KUALA LUMPUR: Malaysia’s energy supply remains secure despite global uncertainties linked to the ongoing Middle East conflict and its impact on global markets, says Prime Minister Datuk Seri Anwar Ibrahim.
“God willing, it is sufficient,” he said briefly when met after Friday prayers at the Al-Muttaqin Mosque in Wangsa Maju here yesterday.
The assurance comes as Malaysia intensifies efforts to safeguard the country’s energy security and extend available supply reserves, amid concerns over the impact of ongoing geopolitical tensions on global markets.
Anwar also visited Hospital Kuala Lumpur (HKL) to observe its operations while meeting patients and members of the public receiving treatment at the hospital, Bernama reported.
Anwar expressed his prayers for the recovery and ease of all patients in a Facebook post.
“I took the opportunity to observe operations at HKL while greeting and checking on members of the public receiving treatment.
“My prayers are with them for recovery, ease in all matters; and continued strength,” he said.
Anwar also expressed appreciation to HKL healthcare workers for their dedication and sacrifices in delivering services to the people.
“Thank you to all HKL healthcare personnel who continue to serve with patience, compassion and great sacrifice in safeguarding the lives and welfare of the rakyat every day,” he added.
On Tuesday (May 19), Economy Minister Akmal Nasrullah Mohd Nasir said the impact of the global supply crisis is expected to become more significant in the third quarter of this year, particularly in terms of price stability, industrial operating costs, and the labour market.
Akmal said this was because the impact of the global crisis in the previous quarter had remained limited, supported by strong gross domestic product (GDP) growth and overall resilient domestic economic performance.
He added that global energy conditions remained relatively stable, with gas prices rising only slightly while coal prices eased.
“The average price of liquefied natural gas (LNG) increased slightly by 1.7%, from US$17.41 per million BTU to US$17.71 per million BTU.
“This increase indicates that the global gas market remains under control, with sufficient inventories available across major markets worldwide.
“In the energy sector, coal prices recorded a decline of 1.3%, from US$133.19 per metric tonne to US$131.50 per metric tonne, indicating that global coal supply and demand remain balanced, particularly for the electricity generation sector in Asia,” said Akmal.
