Latest news with #DionysiaKibat
Borneo Post
2 days ago
- Business
- Borneo Post
Sabah to acquire 25 per cent equity in Petronas ZNLG facility
Hajiji, together with Petronas Group President and Chief Executive Officer, Tan Sri Tengku Muhammad Taufik, witnessing the exchange of documents between Petronas LNG Sdn Bhd (represented by Vice President, LNG Marketing & Trading – Petronas Gas & Maritime, Shamsairi Mohd Ibrahim) and SMJ Energy Sdn Bhd (Datuk Dr Dionysia Kibat) at the signing ceremony of the Heads of Agreement at the Malaysian Petroleum Club (MPC) in Kuala Lumpur on Thursday. KUALA LUMPUR (July 17): The Sabah Government, through SMJ Energy (SMJE) will be acquiring 25 per cent equity in the USD3.1 billion nearshore floating liquefied natural gas (ZLNG) facility in Sipitang following the signing of the Head of Agreement (HOA) with Petronas at the Malaysian Petroleum Club (MPC) here on Thursday. 'This partnership marks another significant milestone to ensure Sabah's long-term development goals, promoting industrial growth and energy security and creating new opportunities to drive Sabah's progress. 'Through strategic investments like ZLNG, we will strengthen the state's economic resilience while ensuring that the benefits of Sabah's natural resources directly contribute to the well-being of our people,' said Chief Minister Datuk Seri Panglima Hajiji Noor after witnessing the HOA signing. The ZLNG facility with a capacity of two million tonnes per annum (MTPA) represents a significant addition to Malaysia's LNG landscape. Positioned nearshore in Sipitang, ZLNG is currently under construction and is expected to commence operations in the second half of 2027. This project complements Sabah's growing LNG footprint, in addition to two other floating LNG facilities, PFLNG1 (1.2 MTPA) and PFLNG2 (1.5 MTPA), currently operating in Sabah waters. The State Government also announced its intention to acquire a 40 per cent participating interest in PFLNG1 through SMJ Energy, with due diligence targeted to begin in the second half of 2025. SMJ Energy's growth trajectory since the signing of the Commercial Collaboration Agreement (CCA) with Petronas in December 2021 has been rapid. The company now holds 50 per cent equity in the Samarang PSC oil production asset, 10 per cent equity in LNG9, 25 per cent equity in the SAMUR petrochemical complex and full ownership of Sabah International Petroleum (SIP), which operates both FPSO and FSO assets. SMJ Energy also holds free carry and back-in rights in exploration blocks SB409 (20%), SB403 (20%), SB306A (15%) and SB306B (15%) 'We are a prudent financial investor with a disciplined approach to portfolio building. Our entry into ZLNG is part of our strategic plan to further diversify and strengthen our position in the upstream, LNG, and petrochemical sectors. 'This opportunity aligns with our mandate to generate long-term, stable cash flows from high-quality, cash-generating assets,' said SMJ Energy Chief Executive Officer Datuk Dr Dionysia Kibat. Sabah's downstream ambitions are also advancing rapidly. Sabah Energy Corporation (SEC), the state's gas aggregator and distributor, plays a crucial role in ensuring a stable domestic gas supply for Sabah's industries. One of its landmark projects includes supplying gas to E-Steel's RM31 billion green steel plant at the Sipitang Oil and Gas Industrial Park (SOGIP), a key investment supporting Sabah's move toward industrial diversification. Also present at the signing ceremony were Sabah Finance Minister an SMJE chairman Datuk Seri Masidi Manjun, State Secretary Datuk Seri Safar Untung and State Attorney General Datuk Brenndon Soh.
The Star
2 days ago
- Business
- The Star
Sabah secures 25% stake ZLNG facility with PETRONAS
KOTA KINABALU: Sabah acquires 25% equity in the USD3.1bil (RM13.17bil) nearshore floating liquefied natural gas (ZLNG) facility in Sipitang with the signing of the Head of Agreement (HOA) with PETRONAS at the Malaysia Petroleum Club (MPC), in Kuala Lumpur on Thursday (July 17). Chief Minister Datuk Seri Hajiji Noor stated that the partnership ensures Sabah's long-term development goals. "Through strategic investments like ZLNG, we will strengthen the state's economic resilience while ensuring that the benefits of Sabah's natural resources directly contribute to the well-being of our people," he said after witnessing the HOA signing. The ZLNG facility has a capacity of 2 million tonnes per annum (MTPA). It was under construction in Sipitang and was expected to commence operations in the second half of 2027. The State Government also announced its intention to acquire a 40% participating interest in PFLNG1 through SMJ Energy. SMJ Energy Chief Executive Officer Datuk Dr Dionysia Kibat said they are a prudent financial investor with a disciplined approach to portfolio building. 'Our entry into ZLNG is part of our strategic plan to diversify further and strengthen our position in the upstream, LNG, and petrochemical sectors,' she said.
Sinar Daily
30-06-2025
- Politics
- Sinar Daily
Sinar Harian wins main prize at Kinabalu Press Awards 2025
The award-winning report shed light on the daily struggle of villagers especially schoolchildren who had to traverse muddy roads despite repeated promises of infrastructure improvement during the 2022 General Election. Sinar Harian journalist Norasikin Daineh won the main award for the Malay Language News Report (non-feature) category at the Kinabalu Press Awards 2025 held on Sunday night. KOTA KINABALU - Sinar Harian journalist Norasikin Daineh, took home the top prize for the Malay Language News Report (non-feature) category at the Kinabalu Press Awards (KPA) 2025 held on Sunday night. She won a RM2,500 cash prize and a certificate for her impactful series "Jalan Magandai." The award-winning report shed light on the daily struggle of villagers especially schoolchildren who had to traverse muddy roads despite repeated promises of infrastructure improvement during the 2022 General Election (GE). SMJ Energy Sdn Bhd CEO Datuk Dr Dionysia Kibat. (second from left) presenting the main prize to Sinar Harian journalist Norasikin Daineh (second from right), for the Malay Language News Report (non-feature) category at the Kinabalu Press Awards 2025 in Kota Kinabalu, Sabah. The prize was presented by SMJ Energy Sdn Bhd chief executive officer Datuk Dr Dionysia Kibat. In a speech by Chief Minister Datuk Seri Hajiji Noor which was delivered by State Assistant Minister of Tourism, Culture and Environment Datuk Joniston Bangkuai, the former urged journalists to practise their craft with integrity and professionalism. "The success and dissemination of government policies rely on the media's ability to deliver clear and effective information to the people. "As an entity closely connected with the government, the media also plays a role in conveying information related to the state's development policies," he said. He added that the government remained fully committed to initiatives that would benefit the people and accelerate the development of Sabah through the Sabah Maju Jaya Development Plan. He also stressed the importance of strategic cooperation and strengthened relationships between media and the state, especially in delivering accurate development-related information to the public. "Media reports help the government understand what is happening on the ground and hear the concerns of the people. "Certainly, the government always welcomes such reporting as it acts as a bridge between the government and the people," he said. The Chief Minister also acknowledged the need for a reliable and ethical media to serve as a platform for fast and accurate information dissemination. He praised the KPA, organised by the Sabah Journalists Association (SJA) with support from the state and other sponsors, as a way to recognise and inspire excellence in journalism. "This ceremony serves as a platform to motivate media practitioners to remain driven, focused and responsible in producing ethical and transparent work. The state government values and understands this need. In fact, sponsorship support increases every year. "I congratulate all the winners. Continue your excellent work and let this achievement be a catalyst to further contribute to the state's development and the people's welfare through credible and ethical news reporting," he said. Meanwhile, SJA president Mariah Doksil shared that 268 entries were submitted this year and evaluated by experienced jurors from the Malaysian Press Institute (MPI). "Tonight, we not only recognise last year's outstanding work but also celebrate the spirit of journalism. "We often deliver the stories of others—struggles, hopes, achievements and change. But behind every byline, photo credit and recording, as storytellers, we have our own journeys too. "I want to pay tribute to all of you who continue to report the truth, capture moments with care and write based on journalistic ethics," she said. More Like This
