Petronas, Petros sign deal to supply more natural gas to Sarawak
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros) have signed a Memorandum of Understanding (MoU) on a staggered increase of natural gas supply for the implementation of projects under the Sarawak Gas Roadmap.
Petronas chairman Tan Sri Mohd Bakke Salleh said the staggered increase envisaged under the MoU would ultimately bring the total domestic gas allocation to 1.2 billion standard cubic feet per day.
“This would not only support the state’s aspirations to attract investments from new, higher value-adding industries into Sarawak but would also provide the necessary impetus for further upstream exploration that would strengthen the state’s hydrocarbon resource base,” he said in a statement.
Petronas currently has existing agreements to supply natural gas to the power and non-power sectors in Sarawak.
It is actively encouraging sustained upstream investments in exploring more gas resources and further developing discovered gas resources, particularly in the state.