Sabah’s first near-shore LNG development reaches final investment decision

Dateline 2022-12-27, The Edge:

Petroliam Nasional Bhd (Petronas) has reached the final investment decision (FID) for a near-shore liquefied natural gas (LNG) facility in Sabah.

The engineering, procurement, construction and commissioning (EPCC) contract for the project was awarded to the winner of the dual-front-end engineering design competition in October last year.

Sabah Chief Minister Datuk Seri Hajiji Noor said the LNG project is a step in the right direction, as the state government continues to pursue more deals to get additional revenue via equity participation for Sabah.

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