Energy
From The Report: Malaysia 2016
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With oil prices depressed and global economic activity slowing, these are undoubtedly challenging times for oil and gas companies, producers and countries worldwide, and Malaysia is no exception. Yet despite the downsides, these are also key times for the development of new resources and strategies in the sector, with Malaysia at the forefront of many renewable energy trends. Even as it makes a major contribution to global oil and gas production, the country is leading the way in biofuels and biomass, solar energy and hydroelectric power. It is also a key player in the regional energy network, a system being rapidly enhanced by the arrival of the ASEAN Economic Community. This chapter contains an interview with Mohd Yazid Ja’afar, CEO, Johor Petroleum Development Corporation.

Articles from this Chapter

Overview

In flux: The sector faces challenges in the short term, but investment and consolidation are in progress
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With oil and gas prices at a relative low and global economic activity slowing, these are undoubtedly challenging times for oil and gas companies, producers and countries worldwide, and Malaysia is no exception. Yet despite the downsides, these are also key times for the development of new resources and strategies in the sector, with Malaysia at the forefront of many renewable energy (RE) trends (see analysis). Even as the country makes a major contribution to global oil and gas production, it is…

Analysis

Turn on the power: Economic growth and consumer demand are driving increased electricity production
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Rapid economic growth over the last few decades has propelled Malaysia into the ranks of the major Asian manufacturing and industrial centres. Demand for power has been increasing sharply with this, particularly in urban clusters on the peninsula and, increasingly, in Sabah and Sarawak. Meanwhile, as per capita incomes rise, household demand for power has been surging upwards. According to data from the sector regulator, the Energy Commission (EC), total consumption of electricity for the country…

Analysis

Refresh and renew: Government policy and market forces are driving growth throughout the renewables segment
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Malaysia’s development strategy for 2015-20, the 11th Malaysia Plan (11MP), continues to stress previous commitments to “pursuing green growth for sustainability and resilience”, a concept that in power terms involves full support for the development of renewable energy (RE) projects nationwide. Indeed, the 11MP sets a target of 2080 MW of RE capacity by 2020, the plan’s final year. This will be some 7.8% of total installed capacity for the peninsula and Sabah –a major leap up from the…

Interview

Creating opportunities: OBG talks to Mohd Yazid Ja’afar, CEO, Johor Petroleum Development Corporation (JPDC)
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Interview: Mohd Yazid Ja'afar How is the 2016 national budget enhancing investment in the energy sector? MOHD YAZID JA’AFAR: The Malaysian government has the vision to create a regional oil storage and petrochemicals hub to enhance the downstream sectors’ contribution to the national economy. In order to reaffirm the importance of the project, a total of $4.19bn has been allocated by Petronas in 2016 for the development of their Refinery and Petrochemicals Integrated Development (RAPID), located…

Analysis

Rationalising subsidies: As fuel subsidies are rolled back, energy costs are increasingly reflecting market prices
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In November 2014, Prime Minister Najib Razak announced that the country’s long-running system of fuel subsidies would be coming to an end in the following month. Over a year later, the expected pain that this move augured has been less than many had first feared. Former Central Bank governor Zeti Akhtar Aziz remarked as much in March 2016, stating that the Malaysian economy was “no longer about oil and gas” and that the government’s reforms to reduce and remove subsidies had cut the budget’s…