Russia assures Malaysia of long-term oil, gas and diesel supplies; Malaysia seeks additional energy sources
Russia has assured Malaysia of oil, gas and diesel supplies for at least the next 20 years. The long-term energy agreement is framed as a reflection of strong bilateral ties. Malaysia’s government expects current energy supply to be sufficient until July, with short-term supply assurance qualified with 'insya-Allah'. According to CNA, Petronas signed new energy agreements with Turkmenistan. Theedg
Russia has assured Malaysia of oil, gas and diesel supplies for at least the next 20 years. The long-term energy agreement is framed as a reflection of strong bilateral ties. Malaysia’s government expects current energy supply to be sufficient until July, with short-term supply assurance qualified with 'insya-Allah'. According to CNA, Petronas signed new energy agreements with Turkmenistan. Theedgemarkets.com reported that Malaysia has gained access to one of the largest gas reserves in the world through cooperation with Turkmenistan and that Malaysia’s recent official visit to Turkmenistan yielded new access for Malaysia in the oil and gas sector. Theedgemalaysia.com reported that PETRONAS is sourcing additional energy supplies from Africa. The agreement is framed as a stabilizing factor in volatile global markets and as boosting investor confidence.
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