the importance of deepening cooperation with members of the Gas Exporting Countries Forum (GECF) and observer countries in market intelligence, liquefied natural gas (LNG) trade, infrastructure development and technology exchange.

This includes strengthening long-term energy cooperation with Russia based on reliable supply, commercial viability and mutual benefit.

“Malaysia remains committed to a pragmatic and balanced energy transition that safeguards energy security, affordability and environmental sustainability, to attract high-value investment, strengthening industrial productivity and sustaining long-term economic growth,” it said. — Bernama