Its president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin said since 1974, the purpose of the national oil company had been deeply rooted in its responsibility to develop and maximise the value of Malaysia's hydrocarbon resources to harness the good in energy for the shared benefit of the nation.
"Driven by this trust, Petronas is indeed proud to be a long-standing partner to Sarawak," he said in his speech at the Sarawak Domestic Gas signing ceremony here, today, which was witnessed by Sarawak Deputy Chief Minister Datuk Amar Awang Tengah Ali Hasan.
Wan Zulkiflee said the signing marked a new chapter in the company's collaboration with Sarawak, which reflects Petronas' commitment to collaborate and support the state government through its O&G company, Petroleum Sarawak Bhd (Petros).
"Under the commercial arrangement, the sale and purchase of the gas distribution businesses and assets in Miri and Bintulu will be undertaken by Petros, which will assume the role as gas transporter and aggregator, and carried out by its subsidiary Petros Gas," he said.
Additionally, Petronas will provide a long-term supply of natural gas for Petros' onward sale to their customers in Miri and Bintulu.
Prior to today's collaboration, Wan Zulkiflee said Petronas had already sealed a partnership with the State Economic Planning Unit in the development of the Sarawak Petrochemicals Master Plan Study, which had been progressing with much momentum.
"The scope of study includes gas monetisation options as part of our efforts to promote gas as a cleaner source of energy, in addition to exploring the development of a petrochemical hub and its related utilities infrastructure," he added.