Asia will be the driving force behind expansion, says PM
Malaysian Prime Minister urges AOGC delegates to innovate and reform to spark more growth
Fast-developing Asian nations will continue to be the driving force behind future global economic expansion and more energy will be essential to bolster this growth, the Malaysian Prime Minster, Dato’ Sri Mohd Najib Tun Razak, told delegates at the 18th edition of the Asia Oil & Gas Conference. But the key to sustainable development is to make the most of the opportunities, during these challenging times, to innovate and reform, he added. It has taken years for many economies to recover from the financial crisis of 2008, but growth remains fragile in much of the developed world. Still world energy consumption has been robust. It stood at 11.7m tonnes of oil equivalent (toe) in 2008, but
Also in this section
20 March 2026
Attacks on key oil and LNG assets across the Gulf mean a prolonged supply disruption, with damage to Qatar’s export capacity undermining confidence in the global gas system
20 March 2026
The US may be systemically stripping Russia of key geopolitical allies, but Moscow can reap rewards from the Hormuz crisis, both in the short and long term
20 March 2026
Disruptions to Qatari LNG exports have highlighted the risks of concentrated supply, potentially strengthening the long-term position of US exporters despite limited near-term flexibility
20 March 2026
The extent of the US-Israel war with Iran means there will be no going back to the previous market equilibrium no matter how the conflict ends
