Tengku Muhammad Taufik

Tengku Muhammad Taufik is the President and Group Chief Executive Officer of Petroliam Nasional Berhad (PETRONAS). He holds a Bachelor of Arts (Honours) Degree in Finance & Accounting from the Strathclyde University, Glasgow, Scotland. He is a Fellow of the Institute of Chartered Accountants in England and Wales (ICAEW), and a Member of the Malaysian Institute of Accountants (MIA). His areas of expertise include developing and steering key business strategies, organisational transformation, and financial and risk management. He has vast experience in strategic planning, finance, and business strategy development with a focus on the oil and gas and energy industry. He continues to advocate a just and responsible energy transition by promoting regional partnerships across multiple stakeholder groups in policy-shaping, innovation, and technology. Tengku Muhammad Taufik was appointed President and Group CEO of PETRONAS in July 2020, responsible for the formulation, direction and steering of key strategies of the Fortune Global 500 organisation. He currently holds Board positions in PETRONAS Carigali Sdn Bhd and PETRONAS International Corporation Ltd. He is also the Chairman of the Gentari Board of Directors and the National Trust Fund and the Malaysia-United Arab Emirates Business Council (MUBC). He is also a Council Member of the Northern Corridor Implementation Authority (NCIA), a member of the Malaysia-Thailand Joint Authority (MTJA) and the Merdeka Award Board of Trustees. Tengku Muhammad Taufik is a member of the World Economic Forum (WEF) Oil & Gas Governors Community, and Co-Chairman of the WEF ASEAN Leaders for Just Energy Transition Community. He is also the Pro-Chancellor of Universiti Teknologi PETRONAS (UTP). In 2023, he was conferred the Darjah Kebesaran Panglima Setia Mahkota (P.S.M.) which carries the title "Tan Sri," in recognition of his services to Malaysia.

Session Overview

Monday, 3 November

15:45

Global strategy ICC Hall A 15:45 - 16:30

Energy security: balancing risk, resilience and returns

Achieving the dual goals of energy security and decarbonisation requires unprecedented levels of capital - and smarter deployment of it. As governments scale industrial policies, and markets reward resilience and sustainability, the energy sector must mobilise investment at speed and scale. From clean tech and carbon capture to natural gas and LNG, critical minerals and hydrogen infrastructure, where will the money flow next?

How can energy leaders balance diverging short- and long-term priorities - each with distinct investment requirements and return profiles - while driving a coherent transformation agenda?

As AI and emerging technologies disrupt traditional value chains, they are not only reshaping business models but also driving significant increases in energy demand and competing for resources.

This session brings together financial institutions, sovereign funds, and energy leaders to explore how capital is being unlocked, de-risked, and reallocated to power the next phase of global growth.

Attendee insights:

Understand how policymakers and leading executives are balancing new business strategies with long-term goals of resilience, affordability, and energy security.

Thursday, 6 November

All Sessions

13:00

Strategic Conference ICC Hall 13:00 - 14:00

View Session

Meeting escalating global energy demand whilst transitioning to a low carbon energy system

The IEA projects global demand for oil and gas is set to peak by 2030, with all major climate scenarios concluding that the 2050 energy mix will include oil and gas, albeit in smaller volumes than today. As the world continues to rely on energy for economic growth and technological advancement, oil and gas will have an important role to play in providing a stable and affordable energy supply. However, the industry is navigating multi-faceted challenges around delivering the required energy supply, meeting the expected returns of their public and private shareholders, and achieving decarbonisation and climate ambitions. How can oil and gas companies balance these different requirements? How are they working across the different value chains to help manage the demand? How are they future proofing their business model and operations through their investments?

Attendee insights:

Global CEOs will share insights into how they are balancing business priorities whilst meeting the rapidly increasing energy demand and the realities of climate change.