Energy giants like Shell, Eni, Inpex, and ConocoPhillips are rapidly investing in natural gas in Southeast Asia. At the recent Energy Asia conference in Kuala Lumpur, Shell alone committed to investing around 9 billion ringgit ($2.12 billion) in Malaysia. On the other hand, TotalEnergies has boosted its stake in Malaysia. IT centers are facing a shortfall, with global consumption projected to reach 945 TWh by 2030. In the past, the gas-fired plants were in high demand. Today, they are the backbone of the system because they are supported by LNG infrastructure.
To facilitate a smooth energy transition in the upcoming years, Tenaga Nasional Berhad (TNB) has also committed to supporting Malaysia's energy transition goals. TNB is set to invest about RM45 billion in the years between 2025 and 2027.
Techi’s Take
Currently, gas appears to be a reliable source, particularly for AI-driven energy requirements. It provides a rapid solution, but this should not be the ultimate choice. Southeast Asia also needs to invest in renewable energy sources, such as solar, wind, and carbon capture, among others.
A notable example is of ASEAN Power Grid’s vision, they are to invest in promoting the use of renewable energy sources. This project aims to connect countries such as Malaysia, Indonesia, and Singapore, enabling the transnational definition of renewable energy capacity and reducing fossil fuel dependence. Our ultimate goal is to reduce the use of fossil fuels and move towards a healthier environment.
Disclaimer
This article is for informational purposes only and does not constitute financial, investment, tax, or legal advice. Market data, tax rules, and prices can change after the article date. TECHi and its authors may hold positions in securities or digital assets mentioned. Always conduct your own research and consult a licensed financial, tax, or legal professional before making decisions.
About the Author
Fatimah Misbah Hussain is a seasoned financial journalist at TECHi, specializing in stock market analysis, commodities, and tech sector finance. With a strong background in monitoring public markets and tech companies, she breaks down complex stock movements and commodity price trends into actionable insights.
