: The country faces higher imports of gas energy for electricity use in the coming years if it continues to depend on the commodity without efforts to accelerate the transition to more sustainable energy.
“So, we have to tell the truth to the people, and the truth is painful,” said Rafizi when speaking as a panelist in the National Institute of Public Administration Minister’s Conversation 2024 programme here today. Rafizi explained that taking every RM1 dividend from Petronas also affects the company, where it reduces the financial ability of Petronas to go out of the country to develop new oil wells.
“Secondly, any change from status quo... from point A to point B requires mindset and cultural change, and it is not easy for a country that has set its views and practices for decades, and this I think no economist can factor in,” said the minister.