Latest news with #PetroliamNasionalBerhad
The Star
12-07-2025
- Business
- The Star
Kenyir's clean energy projects will boost investments in Terengganu, says Anwar
KUALA BERANG: The newly launched Hybrid Hydro Floating Solar (HHFS) and Green Hydrogen Hub projects in Terengganu have the potential to attract regional and international investors, says Datuk Seri Anwar Ibrahim. The Prime Minister said the new alternative energy initiative, a clean and green collaboration between Petroliam Nasional Berhad (PETRONAS) and Tenaga Nasional Berhad (TNB), is aligned with both Malaysia's energy policy and international aspirations for green energy. "Kenyir is now becoming a focal point of interest for international investors. This is not just a boost for Terengganu, but Kenyir itself will become a major attraction. The project has also been implemented efficiently and swiftly,' he said at the launch ceremony of the ventures at the Sultan Mahmud Power Station in Kenyir on Saturday (July 12). Also present were Deputy Energy Transition and Water Transformation Minister Akmal Nasrullah Mohd Nasir; Terengganu Mentri Besar Datuk Seri Dr Ahmad Samsuri Mokhtar; TNB Chairman Tan Sri Abdul Razak Abdul Majid and PETRONAS Chairman Tan Sri Mohd Bakke Salleh. The HHFS and Green Hydrogen Hub aim to position Malaysia as a regional leader in the green hydrogen value chain, while supporting the National Energy Transition Roadmap (NETR) and the Hydrogen Economy and Technology Roadmap (HETR). The Green Hydrogen Hub is a strategic collaboration between Petronas and TNB while the HHFS project is a joint venture between TNB's power generation subsidiary, TNB Genco Sdn Bhd and Terengganu Inc, a state-owned company. The pilot HHFS project at the Kenyir Dam has a capacity of 100 kilowatts (kW) and spans 1,085 square metres with 220 solar panels. This demonstrates that Tasik Kenyir, which covers an area of 36,900 hectares, holds vast potential for floating solar development, with up to 10 per cent of the lake's surface suitable for generating an estimated 2,200 MW without disrupting the lake's ecology. The Prime Minister also said the project is linked to the Asean Power Grid, a major regional initiative that will begin with an undersea cable project connecting Vietnam to Kota Bharu, Kelantan, before extending to Peninsular Malaysia's grid and eventually to Singapore. "This means that from Vietnam, an undersea cable project will reach Kelantan, necessitating the construction of a new grid. The existing grid is considered insufficient in capacity. The new grid will start from Kelantan, then pass through Terengganu, and I believe it must be connected to the capabilities and infrastructure here in Kuala Berang and Kenyir, extending through Pahang, parts of Selangor, Johor and into Singapore," he said. As such, Anwar stressed that the HHFS and Green Hydrogen Hub projects are crucial, and all relevant parties must work together to expedite their implementation. In addition, the Prime Minister called on PETRONAS and TNB to explore ways to provide Technical and Vocational Education and Training (TVET), including upskilling programmes, specifically for local youths in Kuala Berang, Hulu Terengganu. He said the relevant ministries, such as the Education Ministry, the Higher Education Ministry, and the Human Resources Ministry, along with the Terengganu government, PETRONAS and TNB, should initiate specialised training programmes for local youths. "I want to ensure that youths from Kuala Berang are given training opportunities, so that the people here won't say that while a major project is located here, their children are only able to open small restaurants or work as cleaners. "It would be better to plan the training properly so there is a dedicated facility for the youths of Kuala Berang and Terengganu to undergo specialised training. I hope this can be expedited," he said. - Bernama
Borneo Post
11-07-2025
- Business
- Borneo Post
Petronas' Gawai initiative aligns with PCDS 2030 goals, says Sagah
Sagah presents a goodie bag to a wheelchair-bound recipient while Norazibah (right) looks on. – Photo by Galileo Petingi SERIAN (July 11): Initiatives by Petroliam Nasional Berhad (Petronas) through its social impact arm Yayasan Petronas are exemplary in fostering a more inclusive, sustainable, and harmonious society, said Sarawak Education, Innovation and Talent Development Minister, Dato Sri Roland Sagah Wee Inn. He said social inclusion is a core component of Sarawak's Post-Covid Development Strategy (PCDS) 2030, which aims to ensure economic benefits reach all levels of society, particularly the B40 group and rural communities. 'The 'Petronas Memacu Kehidupan Gawai 2025' programme today aligns with the objectives of PCDS 2030. 'Organised in partnership between Petronas and the Welfare Department (JKM) Serian Division, the programme reached out to 150 recipients through the distribution of essential food baskets in the Serian district. 'These contributions not only alleviated the burden during the festive season but also brought joy to families celebrating Gawai Dayak,' he said when officiating the programme at Kampung Tarat Melawi here today. Each food basket contained cooking oil, glutinous rice, canned goods, condiments, and locally-produced coffee. Petronas Sarawak general manager Norazibah Md Rabu handed over the festive contributions to Serian Division Social Welfare officer Robert Jullong Bengat during the programme. In her speech, Norazibah said the initiative reaffirms Yayasan Petronas' commitment to uplifting marginalised communities. She said the programme was part of Petronas' Community Well-being and Development initiative, aimed at spreading festive joy. 'We believe that everyone deserves happiness, especially when celebrating meaningful occasions such as Gawai,' she said. A total of 750 families across Sarawak have been selected to receive the contributions this Gawai, including 400 households in Miri and Bintulu, she noted. 'It is our hope that these contributions not only lessen the burden of those in need but also kindle the festive spirit of Gawai – filled with gratitude, love and joy,' she said. Gawai pcds 2030 Petronas Roland Sagah Serian social welfare
The Star
06-07-2025
- Business
- The Star
PETRONAS PUSHES FORWARD ON CCS
KUALA LUMPUR: Malaysia's national oil and gas company Petroliam Nasional Berhad (PETRONAS) is progressing steadily with plans to begin carbon capture and storage (CCS) operations by end of 2029, targeting an initial storage capacity of 15 million tonnes of CO2 per annum. The effort represents one of four key pillars in PETRONAS' decarbonisation strategy, supporting its long-term goal of achieving net zero carbon emissions by 2050. Apart from ensuring energy security for the nation, through the development of CCS infrastructure, the company aims to decarbonise its own operations while helping to build Malaysia's capability to offer storage solutions for industrial emitters across the region. Speaking during a CCS media dialogue held on June 17 at the Kuala Lumpur Convention Centre in conjunction with Energy Asia 2025, Emry Hisham Yusoff, head of PETRONAS' carbon management division, said the company is establishing a network of offshore storage sites and related infrastructure such as pipelines, port terminals and CO2 transport vessels to serve both domestic needs and potential cross-border demand from Japan, South Korea and Singapore. Reducing emissions through CCS 'Carbon capture and storage is one of the key pillars in PETRONAS' broader decarbonisation efforts,' Emry said. 'We've leveraged our offshore capabilities, including seismic data analysis and well drilling, to repurpose depleted oil and gas fields for permanent CO2 storage.' He explained that CCS wells differ from traditional production wells in purpose and design. 'Unlike wells drilled to extract hydrocarbons, CCS wells are designed to inject CO2 deep underground and ensure it stays sealed,' he added. PETRONAS' flagship Kasawari CCS project off the coast of Sarawak has commenced gas production and is progressing through the carbon capture phase. However, CO2 injection operations have yet to begin. While Kasawari plays an important role in developing technical expertise, the broader focus is shifting towards infrastructure development in Peninsular Malaysia, especially near industrial zones such as the Malaysia-China Kuantan Industrial Park. Other prospective sites under assessment include the Lawit gas field off Terengganu, and the Duyong gas field and Penyu basin near the Pahang coast. PETRONAS carbon capture and storage head Nor A'in Md Salleh shared that five to seven CCS sites across Malaysia are in varying stages of evaluation. 'The total assessed storage capacity currently stands at around 2.4 billion tonnes,' she said, noting that future assessments may increase that figure as more geological data becomes available. Growth potential PETRONAS sees CCS as a new service line within its broader portfolio, offering decarbonisation solutions for regional industrial emitters. 'Our infrastructure is designed to support industries in Malaysia and neighbouring countries that have declared ambitious net-zero targets,' Emry said. He explained that PETRONAS is actively engaging with emitters in Singapore and South Korea, while also exploring collaboration opportunities with Japan, which aims to capture between 120 and 240 tonnes of CO2 annually by 2050 as part of its decarbonisation efforts. 'With the right infrastructure in place, Malaysia could attract industries producing low-carbon products such as blue ammonia and blue hydrogen, both of which rely on CCS to manage their carbon footprints,' Emry added. 'This is not just about PETRONAS. It is about building a broader ecosystem that enables real climate action, both locally and regionally,' he said. In line with this, PETRONAS is partnering with Mitsui OSK Lines and MISC Berhad to develop what could become the world's first large-scale liquefied CO2 transport vessel, enabling cross-border shipment of captured carbon. Current vessel sizes remain limited, and this development is seen as critical to scale-up. The company has completed front-end engineering design for the vessel, and subsequent development phases are expected to proceed smoothly. Meanwhile, the company's strategy, planning and commercial, carbon management head Faizah Ramlee said the Japanese government has selected Malaysia as a storage destination for captured CO2 emissions from Japan, reflecting an ongoing collaboration between Malaysia, Japan and other partners. 'Our partners are also on board to secure customers that we'll be servicing with carbon capture and storage solutions, and we are also working closely with our LNG marketers to support their customers who are looking for carbon capture solutions.' Addressing high costs and market readiness While interest in CCS is growing, Emry acknowledged that economic viability remains a significant challenge, especially at the capture stage. 'The capture process is expensive, and industries may find it hard to absorb these costs without regulatory incentives or clear market signals,' he said. 'Unless there's a price differential or regulatory push, widespread adoption will remain limited.' To overcome these barriers, PETRONAS is working on cost optimisation through fit-for-purpose and standardised infrastructure, as well as economies of scale. Although it will not be directly implementing capture technology for industrial users, the company plans to provide technical guidance and best practices. Emry said PETRONAS aims to support industrial emitters by sharing insights on efficient capture technologies and emphasised the importance of aligning capture efforts with storage readiness timelines. 'The start of our CCS operations depends heavily on the readiness of industrial partners to align their capture efforts with our storage infrastructure rollout.' Regulatory landscape and safety Malaysia's legal framework for CCS is evolving. Emry noted that while the Petroleum Development Act 1974 currently governs storage in depleted fields, additional regulations are needed to address CO2 capture from non-oil and gas sources and cross-border transport. He added that the recent passage of a Carbon Capture, Utilisation and Storage (CCUS) Bill 2025 by Parliament, pending gazettement, will help formalise oversight and establish a dedicated authority to regulate the CCS industry in Malaysia. Preparing for all eventualities Environmental safety is central to PETRONAS' CCS strategy. The company has drawn lessons from pioneering CCS projects in Norway, such as Sleipner and Northern Lights, to inform its approach to risk mitigation. 'We have used insights from these projects to guide our environmental impact assessment,' Nor A'in said. PETRONAS evaluates four main criteria when selecting sites: the presence of impermeable cap rocks, injectivity, reservoir safety and minimum storage depth. 'We've set a minimum depth of 1,000 metres for all sites. Even in the unlikely event of a small leak, the impact would be negligible at that depth,' she explained. Building for a low-carbon future While energy supply remains PETRONAS' core business, CCS is being developed as a commercially viable solution to support industries, particularly in hard-to-abate sectors. 'CCS is one of the essential tools for industrial decarbonisation and a sustainable energy future in the region,' Emry said. He added that broader adoption depends on ecosystem readiness, including industrial emitters, supportive regulations, and shared infrastructure, and that Malaysia's geological advantages combined with PETRONAS' offshore expertise provide a solid foundation for progress.
Borneo Post
22-06-2025
- Business
- Borneo Post
Petronas distributes 440 food baskets to rural families in Bintulu for Gawai
Thadeus (centre) presents a basket of essential goods to a beneficiary, as Shalby (fourth left) and others look on. BINTULU (June 22): As part of its commitment to community welfare, Petroliam Nasional Berhad (Petronas) is distributing 440 food aid baskets to selected families in the interior areas of Sebauh, Tinjar and Baram, in conjunction with this year's Gawai celebration. Sebauh District officer Thadeus Ling Bartholomew Allu emphasised that the initiative reflects more than just the act of giving — it represents a strategic partnership between the private sector and government agencies to strengthen the region's social support. 'This effort goes beyond physical assistance. It brings hope and assurance to our rural communities that they are not forgotten and remain a key focus of our development efforts,' he said at the 'Segulai Sejalai Memacu Kehidupan Gawai' programme held at Rumah Nikolie Nelly, Sungai Serakit, along the Bintulu-Sebauh road yesterday. The aid is expected to benefit over 400 families across the three districts — a meaningful undertaking that exemplifies shared responsibility and one that should be emulated. Describing Sebauh as a district rich in culture, strong family values, and a deep spirit of mutual support, Thadeus emphasised that the presence of a major corporation like Petronas is seen not just as an investor, but as a genuine development partner. 'At the local government level, we deeply value this kind of commitment to community-building,' he added. Thadeus also expressed confidence that such efforts would pave the way for longer-term initiatives, particularly in education, health, and economic opportunities that would benefit future generations. Earlier, Petronas Sarawak senior general manager Shalby Reduan reaffirmed the company's commitment to community empowerment, encompassing education, well-being, socio-economic development, and environmental stewardship. 'Through our social impact programmes under such initiative, we strive to ensure that every form of assistance provided creates lasting and meaningful impact.' He added that this Gawai season, the programme continues as an annual initiative dedicated to community well-being, aimed at alleviating the burden of those in need and sharing the joy of the festive season. Bintulu Gawai lead Petronas welfare aid
Borneo Post
07-06-2025
- Business
- Borneo Post
DPM Fadillah: Petronas job cuts unrelated to Petros appointment as sole gas aggregator
Fadillah (second right) interacting with guests while presenting a gift of 'daging korban' (sacrificial meat) during the Majlis Ibadah Korban at Masjid Darul Husni Warrahmah in Kuching. – Photo by Chimon Upon KUCHING (June 7): Petroliam Nasional Berhad's (Petronas) decision to cut over 5,000 jobs, along with a freeze on all promotions and recruitment until December 2026, is unrelated to the recent recognition of Petroleum Sarawak Berhad (Petros) as Sarawak's sole gas aggregator. Deputy Prime Minister Datuk Seri Fadillah Yusof clarified this when met by reporters at the Majlis Ibadah Korban held at Masjid Darul Husni Warrahmah here today. 'No, it has nothing to do with that. It is actually due to the global situation, particularly the decline and fluctuation in oil prices,' he said. Petronas had earlier stated that its internal budgeting was based on Brent crude prices averaging between US$75 and US$80 per barrel. However, the global benchmark has since fallen and is currently hovering around US$65 per barrel. 'Even for Petronas to remain sustainable, oil prices must be above US$60 per barrel. That is why they have to re-evaluate their position,' Fadillah added. MORE TO COME fadillah yusof gas aggregator job cuts Petronas Petros
