Sarawak Gas Road Map expected to attract RM60 billion investments

Facebook
X
WhatsApp
Telegram
Email

LET’S READ SUARA SARAWAK/ NEW SARAWAK TRIBUNE E-PAPER FOR FREE AS ​​EARLY AS 2 AM EVERY DAY. CLICK LINK

THE Sarawak Gas Road Map (SGR) is expected to attract RM60 billion in investments and contribute significantly to Sarawak’s economy, said Deputy Premier Datuk Amar Awang Tengah Ali Hasan.

He said these initiatives reinforce Sarawak’s leadership in sustainable energy, driving economic growth while advancing global decarbonisation efforts.

The SGR, he said, leverages Sarawak’s abundant natural gas resources, which constitute over 60 percent of Malaysia’s reserves, to drive industrialisation, improve energy security and attract sustainable investment.

“As part of this initiative, a RM100 million city gas trunkline in Bintulu will expand clean and affordable energy access for homes and businesses. The project is going to be implemented soon.

“Meanwhile, the RM1 billion Samalaju Pipeline will transport 300 mmcf per day of gas from Bintulu to Samalaju Industrial Park (SIP).

“The installation of this gas pipeline is expected to be completed by the end of 2025,” he said in his ministerial winding-up speech during the DUN Sitting here today.

Meanwhile, Awang Tengah, who is also Minister of International Trade, Industry and Investment said Kuching is emerging as a regional low-carbon gas hub, focusing on natural gas delivery, CCUS, offshore gas exploration, and development.

He said the proposed Tanjung Embang deep-seaport is anticipated to support the development of Kuching low-carbon gas hub, attracting investment, and strengthening Sarawak’s clean energy leadership.

According to him, Petroleum Sarawak Bhd (PETROS) recently signed a Strategic Cooperation Agreement with China Jiangsu International Economic and Technical Cooperation Group Ltd (CJI), one of the anchor partners to develop the masterplan for Kuching Low Carbon Hub

“PETROS has expanded 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 in 2026.

“Looking ahead, PETROS has committed RM8.5 billion in capital expenditure over the next three years in infrastructure development and resource commercialisation,” he added. 

Related News

Most Viewed Last 2 Days