Russia and Malaysia have begun working on an intergovernmental agreement on deliveries of floating nuclear power plants (FNPP), according to Alexei Likhachev, the CEO of state nuclear corporation Rosatom.

Meanwhile, Chang said Malaysia signed a Civil Nuclear Strategic Partnership agreement with the US, envisaging long-term cooperation in developing Malaysia’s civil nuclear energy capabilities in a safe and responsible manner.

During the visit, the Malaysian delegation were shown Rosatom’s technologies at the Leningrad NPP and also visited the Atom Museum which shows the historical development of the Russia’s nuclear industry.

“Since the decision has been made by the National Energy Council and endorsed by the Cabinet, nuclear energy is likely to be included in the 13th Malaysia Plan (RMK-13) as one of the country’s official energy sources,” Rafizi told reporters after the National OGSE (Oil & Gas, Services & Equipment) Blueprint Forum 2024 in Kuala Lumpur.

H2biscus will convert hydropower and natural gas into green hydrogen/methanol and blue hydrogen, and also convert hydrogen to ammonia, with an aim to supply the hydrogen and ammonia to Sarawak and South Korea.

Petronas is pushing for the increased use of natural gas as a cleaner source of fuel while building capabilities in renewable energy for the security and sustainability of its supply,

Coal accounts for 35% of Vietnam’s installed capacity, with nearly 20 GW (end of 2019). More than 10 GW of coal projects are currently under construction and 24 GW under development.

This is Malaysia's worst performance on record and first quarterly decline since the third period of 2009, amid the global financial crisis.

Petronas plans to reduce its capital expenditures by 21% and its operating costs by 12% in 2020

Petronas Profit After Tax (PAT) for the quarter stood at RM4.5 billion, 68 per cent lower than the RM14.2 billion posted in the corresponding quarter in the previous year,