PETRONAS Strengthens Collaboration in Sabah, Inks Equity Deal with SMJ Energy

^{The HoA was signed by SMJ Energy CEO Datuk Dr. Dionysia Aloysius Kibat (second from right) and PLSB CEO Shamsairi M Ibrahim (fifth from right), in the presence of Sabah Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor (third from right) and PETRONAS President and Group CEO Tan Sri Tengku Muhammad Taufik (fourth from right).}


KUALA LUMPUR, July 17 (Bernama) -- Petroliam Nasional Berhad (PETRONAS), through its subsidiary PETRONAS LNG Sdn. Bhd. (PLSB), today signed a Heads of Agreement (HoA) with SMJ Energy Sdn. Bhd. (SMJ Energy) to formalise the terms for a 25% equity participation of SMJ Energy in PFLNG 3 Sdn. Bhd. 
 
This marks a significant step forward in strengthening PETRONAS’ long-standing partnership with the Sabah State Government and the responsible development of resources in the state.
 
The agreement was signed by SMJ Energy CEO Datuk Dr. Dionysia Aloysius Kibat and PLSB CEO Shamsairi M Ibrahim, in the presence of Sabah Chief Minister Datuk Seri Panglima Haji Hajiji Haji Noor and PETRONAS President and Group CEO Tan Sri Tengku Muhammad Taufik.
 
PFLNG 3 Sdn. Bhd. is the project company developing the upcoming shore-based floating liquefied natural gas (LNG) facility, which will be located in Sipitang Oil & Gas Industrial Park (SOGIP), Sabah.
 
The proposed equity acquisition will be implemented via definitive agreements to be finalised following the HoA.
 
About PETRONAS 
As a global energy and solutions partner, PETRONAS is driven by its purpose to enrich lives for a sustainable future. With presence in over 100 countries, the group continues expanding its portfolios ranging from conventional and cleaner energy solutions to a diverse range of fuel, lubricants and petrochemical products. While ensuring sustainable practices across its operations, PETRONAS strives to ensure just and equitable outcomes in transitioning to a lower carbon future.

Issued by
Media Communications
Group Strategic Relations & Communications
PETRONAS
 

SOURCE: ​PETRONAS

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Tunku Putri Nur Asma
Email: tunkuputrinurasma.t@petronas.com 
Tel: +6012 299 5727  

Name: Anisa Adnin 
Email: anisaadnin.mohamad@petronas.com
Tel: +6013 904 2724

--BERNAMA