Reported 3 months ago
Sarawak, Malaysia's largest state, is reclaiming its natural gas assets from state-run enterprises as part of its efforts for greater economic autonomy. Following recent gas sale agreements, the transition of control from Petronas, Malaysia's national oil company, is set to complicate negotiations over revenue sharing and operational oversight. This move comes in the wake of Sarawak's strengthened political position after the 2022 elections, with plans to further develop its energy sector and enhance its contributions to the national economy.
Source: YAHOO