KUCHING, — 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 today.
The Sarawak minister of utilities and telecommunication told the state legislative assembly that the transition will take six months, starting from July 1 and ending on January 1, 2025.
“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 said Petronas has carried out natural gas buying and selling activities through agreements with upstream gas producers and downstream gas buyers all this while.