KUALA LUMPUR: Petronas President and Group CEO Tan Sri Tengku Muhammad Taufik (pic) has urged greater regional collaboration, investment, and innovation to accelerate Asia’s energy transition.
Speaking at the opening of Energy Asia 2025, he stressed the need to move beyond outdated industry approaches and adopt new strategies that align energy growth with climate responsibilities.
He said Asia's growing population and rising demand place the region at the centre of the global energy transition, requiring a shift in how energy is produced and consumed.
window.googletag = window.googletag || {cmd: []};googletag.cmd.push(function() {googletag.defineSlot('/22826383987/dailyexpress_inline', [1, 1], 'gpt-passback').addService(googletag.pubads());googletag.enableServices();googletag.display('gpt-passback');});Taufik noted that meeting projected demand would require an estimated US$88.7 trillion in investments by 2050 across both conventional and renewable energy systems.
He highlighted Asia's strengths in solar, wind, and carbon capture potential, and reaffirmed the role of natural gas as a transition fuel.
Energy Asia 2025 will feature over 50 strategic dialogues and an Energy Park exhibition showcasing technologies aimed at reshaping the regional energy landscape.
With Malaysia chairing Asean in 2025, discussions at the conference are expected to influence regional energy policies impacting 700 million people.
