KUCHING: SEDC Energy Sdn Bhd which has been granted the authority by the federal government as a full-fledged oil and gas company will strengthen the industry in Sarawak.
Chief Minister Datuk Patinggi Abang Johari Tun Openg said with the exemptions given from federal laws, it will be able to transform the utility industry ecosystem.
“SEDC Energy is another entity that will be an important player to fortify the gas and petrochemical industry in the state which also reflects the increased ease of doing business.
“With the exemption of enforcement of the Petroleum Development Act (PDA) 1974, I also hope that the Utilities Ministry will continue to make strides towards creating a competitive and investment-friendly utility industry ecosystem.
“At the same time, protecting the rights of gas consumers in terms of continuity of supply, quality of gas and services as well as security of supply,” he said.
He said this when officiating at a ceremony to present a letter to exempt federal laws on regulation of Liquefied Petroleum Gas (LPG) in Sarawak to SEDC Energy Sdn Bhd here today (Sept 9).
With the exemption, SEDC Energy Sdn Bhd would be playing a similar role to Petronas Dagangan Berhad, a subsidiary of Petroliam Nasional Berhad (Petronas).
The chief minister said for the downstream sector, Petros LPG has started to be marketed in the local market within the framework of the Sarawak Gas Roadmap.
“This is to increase the value of the state’s gas resources at the local level in order to provide more socio-economic value by providing employment opportunities to the people of Sarawak,” he said.