Sabah Acquires 25% Ownership In Petronas’ PFLNG 3 Project


Dateline 2025-11-01, The Exchange Asia:

KOTA KINABALU, Sabah has officially completed the acquisition of a 25% equity stake in Petronas PFLNG 3 Sdn Bhd, marking a significant step forward in the state’s efforts to strengthen its participation in Malaysia’s oil and gas sector and deepen collaboration with Petroliam Nasional Bhd (Petronas).

Chief Minister Datuk Seri Hajiji Noor said the move, executed through SMJ Energy Sdn Bhd — Sabah’s state-owned energy company — in partnership with Petronas LNG Sdn Bhd, represents a major milestone in enhancing Sabah’s role in upstream and downstream energy ventures.

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This entry was posted on Monday, November 3rd, 2025 at 10:44 am and is filed under 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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