Abdullah said national and multinational oil companies should work towards securing energy resources in an "effective and sustainable way" to meet rising demand, especially in Asia.

"The issue of energy security continues to be a highly-charged concern," Abdullah told more than 1,200 delegates at the opening of the two-day Asia Oil and Gas Conference here.

"For instance, much of Asia's oil and gas supply will continue to flow from politically volatile areas such as West Asia (the Middle East)," he said.

"How the various political issues and conflicts in the region play out will have a significant impact on energy security."

West Asia or the Middle East accounts for two thirds of the world's oil and gas reserves and almost all of the world's excess capacity but political uncertainties in the area are threatening energy security, Abdullah said.

National and multinational oil companies should forge partnerships to secure energy supplies and quell fears over increasing consumption and declining reserves, he said.

Oil companies are already expected to pump in 300 billion dollars of investment annually in key infrastructure up to 2030, a sum he said required greater collaboration to protect interests.

"Energy security lies in a shared recognition of our energy interdependence," Abdullah said.

"This state of interdependence should be based on multilateral cooperation of producers and consumers, as well as governments and businesses," he said.

Abdullah noted that Asia's robust economic growth, with China and India leading the way, would continue to see a rise in the region's energy needs and said demand will grow 3.7 percent annually.