M’sia to gain from robust demand for LNG

Juwai IQI global chief economist Shan Saeed

PETALING JAYA: The rising demand for liquefied natural gas (LNG), of which Malaysia is the world’s fifth-largest exporter, augurs well for the country as it will provide a boost to the economy and have positive spillover effects.

Economists and oil analysts expect LNG, a cleaner source of energy compared with coal and crude oil, to see a pick-up in demand this year as industrial coal-to-gas switching gathers pace.