Latest news with #PetroleumSarawakBhd
The Star
3 days ago
- Business
- The Star
Coping with Bintulu's rising energy demand towards industrial growth
KUCHING: Bintulu's power generation capacity will be tripled to 1.5 gigawatts (GW) from the existing 500 megawatts (MW) to cope with the rising energy demand in its rapid industrial development. A new 500MW gas-powered plant is currently in construction under Sarawak Gas Roadmap to double the power generating capacity, according to Sarawak Premier Tan Sri Abang Johari Tun Openg. He said another upcoming 500MW project would bring Bintulu's total power generation capacity to 1.5GW. However, he had not provided a time-line for the implementation of this second project when launching the RM466mil iconic Bintulu-Jepak Bridge, stretching 1.2km across Batang Kemena. The Premier later renamed the bridge as Tun Taib Mahmud Bridge. The 500MW gas power plant will be managed by Petroleum Sarawak Bhd (Petros). Abang Johari also announced the construction of a new dual-carriage road to link the bridge to Bintulu Airport, opening the way for urban expansion, including modern residential and commercial zones. Bintulu was a small and under-populated fishing village 50 years ago. The town has dramatically transformed with the discovery of offshore gas resources. This led to the development of MLNG Satu liquefaction terminal by Petroliam Nasional Bhd which commenced operations in 1983. MLNG now has nine production trains with capacity of 30 million tonnes per annum. Bintulu's industrial development took a major leap with the launch of Sarawak Corridor for Renewable Energy (Score) in 2008, and the set up of the Samalaju Industrial Park for energy-intensive industries powered by hydro power. The park has attracted large investments in aluminium and ferroalloys smelting plants and other industries. Two weeks ago, Abang Johari performed the ground breaking ceremony for the RM2bil investment by OCI Tokuyama Semiconductor Materials Sdn Bhd in a manufacturing plant to produce high-purity semiconductor-grade polysilicon for export. In January, state-owned Sarawak Petchem Sdn Bhd marked a milestone by starting the export of methanol to China from its plant in Bintulu. Besides, a Sarawak Petrochemical Hub and Sarawak New Energy Hub are under development in Bintulu where manufacturing plants under Projects H2biscus and H2ornbill to produce hydrogen derivatives, and hydrogen are in the pipeline. While on his working trip to Bintulu, Abang Johari also launched Petros's first piped gas project for the industrial town to residential homes in the Sungai Plan housing area. The pilot phase involves the construction of a dedicated reticulation system, which includes a newly built city gate station, over 3km long distribution pipeline and internal piping for the initial 39 connected households. Petros targets to extend the piped gas coverage to 3,500 houses by end-2027. Before Bintulu, Miri is the only town in Sarawak to get piped gas. Under the Sarawak Gas Roadmap, state-owned Petros said Bintulu has been designated as one of the four strategic gas hubs, alongside Miri, Samalaju and Kuching. These hubs form part of a statewide 'hub-and-spoke' model that aims to deliver consistent and reliable gas supply to both urban and hinterland areas across Sarawak. According to Petros, which is Sarawak' sole gas aggregator, investments in supporting infrastructure for the gas hubs are well underway. In Bintulu, Petros said it is constructing the 65km-long Samalaju Pipeline to supply natural has to industries in Samalaju Industrial Park. 'Petros is also progressing works on the gas to Bintulu Trunkline project, extending gas pipeline from the Kidurong Industrial Area to Jepak and Samalaju Industrial Park Ringmain, which will further enhance intra-zone gas distribution. 'For areas not yet connected to the pipelines, Petros has implemented a Virtual Pipeline System (VPS) using modular transport to deliver natural gas via road and sea.' In Kuching, Petros said the first customer is expected to receive natural gas supply via the VPS by December this year, with a broader rollout planned for 2026. 'These efforts aim to raise Sarawak's domestic gas utilisation from 6% to at least 30% by 2030 in alignment with the Sarawak government's energy transition agenda,' it added. Abang Johari also announced plans to implement the Autonomous Rail Transit (ART) System to connect Bintulu, Kidurong and Samalaju to enhance mobility. The ART system is currently in advanced development in Samarahan-Kuching Divisions under Kuching Urban Transportation System. Under Phase 1 (Blue Line), ART is expected to commence operations in stages from the fourth quarter of 2026.
Borneo Post
16-07-2025
- Business
- Borneo Post
Sarawak must move beyond upstream O&G, says Petros VP
Joseph says Sarawak's shallow industrial base limits the state's economic resilience because it relies heavily on primary sector activities. – Bernama photo KUCHING (July 16): Sarawak has yet to tap its full potential in the oil and gas sector as the focus remains largely on upstream activities, said Petroleum Sarawak Bhd (Petros) Senior Vice President of Growth, Datuk Joseph Podtung. He said Sarawak's shallow industrial base limits the state's economic resilience because it relies heavily on primary sector activities. 'Extract, export, repeat. That's the cycle. No strong mid or downstream development, no supporting service ecosystem, and no multiplier effect. 'If we keep exporting, we miss out on far greater opportunities. Developing domestic industries will create value chains, jobs and innovations. That is how we build long-term resilience. 'This is not about choosing between LNG and domestic use. It's about unlocking more. More for Sarawak's own use. More retained value. More future-proofing. 'It benefits not just Sarawak, but Malaysia as a whole. We are shifting from a volume mindset to a value mindset,' he said during the plenary session titled Sarawak Gas Roadmap: Unlocking the Potential of Natural Gas for a Sustainable Future at International Energy Week 2025 held here on Tuesday. Joseph added that natural gas is the key for Petros to move downstream, develop hydrogen, and power new industries across Sarawak. He outlined four regional hubs as part of the Sarawak Gas Roadmap, each with its own role in expanding the state's energy ecosystem. In Miri, onshore gas drilling resumes after 30 years, alongside a 500-megawatt power plant due by 2027. In Samalaju, the Bintulu-Samalaju pipeline, set to complete this year, will power heavy industries. Bintulu is advancing downstream with a methanol plant already running. However, in Kuching, he highlighted that despite being the capital of an energy-rich state, it has no pipelines and still depends on imported liquified petroleum gas and fossil diesel. 'Without action now, Kuching risks being left behind in the shift to a low-carbon economy. But Kuching has what matters, access to clean power, liveability that attracts talent, and proximity to 30 per cent of global maritime trade,' he said. Joseph said Kuching's low-carbon development will take place in three waves. The first wave will see the LNG-to-power project begin. LNG will be delivered via a floating storage and regasification unit and a subsea pipeline, supplying gas to a new combined cycle power plant. This will provide reliable, low-carbon electricity for Kuching and the wider Borneo region. The second wave builds on this foundation by developing a low-carbon industrial park to attract high-value industries. These include low-carbon petrochemicals, hydrogen clusters and digital sectors. 'And the final phase will transform Kuching's low-carbon hub into a global destination for investment, focusing on high-value added downstream products, such as low-carbon hydrogen for steel manufacturing, and low-carbon ammonia for fertilisers and other specialty chemicals,' he said. He also revealed that a global master planner will be appointed to develop the master plan for the Kuching Low-Carbon Hub and Deep Sea Port. Petros has previously secured two anchor partners, China Jiangsu International and Sumitomo Corporation to provide capital, capabilities and global investor networks to develop the Kuching Low-Carbon Industrial Hub. 'By anchoring demand in Kuching, it opens the need to further develop offshore resources. We have a demand-led pathway to unlock the untapped reserves of Western Sarawak, both natural gas and the CCS development,' he said. At its full scale, the SGR is expected to attract RM300 billion in investments and generate RM120 billion in annual output, which he said is close to what the Johor-Singapore Special Economic Zone is projected to produce at RM125 billion. downstream oil and gas Petros Sarawak
New Straits Times
28-05-2025
- Business
- New Straits Times
Petros to award offshore CCUS contracts by Q2
KUCHING: Petroleum Sarawak Bhd (Petros) plans to award contracts to the successful bidders of three offshore sites for carbon capture, utilisation and storage (CCUS) by the second quarter of this year. Deputy Premier Datuk Amar Awang Tengah Ali Hasan said Petros is currently finalising the agreements with the successful bidders for the offshore storage sites. "Petros, as the appointed resource manager, launched the Sarawak Bid Round 2024, offering three offshore storage sites with significant geological potential," Awang Tengah, who is also the state international trade, industry and investment minister, said in his winding-up speech in the State Legislative Assembly here today. He said Petros, together with investors, has committed over RM100 million to assess Sarawak's carbon storage potential and build a comprehensive database. "These efforts will create a globally competitive carbon storage portfolio, fortifying Sarawak's expertise, investment appeal and sustainable low-carbon economic growth," he said. He said Sarawak is poised to lead regional CCUS efforts, leveraging over 65 per cent of Malaysia's geological carbon storage potential. He said Sarawak is at the forefront of national and regional decarbonisation efforts, driving sustainable solutions and enhancing its pivotal role in the global low-carbon economy. Awang Tengah also said that Petros has expanded its upstream operations with 21 production sharing contracts, including 12 exploration projects and equity in five producing fields, achieving 100,000 barrels of oil equivalent per day. "The SK433 Adong Kecil West site in Miri will produce its first onshore oil next year," he said. Awang Tengah said the state oil company has committed RM8.5 billion in capital expenditure over the next three years for infrastructure development and resource commercialisation. He said that by 2030, the Sarawak Gas Roadmap (SGR) is expected to attract RM60 billion in investments and contribute significantly to Sarawak's economy. He said the initiatives reinforce Sarawak's leadership in sustainable energy, driving economic growth while advancing global decarbonisation efforts.
Borneo Post
04-05-2025
- Politics
- Borneo Post
Anwar urges postponement of actions or statements on Petronas-Petros issue
Datuk Seri Anwar Ibrahim KUALA LUMPUR (May 4): Prime Minister Datuk Seri Anwar Ibrahim today urged all parties to postpone any actions or statements regarding the issue of Petroliam Nasional Bhd (Petronas) and Petroleum Sarawak Bhd (Petros), in the interest of mutual understanding. Anwar said the Federal Government and the Sarawak State Government will hold further discussions to finalise the Petronas-Petros arrangement upon the return of Sarawak Premier Tan Sri Abang Johari Tun Openg from his official visit to London, United Kingdom. 'I had the opportunity to speak with the Sarawak Premier yesterday regarding the Petronas-Petros matter, based on the principles that were previously agreed upon. 'I strongly believe that this issue can be resolved wisely by staying committed to a path of healthy and meaningful dialogue, God willing,' he said in a post on his official Facebook account today. – Bernama anwar ibrahim lead oil and gas rights Petronas Petros Sarawak rights
The Star
04-05-2025
- Politics
- The Star
Anwar urges postponement of actions or statements on the PETRONAS-Petros issue
KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim today urged all parties to postpone any actions or statements regarding the issue of Petroliam Nasional Bhd (PETRONAS) and Petroleum Sarawak Bhd (Petros), in the interest of mutual understanding. Anwar said the Federal Government and the Sarawak State Government would hold further discussions to finalise the PETRONAS-Petros arrangement upon Sarawak Premier Tan Sri Abang Johari Tun Openg's return from his official visit to London, United Kingdom. ALSO READ: PETRONAS acknowledges Sarawak's April 30 notices on gas activities "I had the opportunity to speak with the Sarawak Premier yesterday (May 3) regarding the Petronas-Petros matter, based on the previously agreed upon principles. "I strongly believe that this issue can be resolved wisely by staying committed to a path of healthy and meaningful dialogue," he said in a post on his official Facebook account on Sunday (May 4). – Bernama
