KUALA LUMPUR: Malaysia must expedite its transition towards a more sustainable, diversified and cost-effective long-term energy strategy, said Prime Minister Datuk Seri Anwar Ibrahim.
He said that the decisive shift in the energy strategy is not merely an environmental necessity but also imperative amidst disruptions in global energy supply.
"The government has taken steps to manage exposure to volatility, balancing the need to ensure adequate supply with the imperative of mitigating pressures on the cost of living, following the disruptions in global energy supply," he said in his keynote address at the Kuala Lumpur-Ankara Dialogue 2026 here on Tuesday (April 7).
Anwar said that global energy disruptions will affect energy prices, and the impact will reverberate across production systems, supply chains, and the daily cost of living in advanced and developing economies.
"Already, we see the disruption to energy and infrastructure having immediate humanitarian implications, with wider socio-economic consequences that could further destabilise an already fragile environment," he said.
He noted that the disruptions are causing a humanitarian crisis and a broader systemic shock, unsettling markets, disrupting supply chains and straining economic stability across continents.
Anwar also added that Malaysia is not immune to disruptions in global energy supply, but remains firmly committed to safeguarding the well-being of Malaysians. – Bernama
