O&G to remain a significant portion of energy mix

Petroliam Nasional Bhd (Petronas) executive vice-president and chief executive officer, upstream Adif Zulkifli (pic)said as an industry tasked with catering to the growing energy demand, it was critical for the national oil company to continue to deliver energy that was affordable, secure and sustainable.

KUALA LUMPUR: Oil and gas (O&G) will continue to make up a significant portion of the energy mix, although at a declining trend of 47% by 2040 from about 54% in 2018 due to the growth of renewable energy.

Petroliam Nasional Bhd (Petronas) executive vice-president and chief executive officer, upstream Adif Zulkifli said as an industry tasked with catering to the growing energy demand, it was critical for the national oil company to continue to deliver energy that was affordable, secure and sustainable.