Sabah oil doesn’t need another ‘broker’


And we see M3Nergy is in the news

Dateline 2014-05-02, Free Malaysia Today:

In the 1980’s the Sabah Energy Corporation (SEC) was established to develop oil and gas projects in Labuan.  Asian Supply Base Sdn Bhd is one of its subsidiaries.

The SEC’s responsibility was to develop the integrated Sabah Gas Utilisation Project in Labuan whereby excess gases piped in from offshore fields are used to make hot briquette iron and methanol.

Excess heat was used for power generation.

But SEC sold off  the integrated gas projects. SEC is now responsible for providing gas for industrial use in the Kota Kinabalu Industrial Precinct (KKIP) but this however is limited to only 2 million cubic feet of gas sales daily.

In the 1990s the Sabah Government established Petrosab, a subsidiary of Innoprise, the business arm of Yayasan Sabah.

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This entry was posted on Sunday, June 22nd, 2014 at 6:00 am and is filed under Malaysia, Malaysian election, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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