00:00It was striking that Russian energy facilities came under drone attack while Prime Minister
00:05Anwar Ibrahim was in Moscow recently to strengthen economic ties.
00:10For geopolitical analyst Farah Kim Beng, the juxtaposition is stark.
00:15War, he says, is escalating in Europe even as Kuala Lumpur seeks multi-year energy contracts
00:21to stabilize industries and households.
00:23Farah says the contrast defines Malaysia's dilemma.
00:26A long-term deal with Russia promises energy security but faces real risks from the Ukraine
00:33war.
00:34He agrees that fixed contracts could shield Malaysia from volatile prices, support investment
00:40planning and make affordable fuel available in the country.
00:44But the threat of strikes on Russia's refineries and depots threatens supply.
00:49Sanctions, insurance restrictions and shipping bottlenecks could compound the problem, creating
00:55additional hurdles that both Russia and Malaysia must overcome.
01:00Farah says the government should not abandon its engagement with Russia.
01:04Instead, it must negotiate pragmatic contractual terms, force majeure clauses, price review mechanisms
01:12and clear exit provisions when faced with prolonged disruption.
01:16Farah also urges diversification, combining Russian supplies with LNG, spot purchases and contracts
01:23from other producers, while strengthening domestic resilience through reserves, renewables and
01:29efficiency.
01:31He says Malaysia must work with ASEAN partners on contingency planning, stockpiling and coordinated
01:37procurement to further reduce its vulnerability to external shocks.
01:42For the full opinion piece, read Shadow Hangs Over Energy Deal with Russia by Farah Kim Beng on FMT.
01:49Pourquoi ?
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