Sabah Energy Corporation Sdn Bhd (SEC) and Petroliam Nasional Bhd (Petronas) have signed key agreements for the supply of natural gas to SEC and for the sale of selected gas pipeline assets and businesses in Sabah. At the same event, SEC and Petronas exchanged documents on the sale of some of Petronas’ gas businesses in Sabah, which consist of gas supply agreements to five independent power producers (IPPs) in Sabah. SEC also exchanged documents with Petronas Gas Bhd (PGB) and Petronas Carigali Sdn Bhd (PCSB) for the sale of seven onshore gas pipelines in Sabah to SEC. With the acquisition of Petronas’ gas contracts in Sabah, SEC has become the largest domestic supplier and transporter of natural gas in Sabah, moving more than 250MMscfd of natural gas to the existing IPPs. Tengku Taufik said: “Petronas remains resolute in its commitment to support the Sabah state government’s aspirations for its oil and gas industry.
