case study of Malaysia's Oil and gas Company  Petronas

The document examines Petronas's dominance in Malaysia's oil and gas sector and its impact on national revenue and energy security. While Petronas is diversifying into renewables and natural gas as a 'low-carbon' solution, it maintains fossil fuels as its core business and lacks a public plan to phase them out. The report highlights Malaysia's heavy reliance on coal and gas for electricity, the financial risk of stranded assets, and the necessity of a 'just transition' to protect socioeconomic stability given that Petronas contributes approximately 20% of government income.

• Petronas remains committed to fossil fuels as its primary business, with no public plan to phase out production, despite acknowledging the Paris Agreement.
• The Malaysian government is heavily dependent on Petronas for national revenue, with the company contributing about 20% of the government's income through dividends.
• Malaysia's energy mix has shifted toward a high dependency on coal for electricity generation, which has replaced gas as the largest electricity source.
• Petronas is diversifying into renewable energy, specifically solar and wind in the Asia-Pacific market, and has acquired Singapore-based Amplus Energy Solutions.
• Malaysia's oil and gas reserves are facing depletion, with the Economic Affairs Ministry estimating they may be exhausted by 2029 at current output levels.
• The transition to renewable energy in Malaysia is hindered by government reluctance to subsidize generation, the monopolistic nature of the utility company Tenaga Nasional Berhad (TNB), and artificially low energy prices.

APA

Fossil Fuel Non-Proliferation Treaty Initiative (n.d.). case study of Malaysia's Oil and gas Company  Petronas. https://www.fossilfueltreaty.org/s/Case-Study-of-Malaysias-Oil-and-Gas-Company-Petronas-Executive-Summary.pdf

Chicago

Fossil Fuel Non-Proliferation Treaty Initiative. case study of Malaysia's Oil and gas Company  Petronas. n.d. https://www.fossilfueltreaty.org/s/Case-Study-of-Malaysias-Oil-and-Gas-Company-Petronas-Executive-Summary.pdf.

Wikipedia

{{cite report |author=Fossil Fuel Non-Proliferation Treaty Initiative |title=case study of Malaysia's Oil and gas Company  Petronas |url=https://www.fossilfueltreaty.org/s/Case-Study-of-Malaysias-Oil-and-Gas-Company-Petronas-Executive-Summary.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{fossilfuelnonproliferationtreatyinitiativendcase, author = {{Fossil Fuel Non-Proliferation Treaty Initiative}}, title = {{case study of Malaysia's Oil and gas Company  Petronas}}, institution = {Fossil Fuel Non-Proliferation Treaty Initiative}, url = {https://www.fossilfueltreaty.org/s/Case-Study-of-Malaysias-Oil-and-Gas-Company-Petronas-Executive-Summary.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }