ASEAN KEY DESTINATIONS
Abdullah: Energy key for Asia's future growth
"The rapid growth in emerging economies will drive a significant expansion in global demand for energy in the period up to 2030," Badawi told the 12th Annual Asia Oil & Gas Conference which opened at the Kuala Lumpur Convention Center here.
"The Asian region, led by China and India, will play a prominent role in fueling this expansion," Badawi said.
Noting that energy supply, although plentiful now, is not optimistic in the long-term, the Malaysian leader said that energy interdependence, managing sustainablity, technology and innovation, as well as human capital development will help shape the future of energy.
He stressed that various political issues and conflicts in the region, especially in West Asia, will have a significant impact on energy security.
Technology was expected to play a critical role in finding and unlocking energy resources, especially in harsh and difficult environments, he said.
Badawi said technological improvements would also help reduce the environmental footprint of the energy industry, including the reduction of carbon monoxide emissions.
The conference is being co-hosted by Malaysia's state-owned oil company Petronas, the Malaysian Institute of Economic Research and other groups. More than 1,200 delegates from 50 countries were participating the two-day event. PNA/Xinhua