Petros takeover of gas sales from Petronas to take six months from July, Sarawak Assembly told

Petroleum Sarawak Berhad News

Petros takeover of gas sales from Petronas to take six months from July, Sarawak Assembly told
PetrosPetroliam Nasional BerhadPetronas
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KUCHING, May 13 — Petroleum Sarawak Berhad (Petros) will be taking over the buying and selling of natural gas produced in the state from Petroliam Nasional Berhad (Petronas),...

Datuk Seri Julaihi Narawi said Petronas has carried out natural gas buying and selling activities through agreements with upstream gas producers and downstream gas buyers all this while. — Picture by Firdaus LatifKUCHING, May 13 — Petroleum Sarawak Berhad will be taking over the buying and selling of natural gas produced in the state from Petroliam Nasional Berhad , Datuk Seri Julaihi Narawi said today.

“Previously, Petronas has purchased natural gas from all upstream gas producers through Upstream Gas Supply Agreements and sold the gas through contractual agreements to users in Sarawak such as LNG plants in Bintulu and Sarawak Energy for energy generation,” he said when winding up the debate in the Sarawak Legislative Assembly.

He added that the state government decided that there was a need for Sarawak to have its own gas aggregator. Julaihi said with the appointment of Petros as the sole gas aggregator, Petronas will have to stop its buying and selling of natural gas activities in Sarawak and surrender its natural gas distribution system and network to Petros.

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