Anwar: Petronas to uphold contracts amid Petros takeover in Sarawak

Malaysian Prime Minister Anwar Ibrahim has assured that Petroliam Nasional Berhad (Petronas) will uphold all existing domestic and international contractual obligations as negotiations continue with Petroleum Sarawak Berhad (Petros) regarding gas distribution in Sarawak. Petros is set to assume the role of gas aggregator in Sarawak effective March 1, 2025, under the Distribution of Gas Ordinance 2016, which guarantees it access to 1.2 billion cubic feet of natural gas per day for the state's domestic needs. Anwar emphasized that detailed negotiations would adhere to transparent commercial principles, maintaining shared benefits and interests. The federal government recognizes the importance of Petros in supporting Sarawak's aspirations within the oil and gas industry, while also affirming Petronas's vital role in the sector. However, some