PETROS and PETRONAS collaborate for gas aggregator role transition

PETROLEUM Sarawak Berhad (PETROS) and Petroliam Nasional Berhad (PETRONAS) are working together to ensure a seamless transition for the gas aggregator role expected to be completed by the third quarter of 2024.

Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the gas aggregator role will enable PETROS to invest in gas infrastructure to accelerate the development of the four strategic hubs under the Sarawak Gas Roadmap.

He said the roadmap is expected to attract more than RM100bil of Foreign Direct Investment and Domestic Direct Investment opportunities.

“Since March 2024, PETROS has commenced engagements with PETRONAS, upstream gas producers and downstream gas buyers on the Distribution of Gas Ordinance (DGO) Amendment 2023.

“This states that PETROS is the only party mandated to buy, distribute, and sell gas as the single buyer and single seller in Sarawak.”

Abang Johari said this in his ministerial winding-up speech at the Sarawak State Legislative Assembly (DUN) sitting on today (May 15).

The Minister of Finance and New Economy also noted the appointment of PETROS as the gas aggregator for Sarawak marks a significant step forward towards managing the state’s gas resources.

“This will ensure availability of gas domestically for power generation as well as new and existing industries required to spur growth and development across Sarawak.”