Push for O&G firms to diversify


Dateline 2018-11-09, The Edge:

There may be no chance for Malaysian oil & gas (O&G) firms to rest on their laurels given the anticipated demand preference policy activism towards green energy and renewables, which will eventually result in lower fossil fuel consumption.

“There is a lot of debate about how to fuel the future moving forward,” said Institute for Democracy and Economic Affairs (IDEAS) senior fellow Professor Renato Lima de Oliveira.

“However, renewables have shown impressive gains in competitiveness in recent years, and in some cases, the cheapest sources for electricity generation.

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