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Daily Express
20-06-2025
- Business
- Daily Express
Energy Asia urges quicker transition
Published on: Friday, June 20, 2025 Published on: Fri, Jun 20, 2025 By: Larry Ralon Text Size: Taufik (right) with Dr Daniel Yergin (centre) and Dr Atul Arya at the closing session of Energy Asia 2025 on Wednesday. Kuala Lumpur: Energy Asia by Petronas and Knowledge Partner, CERAWeek by S&P Global concluded Thursday with a resounding call for urgent, inclusive and actionable delivery of the energy transition. Over the course of three days, the conference convened more than 4,000 attendees across 60 countries and 38 industries, including policymakers, financiers, technologists and energy professionals. Advertisement Leaders from governments and business also acknowledged that while the region has made considerable progress in setting targets and forging partnerships, the focus must now shift decisively toward delivery at speed and scale. Against the backdrop of intensifying global challenges, leaders reaffirmed that Asia plays a major role in the energy transition. The region's rising energy demand, economic growth and development needs make it both indispensable and distinct as such, transition strategies must be regionally grounded, prioritising energy access, affordability and socioeconomic progress. Notwithstanding, transitions in the developing world and emerging economies must be rooted on access and affordability and cannot come at the expense of energy security and sustainability. Advertisement Officiated by Prime Minister Seri Anwar Ibrahim, the conference centred on the theme 'Delivering Asia's Energy Transition'. Through more than 50 strategic dialogues, Energy Asia fostered pragmatic, multi-stakeholder collaboration with a shared sense of urgency. Speaking at the closing ceremony, Petronas President and Group CEO Tan Sri Tengku Muhammad Taufik, who is also Chairman of Energy Asia, said the objective of Energy Asia 2025 is to address the realities of the energy transition within the context of this region. 'The perspectives aired over the past three days have successfully highlighted the existing and emerging challenges faced and underscored the imperative to build a resilient energy system,' he said. 'Asia stands firm in our pragmatic and collaborative approach in shaping a just and equitable energy future for more than half of the global population. Beyond the thought leadership that was front and centre at the conference, Energy Asia 2025 also witnessed the formation of numerous new initiatives and partnerships that are positioned to deliver real outcomes for the region.' A landmark feature of this year's conference was the inaugural Energy Asia Global Leadership Executive Forum, a closed-door gathering of over 30 global CEOs and C-suite leaders from energy, finance, technology and professional services. This high-level dialogue produced alignment on four critical areas of action, namely sharing of best practices to build resilient energy systems; enhancing project bankability to unlock capital flows and investor confidence; reducing emissions while delivering social impact; and accelerating innovation and adoption of decarbonisation technologies. In a show of real momentum, Energy Asia 2025 also witnessed the signing of 14 Memoranda of Understanding (MoUs) and the advancement of several high-impact initiatives across technologies, geographies and business models. Notable announcements to support resilience of energy supply include Strategic Cooperation Agreement and Farm-Out Agreements between Petronas and TotalEnergies, deepening upstream collaboration in Malaysia; Joint Venture Framework Agreement between Petronas and Eni to explore a regional upstream joint venture; Award of the Temaris Cluster Small Field Asset PSC by Petronas, through Malaysia Petroleum Management (MPM) to Seascape Energy Asia (One) Sdn Bhd, advancing Malaysia's upstream development; LNG Sale and Purchase Agreement between Petronas LNG Ltd. and Commonwealth LNG, strengthening supply diversification through the United States; and MoU between Petronas and Jera to deepen collaboration across the gas value chain, supporting Japan's energy security and sustainability agenda. Equally, these announcements have matched by initiatives to support energy transition: Launch of Blue Carbon Collective by Petronas in collaboration with Mercedes-AMG Petronas Formula 1 Team, the University of Sao Paolo and Universiti Putra Malaysia to advance research in mangrove-based carbon capture and storage. Launch of Petronas Energy Transition Academy (P-ETA) to equip the energy workforce with skills for a low-carbon future. Formation of Jules Nautica Sdn Bhd, a joint venture between Petronas CCS Ventures, MISC Berhad and Mitsui O.S.K. Lines to own and operate liquefied carbon dioxide (LCO2) carriers for carbon capture and storage (CCS). The Energy Park which runs concurrently with the Executive Conference welcomed almost 14,000 visitors, who engaged with the exhibitions on innovation and emerging technologies and cutting-edge solutions from partners and collaborators of Energy Asia. Energy Asia aims to advance the region's Net-Zero ambitions by bringing together policymakers, industry captains and energy professionals through actionable solutions for a just and responsible energy transition. Spanning three days from June 16 to 18 at the Kuala Lumpur Convention Centre, Energy Asia is poised to deliver riveting thought leadership discussions alongside a showcase of cutting-edge technology and solutions. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
19-06-2025
- Business
- Daily Express
Energy Asia 2025 ends with call for urgent regional transition action
Published on: Thursday, June 19, 2025 Published on: Thu, Jun 19, 2025 By: Larry Ralon Text Size: Taufik (right) with Dr Daniel Yergin (middle) and Dr Atul Arya during the closing session of Energy Asia 2025. KUALA LUMPUR: Energy Asia by Petronas and its Knowledge Partner, CERAWeek by S&P Global, concluded on Wednesday with a strong call for urgent, inclusive, and actionable delivery of the energy transition. Over the course of three days, the conference gathered more than 4,000 attendees from 60 countries and 38 industries, including policymakers, financiers, technologists, and energy professionals. Advertisement Government and business leaders acknowledged that, while the region has made significant progress in setting targets and forming partnerships, the focus must now shift decisively towards implementation at speed and scale. Amid intensifying global challenges, leaders reaffirmed Asia's critical role in the energy transition, noting that the region's rising energy demand, economic growth, and development needs require strategies that are locally grounded and prioritise energy access, affordability, and socioeconomic advancement. Transitions in developing nations and emerging economies, however, must remain rooted in access and affordability and cannot come at the expense of energy security and sustainability. Officiated by Prime Minister Datuk Seri Anwar Ibrahim, the conference was themed 'Delivering Asia's Energy Transition' and featured more than 50 strategic dialogues that encouraged pragmatic, multi-stakeholder collaboration with a shared sense of urgency. Advertisement Speaking at the closing ceremony, Petronas President and Group CEO Tan Sri Tengku Muhammad Taufik, who also chairs Energy Asia, said the objective of Energy Asia 2025 is to address the region-specific realities of the energy transition. He noted that discussions over the past three days had surfaced both existing and emerging challenges while underscoring the need to build a resilient energy system. A key highlight of this year's conference was the inaugural Energy Asia Global Leadership Executive Forum—a closed-door gathering of over 30 global CEOs and C-suite leaders from the energy, finance, technology, and professional services sectors. This high-level dialogue resulted in alignment on four priority areas: sharing best practices to build resilient energy systems; enhancing project bankability to unlock capital flows; reducing emissions while delivering social impact; and accelerating innovation and the adoption of decarbonisation technologies. Demonstrating real momentum, Energy Asia 2025 also saw the signing of 14 Memoranda of Understanding (MoUs) and progress on several high-impact initiatives spanning technologies, geographies, and business models. Key announcements included a Strategic Cooperation Agreement and Farm-Out Agreements between Petronas and TotalEnergies to deepen upstream collaboration in Malaysia; a Joint Venture Framework Agreement between Petronas and Eni for regional upstream exploration; and the award of the Temaris Cluster Small Field Asset PSC by Petronas, through Malaysia Petroleum Management (MPM), to Seascape Energy Asia (One) Sdn Bhd. Additional milestones included an LNG Sale and Purchase Agreement between Petronas LNG Ltd. and Commonwealth LNG to strengthen supply diversification via the United States; and an MoU between Petronas and Jera to enhance collaboration across the gas value chain, supporting Japan's energy security and sustainability goals. Energy transition-focused initiatives announced during the event included: The launch of the Blue Carbon Collective by Petronas in collaboration with the Mercedes-AMG Petronas Formula One Team, the University of São Paulo, and Universiti Putra Malaysia to advance mangrove-based carbon capture and storage research. The establishment of the Petronas Energy Transition Academy (P-ETA) to equip the energy workforce with skills for a low-carbon future. The formation of Jules Nautica Sdn Bhd, a joint venture between Petronas CCS Ventures, MISC Berhad, and Mitsui O.S.K. Lines, to own and operate liquefied carbon dioxide (LCO₂) carriers for carbon capture and storage (CCS). Running concurrently with the Executive Conference, the Energy Park welcomed nearly 14,000 visitors who explored exhibitions on innovation, emerging technologies, and solutions presented by Energy Asia's partners and collaborators. Energy Asia aims to propel the region's Net Zero ambitions by convening policymakers, industry leaders, and energy professionals around practical solutions for a just and responsible energy transition. Spanning three days from 16 to 18 June at the Kuala Lumpur Convention Centre, the event featured high-level dialogues and showcases of cutting-edge technologies. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
16-06-2025
- Business
- Daily Express
Energy Asia 2025 opens with call for coordinated action on net zero
Published on: Monday, June 16, 2025 Published on: Mon, Jun 16, 2025 Text Size: Energy Asia opens with a powerful call for bold and unified actionable solutions to advance Asia's transition towards net zero. KUALA LUMPUR: Energy Asia 2025 opened today at the Kuala Lumpur Convention Centre with a call for collective, practical action to drive Asia's transition towards net zero. The three-day conference, hosted by Petronas with CERAWeek by S&P Global as a knowledge partner, brings together 38 industries from over 60 countries under the theme 'Delivering Asia's Energy Transition'. Advertisement Prime Minister Datuk Seri Anwar Ibrahim officiated the event, which convenes policymakers, industry leaders and energy professionals amid growing regional energy demands and climate commitments. Petronas President and Group CEO Tan Sri Tengku Muhammad Taufik, also Chairman of Energy Asia, said energy security and climate action must be pursued together through a unified ecosystem approach. A key feature was the inaugural Energy Asia Global Leadership Executive Forum, gathering over 30 CEOs and C-suite leaders from sectors including oil, renewables, power, technology and finance. Held under the Chatham House Rule, the forum outlined four main areas of collaboration: sharing best practices, enhancing project bankability, improving stakeholder engagement on sustainability, and accelerating innovation. The forum's recommendations aim to lay the groundwork for scaled-up partnerships and coordinated action to support energy system transformation across Asia. The conference will feature over 180 international speakers, including OPEC Secretary General Haitham Al Ghais, TotalEnergies CEO Patrick Pouyanné, and Woodside Energy CEO Meg O'Neill. More than 50 strategic dialogues will address topics such as energy security, renewables, decarbonisation, technology transfer, and sustainable development in the region. The event also includes the Energy Park showcasing innovation platforms, along with the Energy Asia Awards and Future Energy Leaders programme to recognise leadership and emerging talent. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Star
10-06-2025
- Business
- The Star
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 - Bernama
