Contact KIC for data requests, research, and analysis. Contact Us »
ASmall
AMedium
ABigger
The National Energy Council (DEN), in SKK Migas's 2016 Annual Report, targeted a 31 percent share of New and Renewable Energy (NRE) by 2050. This figure represents 31 percent of the total national energy needs of 1,030 MTOE. However, in 2017, the NRE share only reached 11 percent.
The increasing demand for petroleum fuel, driven by the proliferation of motor vehicles, coupled with dwindling fossil fuel reserves and supply, has prompted the government to accelerate the production of renewable energy. While NRE is still considered uneconomical due to its higher price compared to conventional energy, this step is necessary to prevent future energy crises.
In 2015, petroleum dominated the national energy mix at 46 percent. However, this is projected to fall to 30 percent by 2025. By 2050, the petroleum share is expected to further decrease to 25 percent, falling below that of NRE.
"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy,
but please note that automated translations may contain errors or slight inconsistencies."