Fadillah, who is also the minister of energy transition and water transformation, said the country’s current energy supply is expected to last until July. He said efforts are being intensified to extend it, including by sourcing additional supplies from abroad.
“At present, God willing, our energy supply security will last until July. Petronas is working tirelessly to secure available supplies, even having to go to Africa.
“If all the supplies can be secured, God willing, we will be able to ensure our energy supply security until December,” he said at his ministry’s monthly assembly here today.
He said the global energy crisis is affecting the entire economic chain, particularly the logistics sector, which is facing rising costs that are ultimately impacting the price of goods and energy security.
Fadillah said the impact of the crisis has also been felt in other sectors, including healthcare and manufacturing, due to shortages of certain raw materials such as plastic used for packaging and various industrial needs.
“We are actually still taking things lightly in Malaysia,” he said.
“We still feel as though Malaysia is not facing a crisis. But in reality, many parties are working hard to ensure that we remain in this state of comfort.”
Fadillah said all parties must play their role by conserving electricity and water to reduce energy consumption.
He said this would extend the duration of the country’s energy supply and ultimately ensure supply security while minimising the impact of the crisis.
Fadillah added that the government, through its weekly National Economic Action Council meetings, is engaging with various sectors to determine the impact of the crisis on the national economy and possible intervention measures.
He said these efforts include ensuring the continuity of small and medium enterprises, preventing job losses, and reducing the impact of the crisis on the peope.
He said the government would also continue prioritising three key aspects of the energy sector: supply security, affordable pricing for the people, and environmental sustainability.