Published on: Thursday, December 31, 2020
By: Bernama
Photo: Bernama
Kuala Lumpur: The oil and gas industry outlook in 2021 is expected to remain challenging due to the unprecedented demand destruction from the COVID-19 pandemic which has made a profound impact on both the domestic and global markets, said Petroliam Nasional Bhd (Petronas).
The national oil company has maintained a prudent view despite the collapse in oil prices and will continue to accelerate the transition towards a low-carbon economy, spurring policy intervention and global collaborations across industries.
“Although gas remains a crucial and cleaner source of fuel, diversification into renewable energy is imperative.
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