Latest news with #EnergyAsia2025
Borneo Post
5 days ago
- Business
- Borneo Post
Sabah delegates gain strategic insights at Energy Asia 2025
Mohd Hanafiah (centre) visiting the immersive tunnel at the Energy Park — a three-day pop-up exhibition set up by Petronas in conjunction with Energy Asia 2025, showcasing its net-zero ambitions through interactive experiences. KOTA KINABALU (July 18): The Energy Asia 2025 conference in Kuala Lumpur served as a valuable platform for Sabah delegates to gain insights into Asia's evolving role in the energy sector — particularly in the context of driving a just and inclusive energy transition. Permanent Secretary of the Ministry of Science, Technology and Innovation Datuk Mohd Hanafiah Mohd Kassim, described it as a fast-track introduction to energy transition as speakers and eminent experts shared their insights during the three-day conference held at Kuala Lumpur Convention Centre from June 16 to 18. Attending the conference for the first time, Mohd Hanafiah described it as an eye-opening and impactful experience. 'I believe this platform serves as a fast track for me to understand where we stand in our energy initiatives, particularly from the perspectives of innovation and strategy. The speakers were brilliant, able to articulate complex issues in 15 minutes, and respond to questions with clarity and depth. It's been an eye-opening experience.' He was particularly interested in the dialogues that touched on regulation and governance in dealing with energy transition. He noted that to develop effective and competent regulatory frameworks, a one-size-fits-all approach would not work. Another Sabah delegate, Chief Executive Officer of Invest Sabah Berhad Dr Firdausi Suffian said that Energy Asia clearly spelled out that there can be no net zero without Asia. 'The sharing here highlighted the importance of collaboration, diversification, and, of course, upskilling. These are not just buzzwords; they are strategic imperatives if we are serious about driving a just and inclusive energy transition in this region, ensuring that no one is left behind as we move towards a more sustainable and resilient energy future,' he said. Firdausi called on policymakers and industry players, as well as academics and civil society, to attend such conferences, saying they had a role to play in understanding and supporting energy transition, which requires a collective and inclusive approach to ensure long-term sustainability and resilience. 'If you look at the entire programme and discussions, they all seem to share a common consensus, which can be summarised very clearly: the energy transition must be approached through the lens of context,' he added. Energy Asia, hosted by Petronas in partnership with Knowledge Partner CERAWeek by S&P Global, wrapped up with a powerful call to accelerate a just, inclusive, and practical energy transition. The event gathered over 4,000 participants from 60 countries and 38 sectors, uniting policymakers, investors, innovators and energy professionals under one roof to exchange insights and drive forward-looking solutions. Through more than 50 strategic dialogues across seven sub-themes, Energy Asia explored the collaborative efforts among Asian nations to strengthen energy security, advance renewable energy adoption, implement decarbonisation solutions, enable technology transfer, and drive both economic and socio-economic development.
The Star
06-07-2025
- Business
- The Star
PETRONAS PUSHES FORWARD ON CCS
KUALA LUMPUR: Malaysia's national oil and gas company Petroliam Nasional Berhad (PETRONAS) is progressing steadily with plans to begin carbon capture and storage (CCS) operations by end of 2029, targeting an initial storage capacity of 15 million tonnes of CO2 per annum. The effort represents one of four key pillars in PETRONAS' decarbonisation strategy, supporting its long-term goal of achieving net zero carbon emissions by 2050. Apart from ensuring energy security for the nation, through the development of CCS infrastructure, the company aims to decarbonise its own operations while helping to build Malaysia's capability to offer storage solutions for industrial emitters across the region. Speaking during a CCS media dialogue held on June 17 at the Kuala Lumpur Convention Centre in conjunction with Energy Asia 2025, Emry Hisham Yusoff, head of PETRONAS' carbon management division, said the company is establishing a network of offshore storage sites and related infrastructure such as pipelines, port terminals and CO2 transport vessels to serve both domestic needs and potential cross-border demand from Japan, South Korea and Singapore. Reducing emissions through CCS 'Carbon capture and storage is one of the key pillars in PETRONAS' broader decarbonisation efforts,' Emry said. 'We've leveraged our offshore capabilities, including seismic data analysis and well drilling, to repurpose depleted oil and gas fields for permanent CO2 storage.' He explained that CCS wells differ from traditional production wells in purpose and design. 'Unlike wells drilled to extract hydrocarbons, CCS wells are designed to inject CO2 deep underground and ensure it stays sealed,' he added. PETRONAS' flagship Kasawari CCS project off the coast of Sarawak has commenced gas production and is progressing through the carbon capture phase. However, CO2 injection operations have yet to begin. While Kasawari plays an important role in developing technical expertise, the broader focus is shifting towards infrastructure development in Peninsular Malaysia, especially near industrial zones such as the Malaysia-China Kuantan Industrial Park. Other prospective sites under assessment include the Lawit gas field off Terengganu, and the Duyong gas field and Penyu basin near the Pahang coast. PETRONAS carbon capture and storage head Nor A'in Md Salleh shared that five to seven CCS sites across Malaysia are in varying stages of evaluation. 'The total assessed storage capacity currently stands at around 2.4 billion tonnes,' she said, noting that future assessments may increase that figure as more geological data becomes available. Growth potential PETRONAS sees CCS as a new service line within its broader portfolio, offering decarbonisation solutions for regional industrial emitters. 'Our infrastructure is designed to support industries in Malaysia and neighbouring countries that have declared ambitious net-zero targets,' Emry said. He explained that PETRONAS is actively engaging with emitters in Singapore and South Korea, while also exploring collaboration opportunities with Japan, which aims to capture between 120 and 240 tonnes of CO2 annually by 2050 as part of its decarbonisation efforts. 'With the right infrastructure in place, Malaysia could attract industries producing low-carbon products such as blue ammonia and blue hydrogen, both of which rely on CCS to manage their carbon footprints,' Emry added. 'This is not just about PETRONAS. It is about building a broader ecosystem that enables real climate action, both locally and regionally,' he said. In line with this, PETRONAS is partnering with Mitsui OSK Lines and MISC Berhad to develop what could become the world's first large-scale liquefied CO2 transport vessel, enabling cross-border shipment of captured carbon. Current vessel sizes remain limited, and this development is seen as critical to scale-up. The company has completed front-end engineering design for the vessel, and subsequent development phases are expected to proceed smoothly. Meanwhile, the company's strategy, planning and commercial, carbon management head Faizah Ramlee said the Japanese government has selected Malaysia as a storage destination for captured CO2 emissions from Japan, reflecting an ongoing collaboration between Malaysia, Japan and other partners. 'Our partners are also on board to secure customers that we'll be servicing with carbon capture and storage solutions, and we are also working closely with our LNG marketers to support their customers who are looking for carbon capture solutions.' Addressing high costs and market readiness While interest in CCS is growing, Emry acknowledged that economic viability remains a significant challenge, especially at the capture stage. 'The capture process is expensive, and industries may find it hard to absorb these costs without regulatory incentives or clear market signals,' he said. 'Unless there's a price differential or regulatory push, widespread adoption will remain limited.' To overcome these barriers, PETRONAS is working on cost optimisation through fit-for-purpose and standardised infrastructure, as well as economies of scale. Although it will not be directly implementing capture technology for industrial users, the company plans to provide technical guidance and best practices. Emry said PETRONAS aims to support industrial emitters by sharing insights on efficient capture technologies and emphasised the importance of aligning capture efforts with storage readiness timelines. 'The start of our CCS operations depends heavily on the readiness of industrial partners to align their capture efforts with our storage infrastructure rollout.' Regulatory landscape and safety Malaysia's legal framework for CCS is evolving. Emry noted that while the Petroleum Development Act 1974 currently governs storage in depleted fields, additional regulations are needed to address CO2 capture from non-oil and gas sources and cross-border transport. He added that the recent passage of a Carbon Capture, Utilisation and Storage (CCUS) Bill 2025 by Parliament, pending gazettement, will help formalise oversight and establish a dedicated authority to regulate the CCS industry in Malaysia. Preparing for all eventualities Environmental safety is central to PETRONAS' CCS strategy. The company has drawn lessons from pioneering CCS projects in Norway, such as Sleipner and Northern Lights, to inform its approach to risk mitigation. 'We have used insights from these projects to guide our environmental impact assessment,' Nor A'in said. PETRONAS evaluates four main criteria when selecting sites: the presence of impermeable cap rocks, injectivity, reservoir safety and minimum storage depth. 'We've set a minimum depth of 1,000 metres for all sites. Even in the unlikely event of a small leak, the impact would be negligible at that depth,' she explained. Building for a low-carbon future While energy supply remains PETRONAS' core business, CCS is being developed as a commercially viable solution to support industries, particularly in hard-to-abate sectors. 'CCS is one of the essential tools for industrial decarbonisation and a sustainable energy future in the region,' Emry said. He added that broader adoption depends on ecosystem readiness, including industrial emitters, supportive regulations, and shared infrastructure, and that Malaysia's geological advantages combined with PETRONAS' offshore expertise provide a solid foundation for progress.
Korea Herald
30-06-2025
- Business
- Korea Herald
From Insight to Impact: LRQA connects with Energy Innovators at Energy Asia 2025
KUALA LUMPUR, Malaysia, June 30, 2025 /PRNewswire/ -- As global conversations around energy transition and decarbonisation intensify, LRQA reaffirmed its commitment to driving change and supporting businesses through this critical transformation at Energy Asia 2025 and Energy and Nature Forum, held in Kuala Lumpur. This flagship conference brought together energy leaders, policymakers, investors, and sustainability advocates to accelerate Asia's pathway towards a low-carbon future. With the theme of this year's event centred around 'Charting Pathways for a Sustainable Energy Future,' Energy Asia 2025 served as a pivotal platform to explore innovative strategies for achieving net-zero ambitions, energy security, and industrial resilience. LRQA contributed to the dialogue at a dedicated booth on the exhibition floor, where the team engaged with both existing partners and potential clients. Through in-depth discussions and knowledge sharing, LRQA showcased its deep industry and regulatory expertise across assurance, ESG, and energy sector risk management, highlighting how its integrated services can support organisations in navigating the complex journey of energy transition. Key takeaways from the event included: Reflecting on LRQA's participation, Leanne Halliday, Global Head of Energy and Renewables at LRQA, said,"Our presence at Energy Asia 2025 allowed us to deepen strategic partnerships while learning from the experiences of global and regional energy leaders, understanding their unique challenges on their individual energy transition journeys. Events like these are crucial not just for sharing insights but for forging collaborations that lead to real-world impact. At LRQA, we're uniquely positioned to help organisations meet both regulatory and stakeholder demands with confidence, whether it's through independent assurance, advisory, or data-led decision-making." Participation in high-level forums such as Energy Asia 2025 strengthens LRQA's role as a trusted partner in the energy sector, supporting clients to anticipate risks, improve sustainability performance, and seize opportunities in a fast-changing regulatory and operating environment. About LRQA LRQA is a leading global assurance partner, bringing together decades of unrivalled expertise in assessment, advisory, inspection and cybersecurity services. Our solutions-based partnerships are supported by data-driven insights that help our clients solve their biggest business challenges. Operating in more than 150 countries with a team of more than 5,000 people, LRQA's award-winning compliance, supply chain, cybersecurity and ESG specialists help more than 61,000 clients across almost every sector to anticipate, mitigate and manage risk wherever they operate. In everything we do, we are committed to shaping a better future for our people, our clients, our communities, and our planet. Please contact:
Malaysian Reserve
30-06-2025
- Business
- Malaysian Reserve
From Insight to Impact: LRQA connects with Energy Innovators at Energy Asia 2025
KUALA LUMPUR, Malaysia, June 30, 2025 /PRNewswire/ — As global conversations around energy transition and decarbonisation intensify, LRQA reaffirmed its commitment to driving change and supporting businesses through this critical transformation at Energy Asia 2025 and Energy and Nature Forum, held in Kuala Lumpur. This flagship conference brought together energy leaders, policymakers, investors, and sustainability advocates to accelerate Asia's pathway towards a low-carbon future. With the theme of this year's event centred around 'Charting Pathways for a Sustainable Energy Future,' Energy Asia 2025 served as a pivotal platform to explore innovative strategies for achieving net-zero ambitions, energy security, and industrial resilience. LRQA contributed to the dialogue at a dedicated booth on the exhibition floor, where the team engaged with both existing partners and potential clients. Through in-depth discussions and knowledge sharing, LRQA showcased its deep industry and regulatory expertise across assurance, ESG, and energy sector risk management, highlighting how its integrated services can support organisations in navigating the complex journey of energy transition. Key takeaways from the event included: A heightened emphasis on data-driven strategies to accelerate decarbonisation. Increased interest in independent assurance and verification for sustainability claims. Every just energy transition journey is unique and has its own unique risks, opportunities, and challenges – across technical, social, biodiversity, carbon, collaboration, and cost. The growing importance of building resilience in energy infrastructure through robust risk management and ESG governance. Reflecting on LRQA's participation, Leanne Halliday, Global Head of Energy and Renewables at LRQA, said, 'Our presence at Energy Asia 2025 allowed us to deepen strategic partnerships while learning from the experiences of global and regional energy leaders, understanding their unique challenges on their individual energy transition journeys. Events like these are crucial not just for sharing insights but for forging collaborations that lead to real-world impact. At LRQA, we're uniquely positioned to help organisations meet both regulatory and stakeholder demands with confidence, whether it's through independent assurance, advisory, or data-led decision–making.' Participation in high-level forums such as Energy Asia 2025 strengthens LRQA's role as a trusted partner in the energy sector, supporting clients to anticipate risks, improve sustainability performance, and seize opportunities in a fast-changing regulatory and operating environment. About LRQA LRQA is a leading global assurance partner, bringing together decades of unrivalled expertise in assessment, advisory, inspection and cybersecurity services. Our solutions-based partnerships are supported by data-driven insights that help our clients solve their biggest business challenges. Operating in more than 150 countries with a team of more than 5,000 people, LRQA's award-winning compliance, supply chain, cybersecurity and ESG specialists help more than 61,000 clients across almost every sector to anticipate, mitigate and manage risk wherever they operate. In everything we do, we are committed to shaping a better future for our people, our clients, our communities, and our planet. For more information, visit Further information Please contact: Hasan SurveRegional Marketing Manager – Asia Pacific (APAC), +971-501097184 Photo:
Yahoo
30-06-2025
- Business
- Yahoo
From Insight to Impact: LRQA connects with Energy Innovators at Energy Asia 2025
KUALA LUMPUR, Malaysia, June 30, 2025 /PRNewswire/ -- As global conversations around energy transition and decarbonisation intensify, LRQA reaffirmed its commitment to driving change and supporting businesses through this critical transformation at Energy Asia 2025 and Energy and Nature Forum, held in Kuala Lumpur. This flagship conference brought together energy leaders, policymakers, investors, and sustainability advocates to accelerate Asia's pathway towards a low-carbon future. With the theme of this year's event centred around 'Charting Pathways for a Sustainable Energy Future,' Energy Asia 2025 served as a pivotal platform to explore innovative strategies for achieving net-zero ambitions, energy security, and industrial resilience. LRQA contributed to the dialogue at a dedicated booth on the exhibition floor, where the team engaged with both existing partners and potential clients. Through in-depth discussions and knowledge sharing, LRQA showcased its deep industry and regulatory expertise across assurance, ESG, and energy sector risk management, highlighting how its integrated services can support organisations in navigating the complex journey of energy transition. Key takeaways from the event included: A heightened emphasis on data-driven strategies to accelerate decarbonisation. Increased interest in independent assurance and verification for sustainability claims. Every just energy transition journey is unique and has its own unique risks, opportunities, and challenges - across technical, social, biodiversity, carbon, collaboration, and cost. The growing importance of building resilience in energy infrastructure through robust risk management and ESG governance. Reflecting on LRQA's participation, Leanne Halliday, Global Head of Energy and Renewables at LRQA, said, "Our presence at Energy Asia 2025 allowed us to deepen strategic partnerships while learning from the experiences of global and regional energy leaders, understanding their unique challenges on their individual energy transition journeys. Events like these are crucial not just for sharing insights but for forging collaborations that lead to real-world impact. At LRQA, we're uniquely positioned to help organisations meet both regulatory and stakeholder demands with confidence, whether it's through independent assurance, advisory, or data-led decision-making." Participation in high-level forums such as Energy Asia 2025 strengthens LRQA's role as a trusted partner in the energy sector, supporting clients to anticipate risks, improve sustainability performance, and seize opportunities in a fast-changing regulatory and operating environment. About LRQA LRQA is a leading global assurance partner, bringing together decades of unrivalled expertise in assessment, advisory, inspection and cybersecurity services. Our solutions-based partnerships are supported by data-driven insights that help our clients solve their biggest business challenges. Operating in more than 150 countries with a team of more than 5,000 people, LRQA's award-winning compliance, supply chain, cybersecurity and ESG specialists help more than 61,000 clients across almost every sector to anticipate, mitigate and manage risk wherever they operate. In everything we do, we are committed to shaping a better future for our people, our clients, our communities, and our planet. For more information, visit Further information Please contact: Hasan SurveRegional Marketing Manager – Asia Pacific (APAC), +971-501097184 View original content: SOURCE LRQA Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
