Sarawak, a Malaysian state, is asserting its authority over natural gas assets, challenging the dominance of state-owned oil giant Petronas.
Sarawak , the biggest state in oil and gas producer Malaysia , is set to take control of its natural gas assets as the state on the Borneo island is now looking for more autonomy from the federal government . The state of Sarawak has long sought more royalties from the government of Malaysia and the government-controlled oil giant Petronas .
, the oil firm of the Sarawak state, signed last week its first gas sale agreements, Bloomberg reported on Wednesday. is now beginning to take over control of Sarawak’s natural gas distribution network, which is currently in the hands of Petronas. For its part, Petronas seeks more time in the takeover of control and wants to first discuss and agree on gas supply deals with Sarawak as it operates large LNG plants in the state. “We said we respect their concern because we have equity in the LNG plants,” Abang Johari Openg, Sarawak Premier, was cited as saying by the News Straits Times newspaper earlier this week.
Malaysia Petronas Natural Gas Gas Distribution Autonomy Federal Government Oil And Gas PETROS Abang Johari Openg
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