June 04-08,2012 — World Gas Conference 2012 Kuala Lumpur,Malaysia. The gas industry has experienced encouraging growth in the last few decades. While the realities of the world economy today continue to pose a challenge to the profitability and growth of our industry, gas companies have exhibited resilience and ingenuity in dealing with this tough market environment. In this environment, gas players have an opportunity to re-asses their strategic directions and competencies and prepare for the coming economic upturn.
Furthermore, with the increasing awareness of the need to limit carbon emissions to the atmosphere to halt climate change, gas is increasingly seen as cleaner source of energy, which would ease the world’s evolution towards a low carbon economy. Thus, the gas industry is poised to take on an even more important role in the world’s energy future, in tandem with the growth of interest in renewable and alternative energy resources. As an important regional gas player, Malaysia expects to leverage on its track record as a reliable liquefied natural gas (LNG) exporter and operator of an extensive gas pipeline network, as well as its central location within the Asia Pacific region. Having developed significant gas infrastructure, resources and human capital, gas industry players in Malaysia are expected to continue to contribute to the growth of the global gas industry.