KUALA LUMPUR, Oct 17 (Bernama) — At the ASEAN Energy Business Forum (AEBF-25), a clear message emerged: ASEAN must unite. Championing this cause, Abdul Aziz Othman, MGA President and IGU Regional Coordinator, highlighted regional collaboration as the cornerstone strategy for the gas industry. The urgency is clear: the 8th ASEAN Energy Outlook projects gas demand will grow by more than two fold by 2050, requiring a coordinated approach to balance this growth with the global push for secure and sustainable energy.
Speaking in a panel session on ‘Oil and Gas Business Strategies in the Energy Transition Era’ at the AEBF-25, MGA acknowledges ASEAN’s increasing reliance on Liquefied Natural Gas (LNG). The unavoidable reality is that the region will become a net importer of natural gas as early as 2027, exposing economies to the vagaries of global prices. The region cannot afford the delay. Immediate, coordinated action is essential to safeguard regional energy security.