What new international energy sources is Malaysia exploring?

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Malaysia is Diversifying Energy Supply with New International Sources

Malaysia is actively exploring and establishing new international energy supply sources to bolster its energy security and ensure sufficient domestic supply. This strategic diversification includes seeking new partners for both oil and coal, aiming to reduce reliance on single suppliers and mitigate potential disruptions.
New Oil Supply Avenues

The government, through Petroliam Nasional Bhd (Petronas) and other oil companies, is actively pursuing new supply sources for oil. This initiative involves establishing relationships with countries such as South Africa and the United States to ensure the continuity of economic activities. While some of these new sources may be geographically farther and potentially more expensive, the primary objective is to guarantee an adequate domestic energy supply.
Expanding Coal Procurement

For coal supply, Malaysia is broadening its sourcing beyond its primary supplier, Indonesia. The country is now looking to include the United States and Australia as additional sources for coal. This expansion aims to reduce the significant dependence on Indonesia and thereby strengthen the overall security of the nation's energy supply.
Risk Management Through Diversification

The strategy of diversifying energy sources is fundamentally a sound risk management approach. By establishing multiple supply channels, Malaysia can increase its resilience. If any disruption occurs in one supplier country, the nation will still have the option to increase supply from other alternative sources, thereby safeguarding its energy needs.

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What new international energy sources is Malaysia exploring?

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