RM8 billion timber sales target by 2030
KUCHING: Sarawak is targeting RM8 billion in annual exports value of timber products including furniture by 2030. Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg said the state’s forestry sector would give more emphasis on downstream products with high added value such as engineered wood and furniture. “Sarawak’s timber industry is the fourth most […]
Petronas strengthens collaboration with Japan to pursue carbon neutrality by 2050
KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has signed a memorandum of cooperation (MoC) with the Ministry of Economy, Trade and Industry of Japan (METI) and a memorandum of understanding (MoU) with Japan Bank for International Cooperation (JBIC) to collaboratively pursue mutual sustainability goals of achieving carbon neutrality by 2050. In a statement today, the national […]
Petronas set to replicate stellar first half performance
KUALA LUMPUR: Maybank Investment Bank (Maybank IB) expects Petronas to replicate its performance in the first half of the year (H1 2022) in the second half, which would result in the national oil company registering a core net profit of about RM100 billion in the financial year ending Dec 31, 2022 (FY22). The investment bank […]
Game changer through innovation in LNG trade
AS the world of LNG witnesses a resurgence of the demand for the precious supercooled fuel and the prices of the commodity are shooting up to the roof in Europe on the back of pipeline gas shortages following the Russia-Ukraine war, the port of Bintulu, located in Sarawak, Malaysia recently announced the onset of an […]
Tiger Bintulu set to bolster BPSB credentials
BINTULU: The first and largest dual-fuelled LNG ISO tank carrier in the world, Tiger Bintulu from Tiger Gas, made its first port of call at Bintulu Port Sdn Bhd (BPSB). The 192-meter-long ship with 400 empty LNG ISO tanks arrived at BPSB’s Bintulu International Container Terminal (BICT) on July 26. Upon completion of filling at […]
Role of natural gas in energy transitioning
THE Russia-Ukraine War has brought to the fore the importance of natural gas, whether via pipeline or in the form of LNG (liquified natural gas) as a source of energy for much of the world. The curtailment of pipeline gas supply from Russia to Europe following the outbreak of the conflict not only led to […]
Roadmap aims to increase domestic gas usage
By Nura Valentiana Lorna and Jacintha Jolene KUCHING: The Sarawak Gas Roadmap (SGR) by Petroleum Sarawak Berhad (Petros) will be a major breakthrough in bringing piped liquefied natural gas (LNG) to Kuching. “The effort is one of the state government’s aspirations,” said Petros senior vice-president (corporate strategy) Abang Arabi Abang Narudin. “Sarawak has more than […]
In search of new oil reserves for Sarawak’s industrialisation
KUCHING: The Sarawak government is exploring new oil and gas blocks onshore and offshore to ensure adequate volumes are available for Sarawak’s journey towards industrialisation. Chief Minister Datuk Patinggi Tan Sri Abang Johari Tun Openg said there was a pressing need to intensify localisation of gas supply and utilisation in the state. “This is to […]
Malaysia has potential to be reliable source of LNG to Bangladesh
KUALA LUMPUR: Malaysia has the potential to be a secure and reliable source of liquefied natural gas (LNG) to Bangladesh as it has an established market position as one of the world’s most reliable and reputable LNG suppliers. Minister in the Prime Minister’s Department (Economy) Datuk Seri Mustapa Mohamed said Malaysia was ranked fourth in […]
Keeping the LNG flowing during Covid-19
BINTULU: Mohamed Syazwan Abdullah @ Laga Jenggi had already served Petronas for 31 years when he was appointed managing director and chief executive officer of Malaysia LNG Group of Companies (MLNG) and Petronas LNG 9 Sdn Bhd in April, 2019. Laga, as he is fondly known, brought with him a wealth of experience. He has […]
