Energy Asia 2025 to attract 4,000 global delegates
KUALA LUMPUR: Energy Asia 2025 is set to attract more than 4,000 international delegates when it returns for its second edition from June 16 to 18, at the Kuala Lumpur Convention Centre.
Themed 'Delivering Asia's Energy Transition', the conference will bring together policymakers, industry leaders and energy professionals to explore practical solutions that balance the urgency of accelerating climate action with the need to safeguard economic resilience.
Hosted by Petronas, with CERAWeek by S&P Global as knowledge partner, the conference will feature more than 180 globally recognised speakers and is backed by 52 corporate sponsors, highlighting the industry's broad support for a just and orderly energy transition.
In a statement, the host said prominent figures slated to attend include Organization of the Petroleum Exporting Countries secretary general Haitham Al Ghais; Saudi Aramco president and CEO Amin Nasser; PETRONAS president and group CEO Tan Sri Tengku Muhammad Taufik; and CNPC Economics & Technology Research Institute president Dr Lu Ruquan.
They will be joined by Woodside Energy CEO and managing director Meg O'Neill; TotalEnergies chairman and CEO Patrick Pouyanné; Eneos Xplora chairman Toshiya Nakahara; Mercedes-AMG Petronas F1 Team team principal and CEO Toto Wolff; and Shell CEO Wael Sawan.
Petronas senior general manager, Energy Asia and strategy, planning and governance Arni Laily Anwarrudin said the company aims to establish the region's foremost platform for thought leadership on the energy transition.
"Through Energy Asia, our ambition is to establish the region's foremost platform for thought leadership on the energy transition, a space that not only showcases bold ideas and innovation, but also drives meaningful, tangible action.'
"We also aim to bridge the gap between emerging and developed economies by fostering cross-sector and cross-border collaboration. Only through inclusive and equitable dialogue can we unlock the full potential of Asia's diverse energy landscape and ensure that no one is left behind,' she added.
A new feature this year is the Energy Asia Global Leadership Executive Forum, a closed-door session for C-suite leaders from energy, finance, technology and professional services. The forum will aim to align investment strategies and scale up technology deployment.
Two additional initiatives will make their debut: the Energy Asia Awards, recognising leadership in energy transition, and Future Energy Leaders, spotlighting emerging talent across the region.
Prime Minister Datuk Seri Anwar Ibrahim is expected to officiate and deliver the keynote address.
More information is available at www.officialenergyasia.com/delegate. - Bernama
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
New Straits Times
9 hours ago
- New Straits Times
Petronas breaches Sarawak gas sales agreement, court told
KUCHING: Lawyers for Petroleum Sarawak Berhad (Petros) and the Sarawak government argued that national oil company Petronas had failed to comply with state laws as required under the Sarawak Gas Sales Agreement (SGSA) signed on Dec 30, 2019, and still sought to supply gas to Petros without a valid licence. During a hearing on Petros' originating summons at the Kuching High Court today, in which the state-owned company seeks to restrain and nullify Petronas' demand under a RM7.95 million Maybank Islamic bank guarantee, described by Petros as "unconscionable, illegal, and therefore null and void", Datuk Seri J.C. Fong, appearing as amicus curiae (friend of the court) for the Sarawak government, said Petronas was attempting to bypass legal requirements. "Petronas wants to continue supplying gas to Petros without a licence and does not want to recognise Petros as the gas aggregator in Sarawak. Petronas cannot approbate and reprobate," Fong told judicial commissioner Datuk Faridz Gohim Abdullah. He cited Article 24.2 of the SGSA, which states that "nothing in this agreement shall entitle the parties, Petronas and Petros, to exercise the rights, privileges, and powers conferred on them which would contravene any written laws in force in Malaysia". Fong also said that the Distribution of Gas Ordinance 2016 (DGO 2016), passed by the Sarawak State Legislative Assembly, was a valid written law in force in Malaysia. He added that Article 2.3 of the SGSA further stipulated that should any new codes, regulations, or rules be issued that affect the sale and purchase of gas, both parties are required to take necessary steps to comply. In 2023, the Sarawak assembly amended the DGO to include two key provisions: that only a gas aggregator may supply gas, and that the state cabinet has the authority to appoint the aggregator. Subsequently, Petros was officially appointed as the sole gas aggregator in the state. Responding to claims of Petronas' "unconscionable conduct", Fong told the court that unchallenged evidence in an affidavit showed that Petronas was obstructing upstream gas suppliers, licensed under the DGO, from selling to Petros, thus hindering Petros from carrying out its statutory functions. "Petronas's failure to comply with the DGO, its continued supply of gas without a proper licence, and its prevention of other licensed suppliers from dealing with Petros must constitute unconscionable conduct," he said. On Petronas' argument that it was acting within its rights under the Petroleum Development Act 1974 (PDA74), Fong said the SGSA had no connection to the PDA or to Petronas' business under it, as those rights had been transferred to Petros. "There is nothing in the SGSA to suggest that it was entered into pursuant to the PDA. It is purely a commercial agreement based solely on commercial considerations," he said. Responding to Petronas' claim that Sarawak had relinquished its rights over petroleum and gas in return for annual payments, Fong said the "yearly payments" (oil royalty) were for "the purported vesting of petroleum in Petronas". He said that this had no bearing on Sarawak's constitutional right to regulate the distribution of gas. "There is nothing in the PDA or any agreements between Petronas and the Sarawak government, based on evidence before the court, to indicate that the annual payments were in exchange for Sarawak relinquishing its legislative and executive powers over gas distribution," he added.
Borneo Post
9 hours ago
- Borneo Post
Petros vs Petronas: Failure to comply with DGO constitutes ‘unconscionable conduct', court told
Fong (right) exits the courtroom after the proceedings. KUCHING (July 11): The Distribution of Gas Ordinance (DGO) 2016 is a written law passed by the Sarawak Legislature and is therefore a written law in force in Malaysia, the High Court here was told today. State Legal Counsel Dato Sri JC Fong said Petroliam Nasional Berhad's (Petronas) failure to comply with the DGO and continuing to supply gas without a licence issued under the DGO, and then preventing other licensed gas suppliers or producers from selling gas to Petroleum Sarawak Berhad (Petros) as the state's gas aggregator, constitutes 'unconscionable conduct' on the part of national oil firm. In his submission to the court in the lawsuit brought by Petros against Petronas, Fong, appearing for the Sarawak government, said Petros is invoking the court's inherent jurisdiction to declare that the demand by Petronas on a bank guarantee issued by Maybank Islamic Berhad is 'unconscionable, unlawful, null and void'. He said all parties, including the federal and Sarawak governments, have agreed that 'unconscionability' is a ground to restrain a beneficiary of a bank guarantee or performance bond from making a call on a bank guarantee or performance bond. 'In this case, the underlying contract is the Sarawak Gas Sales Agreement (SGSA) dated Dec 30, 2019. 'The bank guarantee was issued pursuant to this underlying contract to secure payment for gas supplied by Petronas to Petros. Petronas is the beneficiary of the bank guarantee. 'Petronas did not sign the SGSA because the PDA (Petroleum Development Act) 1974 guarantees the role of Petronas nationwide,' said Fong. He said Petronas entered into the SGSA because it had sold and transferred its business of supplying gas to customers in Bintulu and Miri to Petros, and is selling gas to Petros to enable the state-owned company to fulfil its obligations to its customers who were previously customers of Petronas. 'This SGSA has nothing to do with the PDA or the business of Petronas under the PDA, which had been sold and transferred to Petros. There is nothing in the SGSA which even suggests that Petronas entered into this SGSA in pursuance of the PDA. 'It was purely a commercial contract based on purely commercial consideration, but the mode of performance thereof must not contravene any written law in force in Malaysia.' Fong said for Petronas to consciously disobey, disregard, and disrespect the DGO amounts to a contravention of an important constitutional safeguard and an attempt to undermine the Sarawak government's executive authority under Article 80(2) of the Federal Constitution. 'This itself is clearly unconscionable conduct which this honourable court should not condone at all. 'Consequently, the calling upon the bank guarantee by Petronas, in these circumstances to obtain payment from Petros for gas supplied in contravention of the DGO and also in breach of Article 24.2 of the SGSA, is clearly unconscionable and unlawful,' he said. Article 24.2 of the SGSA stipulates that 'Nothing in this Agreement shall entitle the Parties (i.e. Petronas and Petros) to exercise the rights, privileges and powers conferred on it in a manner which would contravene any written law for the time being in force in Malaysia.' Petros is seeking a court order for the return of RM7.95 million paid to Petronas under the bank guarantee. The conflict began in October 2024 when Petronas called on the bank guarantee in response to a RM28.1 million demand from Petros related to gas supply. Petros then initiated legal proceedings against Petronas and sought an injunction to stop the disbursement of the funds. However, the injunction request became academic after Maybank Islamic Berhad released the payment to Petronas. Petronas was represented by counsels Datuk Dr Cyrus Das and Khoo Guan Huat, while Petros was represented by counsels Tan Sri Cecil Abraham, Sim Hui Chuang and Lim Lip Tze. The proceeding was heard before Judicial Commissioner Datuk Faridz Gohim Abdullah, who fixed Aug 25 and 26 for the next hearing. DGO Distribution of Gas Ordinance JC Fong Petronas Petros
Free Malaysia Today
10 hours ago
- Free Malaysia Today
Petros standoff adds pressure as Petronas staff face job cuts, says Muhyiddin
PN chairman Muhyiddin Yassin urged the government to exercise prudence in its use of Petronas funds, especially at a time when national debt was rising and the economy remained weak. PETALING JAYA : Perikatan Nasional chairman Muhyiddin Yassin said today that Petronas's ongoing dispute with Petroleum Sarawak Bhd (Petros) is putting more pressure on the energy producer amid its company-wide restructuring exercise. Muhyiddin said Petronas urgently required a long-term strategy to safeguard its sustainability and competitiveness as a state-owned enterprise, especially in the face of global headwinds such as falling oil prices and the accelerating transition to renewable energy. 'The unresolved dispute between Petronas and Petros regarding gas distribution rights in Sarawak not only impacts Petronas's revenue, but also destabilises the wider oil and gas industry in Malaysia,' he said in a statement. Muhyiddin, who is also the Bersatu president and Pagoh MP, cited a June 2 report by The Edge, which stated that several oil and gas companies in the country reported declining earnings or losses in the first quarter of 2025. A key reason cited was the underutilisation of vessels and delays in exploration activities, both stemming from Petronas's dispute with Petros. 'If this situation persists, it will not only place Petronas and its employees in a state of uncertainty, but also jeopardise the entire oil and gas ecosystem. Currently, over 70,000 Malaysians are employed in the oil and gas services and equipment sector,' he said. Last week, Petronas president and group CEO Tengku Muhammad Taufik Aziz announced that the company would reduce its headcount by more than 5,000 people to cut costs due to falling crude prices. Yesterday, Petronas reaffirmed its commitment to safeguarding employee welfare amid a company-wide restructuring exercise that will cut about 10% of its workforce, including by offering competitive separation packages. On Saturday, deputy prime minister Fadillah Yusof said Petronas's move to trim its workforce stemmed from global challenges and was not connected to the national oil firm's issues with Petros. Muhyiddin urged the government to exercise prudence in its use of Petronas funds, especially at a time when national debt was rising and the economy remained weak. He said the government should urgently table a sustainability plan for Petronas, along with a clear roadmap for the future of Malaysia's oil and gas industry.
