Malaysia’s strong international relations and political stability have helped ensure continued access to oil and gas supplies despite rising global energy uncertainty, Prime Minister Datuk Seri Anwar Ibrahim said.
He said Malaysia’s pragmatic diplomatic approach has enabled countries such as Russia and Turkmenistan to view Malaysia as a trusted partner, supporting long-term energy cooperation.
Recalling his recent visit to Turkmenistan, Anwar said the country had expressed willingness to work with Malaysia through Petroliam Nasional Bhd in operating one of the world’s largest gas fields.
“Malaysia maintains friendly relations with all nations, including the US and China. At the same time, our domestic political situation remains stable, without upheaval or racial discord,” he said.
Anwar said this stability is crucial in sustaining investor confidence and allowing the government to focus on its development agenda. He also stressed the importance of political continuity, saying stability is essential to attract foreign investment.
Anwar also noted that global energy markets are under strain due to conflicts in the Middle East, which have disrupted supply chains and shipping routes, including the Strait of Hormuz, pushing up oil prices.
He said some countries, including in ASEAN, have been forced to close hundreds of petrol stations due to fuel shortages, underscoring the severity of the crisis.
Despite the pressure, Anwar said Malaysia has managed to keep fuel prices stable, with RON95 maintained at RM1.99 per litre.
He added that while diesel prices were adjusted, protections remain in place for key sectors such as agriculture, public transport and buses.
“We must ensure that whatever the challenge, the burden does not fall on the people,” he said.
