PETRONAS' Statement in Response to CN Asia Article on 7 September 2024
Source: www.gulfoilandgas.com 9/10/2024, Location: Asia
PETRONAS refers to a recent news report that claimed PETRONAS is considering filing a court injunction against the Sarawak state government pertaining to the rights to distribute natural gas in Sarawak.
As stated during its recent Financial Results Announcement, PETRONAS reiterates that it is still in discussions with both the State and Federal Governments as well as PETROS towards achieving mutual resolution regarding the distribution of natural gas.
PETRONAS is of the view that it is imperative that a win-win partnership is established based on the understanding of each other’s strengths and constraints to reach a holistic resolution. Our position is that any resolution developed by all parties must have the country’s best interest at heart and should not jeopardise the economic stability of the country.
To this end, PETRONAS remains fully committed to work together with all parties to preserve a thriving and conducive investment climate in Malaysia.
