Sabah Energy inks multiple natural gas sales deals with key investors

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KOTA KINABALU: State-owned Sabah Energy Corporation (SEC) is set to take over natural gas supplies to industries as it gears up to raise Sabah's profile in the oil and gas sector.

SEC, which will become Sabah's largest domestic supplier and transporter of natural gas, signed multiple gas sales agreements and heads of agreement with major investors in the state on Monday .

SEC is expected to take over the natural gas pipeline from PETRONAS from April 1, he said after witnessing the signing. SBH Kibing is investing RM2bil in Sabah, expected to bring such benefits as an increase in foreign direct investment and the creation of 1,800 employment opportunities for Sabahans, among other spin-offs.

The manufacturing facility at KKIP is expected to create some 500 job opportunities. SEC also signed a HOA with PETRONAS Gas Berhad's subsidiary RGTLD for the supply of natural gas.

 

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