Japan Shows Strong Interest in Investing in Malaysia's Green Hydrogen Sector
Key Ideas
- Japan expresses continued interest in investing in Malaysia's green hydrogen sector, particularly in Sarawak, and seeks support and cooperation from Malaysia.
- Deputy Prime Minister Fadillah Yusof discusses energy transition strategies with countries like Singapore, Vietnam, Brunei, and Japan during the APEC Energy Ministers Meeting.
- Cooperation opportunities in halal certification, SME capacity development, and the 3rd Asia Zero Emission Community Ministerial Meeting are also explored.
- The implementation of third party access (TPA) in the electricity supply industry is a key topic for Malaysia, with plans to announce mechanisms and rules in September.
Deputy Prime Minister Datuk Seri Fadillah Yusof, during his visit to Peru for the APEC Energy Ministers Meeting, highlighted Japan's keen interest in investing in Malaysia's energy sector, specifically in the green hydrogen domain. Japan has already made investments in Sarawak for green hydrogen production, and Fadillah mentioned that Malaysia would receive support from Japan in terms of investment. Discussions during the meeting also covered energy transition strategies, with a focus on clean and renewable energy supply and ensuring energy security. The meeting emphasized the importance of not leaving any party behind in the transition to renewable and clean energy. Additionally, cooperation opportunities with countries like Singapore, Vietnam, and Brunei were explored, including the development of halal certification, SME capacity building, and the organization of the 3rd Asia Zero Emission Community Ministerial Meeting in 2025. The issue of implementing third party access (TPA) in the electricity supply industry was also addressed, with plans to announce details in September and gather feedback from industry players. The APEC Energy Ministers' Meeting aimed to bring together energy ministers from the Asia-Pacific region to strategize and drive the energy transition forward.