Petros will not displace or undermine Petronas, says Abang Johari
The Sarawak premier says the state government will continue to cooperate with Petronas as it increases its capacity to process Sarawak’s resources.
Sarawak Premier Abang Johari Openg has assured the public that the expansion of the state-owned oil company Petros in Sarawak's gas sector is not intended to displace Petronas. He emphasized the government's ongoing commitment to collaborating with Petronas while enhancing its capacity to process Sarawak's resources and constructing the first liquefied natural gas (LNG) regasification facility by 2029.
According to Dayak Daily, Abang Johari clarified that rumors circulating about Petros aiming to undermine Petronas are unfounded, stating that the two entities share opportunities. The development of the Kuching LNG terminal is a result of a joint venture between Petros and Norwegian energy infrastructure company Höegh Evi, an agreement finalized last Thursday.
Additionally, Sarawak is exploring the establishment of small-scale LNG plants utilizing local feedstock, with regasification serving as a means to convert LNG back into gas for downstream applications. This strategy aims to capitalize on higher-value products and lessen the region's dependence on volatile gas prices. Moreover, the state is investing in carbon capture, utilization, and storage initiatives near Mukah-Balingian as part of its comprehensive energy strategy.
Written by urgent.news from Free Malaysia Today's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
Also reported by 2 other outlets
- Petros will not displace or undermine Petronas, says Abang Johari freemalaysiatoday.com
- Abang Johari: The time will come for me to step down nst.com.my
