Latest news with #InternationalEnergyWeek2025
Borneo Post
11 minutes ago
- Business
- Borneo Post
Sarawak must move beyond upstream O&G, says Petros VP
Joseph says Sarawak's shallow industrial base limits the state's economic resilience because it relies heavily on primary sector activities. – Bernama photo KUCHING (July 16): Sarawak has yet to tap its full potential in the oil and gas sector as the focus remains largely on upstream activities, said Petroleum Sarawak Bhd (Petros) Senior Vice President of Growth, Datuk Joseph Podtung. He said Sarawak's shallow industrial base limits the state's economic resilience because it relies heavily on primary sector activities. 'Extract, export, repeat. That's the cycle. No strong mid or downstream development, no supporting service ecosystem, and no multiplier effect. 'If we keep exporting, we miss out on far greater opportunities. Developing domestic industries will create value chains, jobs and innovations. That is how we build long-term resilience. 'This is not about choosing between LNG and domestic use. It's about unlocking more. More for Sarawak's own use. More retained value. More future-proofing. 'It benefits not just Sarawak, but Malaysia as a whole. We are shifting from a volume mindset to a value mindset,' he said during the plenary session titled Sarawak Gas Roadmap: Unlocking the Potential of Natural Gas for a Sustainable Future at International Energy Week 2025 held here on Tuesday. Joseph added that natural gas is the key for Petros to move downstream, develop hydrogen, and power new industries across Sarawak. He outlined four regional hubs as part of the Sarawak Gas Roadmap, each with its own role in expanding the state's energy ecosystem. In Miri, onshore gas drilling resumes after 30 years, alongside a 500-megawatt power plant due by 2027. In Samalaju, the Bintulu-Samalaju pipeline, set to complete this year, will power heavy industries. Bintulu is advancing downstream with a methanol plant already running. However, in Kuching, he highlighted that despite being the capital of an energy-rich state, it has no pipelines and still depends on imported liquified petroleum gas and fossil diesel. 'Without action now, Kuching risks being left behind in the shift to a low-carbon economy. But Kuching has what matters, access to clean power, liveability that attracts talent, and proximity to 30 per cent of global maritime trade,' he said. Joseph said Kuching's low-carbon development will take place in three waves. The first wave will see the LNG-to-power project begin. LNG will be delivered via a floating storage and regasification unit and a subsea pipeline, supplying gas to a new combined cycle power plant. This will provide reliable, low-carbon electricity for Kuching and the wider Borneo region. The second wave builds on this foundation by developing a low-carbon industrial park to attract high-value industries. These include low-carbon petrochemicals, hydrogen clusters and digital sectors. 'And the final phase will transform Kuching's low-carbon hub into a global destination for investment, focusing on high-value added downstream products, such as low-carbon hydrogen for steel manufacturing, and low-carbon ammonia for fertilisers and other specialty chemicals,' he said. He also revealed that a global master planner will be appointed to develop the master plan for the Kuching Low-Carbon Hub and Deep Sea Port. Petros has previously secured two anchor partners, China Jiangsu International and Sumitomo Corporation to provide capital, capabilities and global investor networks to develop the Kuching Low-Carbon Industrial Hub. 'By anchoring demand in Kuching, it opens the need to further develop offshore resources. We have a demand-led pathway to unlock the untapped reserves of Western Sarawak, both natural gas and the CCS development,' he said. At its full scale, the SGR is expected to attract RM300 billion in investments and generate RM120 billion in annual output, which he said is close to what the Johor-Singapore Special Economic Zone is projected to produce at RM125 billion. downstream oil and gas Petros Sarawak
The Star
3 hours ago
- Business
- The Star
Shell MDS Malaysia launches Shell GTL SaraCare
(From left) Shell MDS marketing general manager Au Tong Sing, Shell MDS general manager Amir Bakar , Hazland and Siti at the launch of Shell GTL SaraCare. KUCHING: Shell MDS Malaysia launched a new range in its product applications, Shell GTL SaraCare, which was officiated by Sarawak Deputy Energy and Environmental Sustainability Minister (MEESTY) Datuk Dr Hazland Abang Hipni. The event took place at the International Energy Week 2025. This is yet another achievement demonstrating Shell Gas-To Liquids' (GTL)'s technology and Shell MDS' capability in pushing the boundaries of innovation. Shell GTL SaraCare is a premium high purity wax derived from natural gas. 'Today's launch reaffirms our unwavering commitment towards continuous innovation and excellence in serving our customers. 'Shell MDS Malaysia is proud to be among the pioneers in Gas-to-Liquids (GTL) technology — home to Shell's first commercial-scale GTL plant in the world. 'For over three decades, we have been learning, evolving and pushing the frontiers of GTL innovation to meet and exceed our customers' expectations and we believe SaraCare is a meaningful milestone that will resonate with them,' said Shell Malaysia country chair and Upstream Malaysia vice president Siti Sulaiman. As for its name SaraCare, the word Sara is derived from the name Sarawak, a state in Malaysia, as a tribute to the region where the product originates. Shell GTL SaraCare is one of the company's many ranges of specialty waxes portfolio. For more information, visit: Shell Middle Distillate Synthesis (MDS) | Shell
Daily Express
7 hours ago
- Business
- Daily Express
Sarawak to supply Sabah in October: Part of the Borneo Grid plan
Published on: Wednesday, July 16, 2025 Published on: Wed, Jul 16, 2025 By: David Thien Text Size: Sarawak to give priority for the Borneo Grid first over supply of electricity to Singapore and Peninsular Malaysia. KUCHING: Sarawak will supply Sabah with 30MW of electricity starting October 2025 and this grid will also eventually connect to Brunei Darussalam as part of the Borneo Grid which it prioritises before realising supplying to the Asean Grid – to Singapore and the Philippines in future. Sarawak is supporting Malaysia in advancing the Asean Power Grid by realising an 'Interconnected Borneo' first. Malaysia is the Chairman of Asean this year. Advertisement Its plan for the Peninsular Malaysia and Singapore Interconnection is 1,000MW each from the mid-2030s via a 700-km submarine cable. 'Sarawak has been exporting 100 to 200MW of electricity since 2016 through the West Kalimantan Interconnection,' revealed Datuk Sharbini Suhaili, Group Chief Executive Officer Sarawak Energy Berhad at the International Energy Week 2025, at the Borneo Convention Centre Kuching (BCCK). The event is dubbed 'Borneo's Biggest International Energy Expo & Summit', themed: 'From Sarawak to the World: Journey to Clean Energy Leadership'. Sharbini is proud that Sarawak has put Malaysia on the world's map as a sustainable source of renewable clean energy, and by this role, the largest state in Malaysia is recognised for its leadership in green energy. Panel speaker, Puah Kok Keong, the Chief Executive of Energy Market Authority of Singapore noted that Sarawak has the lowest electricity tariff in Malaysia. He said whilst Singapore's electricity tariff is at Singapore 30 cents, Sarawak Energy offers the lowest unsubsidised tariffs in Malaysia and among the most competitive in the Southeast Asia region for organic residential, industrial and commercial customers averaging 28 sen/kWh, as its energy landscape comprises of a balanced capacity mix of 60 per cent renewable energy. Sarawak's unique energy landscape enables the state to be at the cusp of a transformative clean energy era. While the state is powered by predominantly renewable hydropower, it is also advancing alternative renewable energy like solar, biomass, etc. This afforded Sarawak Energy an opportunity to diversify its customer base and market besides the sharing of generation of renewables capacity. This facilitates regional energy trading, optimal resource utilization and promotes renewable energy integration. It also has abundant indigenous gas and coal resources for energy security and reliability of supply. Nevertheless, the state is on course to phase out coal from energy mix in future. Sharbini said 'Sarawak Energy is committed to achieving balanced energy development, focusing on energy security, sustainability and affordability to drive sustainable socioeconomic transformation in Sarawak.' Sarawak is harnessing its renewable hydropower with its Batang Ai (94MW since 1985), Bakun (2,520MW since 2011) which is the largest in Southeast Asia, Murum (944MW since 2014), and Baleh (1,285MW to be fully commissioned in 2030) to realize the Borneo grid before exporting surplus electricity to Singapore and West Malaysia. 'All hydropower facilities operated by Sarawak Energy are guided by the International Commission on Large Dams (ICOLD) and the Hydropower Sustainability Standard (HSS),' Sharbini said as he elaborated on the strategic importance of enhancing energy connectivity across Asean nations to create a resilient, efficient and integrated energy network. He called on Asean governments to allow the private sector to drive this energy transformation across Asean with support for fundings. Singaporean Puah Kok Keong revealed that the Singapore government has allocated some S$10 billion to the Singapore Future Energy Fund which must be spent prudently for this purpose. 'With energy demands rising and sustainability goals becoming a priority, regional cooperation is essential for achieving collective energy security and transitioning to a low-carbon future,' he said at the event moderated by Prihastya Wiratama, the Project Manager of Asean Centre for Energy. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
Daily Express
12 hours ago
- Business
- Daily Express
Sarawak to supply Sabah next month: Part of the Borneo Grid plan
Published on: Wednesday, July 16, 2025 Published on: Wed, Jul 16, 2025 By: David Thien Text Size: Sarawak to give priority for the Borneo Grid first over supply of electricity to Singapore and Peninsular Malaysia. KUCHING: Sarawak will supply Sabah with 30MW of electricity starting August 2025 and this grid will also eventually connect to Brunei Darussalam as part of the Borneo Grid which it prioritises before realising supplying to the Asean Grid – to Singapore and the Philippines in future. Sarawak is supporting Malaysia in advancing the Asean Power Grid by realising an 'Interconnected Borneo' first. Malaysia is the Chairman of Asean this year. Advertisement Its plan for the Peninsular Malaysia and Singapore Interconnection is 1,000MW each from the mid-2030s via a 700-km submarine cable. 'Sarawak has been exporting 100 to 200MW of electricity since 2016 through the West Kalimantan Interconnection,' revealed Datuk Sharbini Suhaili, Group Chief Executive Officer Sarawak Energy Berhad at the International Energy Week 2025, at the Borneo Convention Centre Kuching (BCCK). The event is dubbed 'Borneo's Biggest International Energy Expo & Summit', themed: 'From Sarawak to the World: Journey to Clean Energy Leadership'. Sharbini is proud that Sarawak has put Malaysia on the world's map as a sustainable source of renewable clean energy, and by this role, the largest state in Malaysia is recognised for its leadership in green energy. Panel speaker, Puah Kok Keong, the Chief Executive of Energy Market Authority of Singapore noted that Sarawak has the lowest electricity tariff in Malaysia. He said whilst Singapore's electricity tariff is at Singapore 30 cents, Sarawak Energy offers the lowest unsubsidised tariffs in Malaysia and among the most competitive in the Southeast Asia region for organic residential, industrial and commercial customers averaging 28 sen/kWh, as its energy landscape comprises of a balanced capacity mix of 60 per cent renewable energy. Sarawak's unique energy landscape enables the state to be at the cusp of a transformative clean energy era. While the state is powered by predominantly renewable hydropower, it is also advancing alternative renewable energy like solar, biomass, etc. This afforded Sarawak Energy an opportunity to diversify its customer base and market besides the sharing of generation of renewables capacity. This facilitates regional energy trading, optimal resource utilization and promotes renewable energy integration. It also has abundant indigenous gas and coal resources for energy security and reliability of supply. Nevertheless, the state is on course to phase out coal from energy mix in future. Sharbini said 'Sarawak Energy is committed to achieving balanced energy development, focusing on energy security, sustainability and affordability to drive sustainable socioeconomic transformation in Sarawak.' Sarawak is harnessing its renewable hydropower with its Batang Ai (94MW since 1985), Bakun (2,520MW since 2011) which is the largest in Southeast Asia, Murum (944MW since 2014), and Baleh (1,285MW to be fully commissioned in 2030) to realize the Borneo grid before exporting surplus electricity to Singapore and West Malaysia. 'All hydropower facilities operated by Sarawak Energy are guided by the International Commission on Large Dams (ICOLD) and the Hydropower Sustainability Standard (HSS),' Sharbini said as he elaborated on the strategic importance of enhancing energy connectivity across Asean nations to create a resilient, efficient and integrated energy network. He called on Asean governments to allow the private sector to drive this energy transformation across Asean with support for fundings. Singaporean Puah Kok Keong revealed that the Singapore government has allocated some S$10 billion to the Singapore Future Energy Fund which must be spent prudently for this purpose. 'With energy demands rising and sustainability goals becoming a priority, regional cooperation is essential for achieving collective energy security and transitioning to a low-carbon future,' he said at the event moderated by Prihastya Wiratama, the Project Manager of Asean Centre for Energy. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
The Sun
a day ago
- Business
- The Sun
Malaysia to lead ASEAN power grid implementation from 2025
KUCHING: Malaysia is poised to take a leading role in the ASEAN Power Grid (APG) initiative, with Deputy Prime Minister Datuk Seri Fadillah Yusof confirming that implementation could begin as early as next year. The country's advanced infrastructure and existing cross-border electricity connections position it as a key player in the regional energy integration project. Fadillah, who also serves as Energy Transition and Water Transformation Minister, highlighted Malaysia's progress during the International Energy Week 2025. He noted that key decisions on the APG roadmap will be finalised at the 43rd ASEAN Ministers on Energy Meeting (AMEM) in Kuala Lumpur this October. 'The roadmap has been presented and received agreement in principle. If all goes well, implementation will begin as early as next year, subject to endorsement by ASEAN leaders,' he said. Malaysia already has operational interconnections with Thailand, Laos, and Singapore in Peninsular Malaysia, while Sarawak is linked to West Kalimantan. Plans are underway to extend the grid to Sabah and eventually connect with the southern Philippines, creating a loop in Borneo. Fadillah emphasised the need for regulatory alignment among ASEAN member states to ensure seamless integration. The APG, launched in 1997, aims to fully interconnect the region's power infrastructure by 2045. – Bernama
