National Energy Policy 2022 - 2040
Updated: Mar 12
The energy sector, which acts as the main driver of growth for the Malaysian economy, and energy-intensive industries contribute 28 per cent of the Gross Domestic Product (GDP) and account for 25 per cent of the total workforce.
In addition, the energy sector is also a key source of national income, with petroleum-related income contributing 31 per cent of fiscal income and energy exports constituting 13 per cent of total export value.
The energy sector has strongly contributed to the national socioeconomic impacts, benefiting over 10 million customers with daily access to electricity supply and is a foundational enabler for people's mobility through the reliable supply of various transport fuels.
Jobs and business opportunities created in the energy sector and economic multipliers in energy-related supply chains have also contributed significantly to the quality of life and positive socioeconomic effects for the rakyat.
The National Energy Policy, 2022-2040 aligns the energy sector to the country’s long-term plan of Wawasan Kemakmuran Bersama 2030