By Henry Tiong
BINTULU, July 22, 2024 - State-owned oil and gas company Petroleum Sarawak Berhad (Petros) has recently signed Gas Sales Agreements (GSAs) with Sarawak Petchem Sdn Bhd (Sarawak Petchem) and Sarawak Energy Berhad (SEB) to commence its role as the sole gas aggregator to buy and sell all natural gas in Sarawak.
The exchange of documents between Petros and the two state-owned companies was held today at the launch of the RM7 billion Sarawak Methanol Complex, witnessed by Premier Datuk Patinggi Abang Johari Openg.
The first two GSAs signing signifying the implementation of the amendment to the state’s Distribution of Gas Ordinance, 2016 (DGO 2016), appointing Petros as the sole gas aggregator in Sarawak.
The two GSAs will enable Sarawak Petchem to have access to gas for its methanol plant and SEB for its gas-fired power generation in Bintulu.
As a gas aggregator, Petros will ensure that gas allocation for export and for local value-add is determined strategically and fairly.
The continued growth of Sarawak’s economy requires availability of natural gas as fuel for power generation, commercial industries and industrial feedstock.
It is envisaged that 30 per cent of the gas should be allocated for domestic needs by 2030 in line with the Post-Covid-19 Development Strategy 2030 (PCDS 2030).
Petros group chief executive officer Datuk Janin Girie said the signing of the two GSAs is a historical milestone in the implementation of the DGO to ensure sufficient natural gas is available to the people and for the industrial development of Sarawak.
“We appreciate the trust placed upon us by the Sarawak government and the Ministry of Utility and Telecommunications to secure domestic natural gas resources for the short, medium and long-term needs.”
He also emphasised that Petros is entrusted to invest in the development, expansion, management and maintenance of critical gas and energy infrastructure statewide.
“Presently, it is progressing the development of four Gas Hubs in Kuching, Miri, Samalaju and Bintulu under the Sarawak Gas Roadmap (SGR).
“These hubs, serving as central points for gas distribution through the “Hub-and-Spoke” delivery model, will enhance access to affordable gas and create industrial investment opportunities.
“This includes the new gas trunkline that Petros is executing to deliver gas from Kidurong to the Samalaju Industrial Park.
“To support Sarawak’s aspiration to become a high-income developed state by 2030, Petros continues its efforts to deliver real impacts through its strategic role as the gas aggregator.
“Our ongoing implementation of SGR and the development of Carbon Capture, Utilisation and Storage (CCUS) infrastructure will be the engine of growth, uplifting and transforming Sarawak into an economic powerhouse for the nation and the region.
“These new infrastructure and value-adding gas-based projects are expected to collectively create over 100,000 high-quality jobs across the state for anak-anak Sarawak,”Janin stressed.
He added that in the coming months, Petros is looking forward to signing all other Gas Sales and Purchase Agreements with upstream gas sellers and downstream gas buyers.
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