{"id":15419,"date":"2021-12-11T13:59:54","date_gmt":"2021-12-11T05:59:54","guid":{"rendered":"https:\/\/www.rakansarawak.com\/v3\/?p=15419"},"modified":"2021-12-11T14:05:09","modified_gmt":"2021-12-11T06:05:09","slug":"petronas-and-petros-signing-of-the-mou-for-revised-total-natural-gas-supply","status":"publish","type":"post","link":"https:\/\/www.rakansarawak.com\/v4\/2021\/12\/11\/petronas-and-petros-signing-of-the-mou-for-revised-total-natural-gas-supply\/","title":{"rendered":"PETRONAS and PETROS – Signing of the MoU for Revised Total Natural Gas Supply"},"content":{"rendered":"\n

A Memorandum of Understanding (MoU) on a staggered increase of natural gas supply to Sarawak was signed between the Petroliam Nasional Berhad (PETRONAS) and the Pertoleum Sarawak Berhad (PETROS) today (11th<\/sup> December 2021) for the implementation of projects under the Sarawak Gas Roadmap.<\/p>\n\n\n\n

Taking place in Kuching, the signing of the MoU was in the presence of the Sarawak Chief Minister YAB Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari bin Tun Datuk Abang Haji Openg and PETRONAS Chairman, Tan Sri Dato\u2019 Seri Mohd Bakke Salleh.<\/p>\n\n\n\n

\"\"
Signing on behalf of PETRONAS was Executive Vice President and Chief Executive Officer of Upstream, Adif Zulkifli while PETROS was represented by Group Chief Executive Officer, Datuk Sauu Kakok<\/figcaption><\/figure><\/div>\n\n\n\n

\u201cOur 10-year Sarawak Gas Roadmap \u2013 or SGR, is designed to realise the full potential of our abundant gas resources aimed at achieving Sarawak Vision 2030, contributing towards 10 per cent growth in GDP and creating thousands of \u201chigh income\u201d job opportunities,\u201d said Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari.<\/p>\n\n\n\n

On 7th<\/sup> December 2020, the State Government and PETRONAS entered into a Commercial Settlement Agreement (CSA) which sets out the principles for Greater Sarawak Participation, enabling greater revenue share and affording opportunities to derive equitable economic benefits from our oil and gas.<\/p>\n\n\n\n

Within this agreement, Sarawak has defined an operational Consultative Framework by which PETROS, key State Agencies and PETRONAS meet to implement the CSA\u2019s intent.<\/p>\n\n\n\n

\"\"
A MoU was signed between PETRONAS and PETROS on a staggered increase of natural gas supply to Sarawak for the implementation of projects under the Sarawak Gas Roadmap<\/figcaption><\/figure><\/div>\n\n\n\n

Among other equitable arrangements, the CSA envisages the formation and implementation of a comprehensive Gas Masterplan for the State of Sarawak.<\/p>\n\n\n\n

\u201cToday, we realise firm progress towards our Sarawak Gas Roadmap, with this announcement for access to an increase in supply of domestic Natural Gas of up to 1200 mmscf\/d from the current 450 mmscf\/d by 2030for the implementation of identified projects under the SGR,\u201d<\/p>\n\n\n\n

\u201cThis is a step change achievement \u2013 a supply increase of over 250 per cent. Securing Sarawak\u2019s Resources for Sarawak\u2019s Progress,\u201d said Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari.<\/p>\n\n\n\n

The SGR envisages implementation of broad economic activities in the period to 2030 from the development of additional power generation, petrochemical industries to re-shaping the landscape of downstream businesses within Sarawak, centred upon four strategic demand hubs spanning the State.<\/p>\n\n\n\n

\u201cTo effectively exercise our rights and the CSA, the imperative is that our State Oil and gas company – Petroleum Sarawak Berhad, or PETROS – is the One Stop Centre for operationalising the oil and gas value chain of Sarawak; in collaboration with players in the marketplace including investors and PETRONAS alike,\u201d said Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari.<\/p>\n\n\n\n

\"\"
Witnessing the signing was Senior Vice President of Petroleum management, Mohamad Firouz Asnan, PETROS\u2019s Chairman of the Board, Tan Sri Datuk Amar (Dr) Hamid Bugo and Director of Economic Planning Unit Sarawak, Datu Dr Mohammad Abdullah Zaidel<\/figcaption><\/figure><\/div>\n\n\n\n

Through the CSA, the State Government is emphasising the case for greater participation of Sarawak contractors in the Malaysian oil and gas industry with a focus on oil and gas activities in Sarawak.<\/p>\n\n\n\n

Through the consultation framework, Sarawak is working to three key objectives with PETRONAS, to benefit Sarawakian contractor community:<\/p>\n\n\n\n

  1. Capture a bigger share of higher value contracts;<\/li>
  2. Verify and prioritise bonafide Sarawakian and Sarawak based companies<\/li>
  3. Accelerate Vendor Development Programme (VDP) for Sarawakian companies<\/li><\/ol>\n\n\n\n

    \u201cAll these initiatives by the State Government are aimed at achieving Sarawak Vision 2030 \u2013 for the benefit of all Sarawakians and in turn, to the Nation,\u201d said Datuk Patinggi Tan Sri (Dr) Abang Haji Abdul Rahman Zohari. Also present during the MoU signing was Sarawak State Secretary,YB Datuk Amar\u00a0Jaul Samion and<\/em>Assistant Minister of International Trade and Industry, Industry Terminal & Entrepreneur Development, YB Datuk Haji Mohd Naroden Bin Haji Majais.<\/p>\n

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