PETRONAS overseas expansion is strategic hedge against uncertainty in Sarawak — BMI


Dateline 2025-11-26, The Edge Malaysia:

KUALA LUMPUR (Nov 26): The expansion of Petroliam Nasional Bhd’s (PETRONAS) overseas liquefied natural gas (LNG) investment is seen as safeguarding Malaysia’s supply amid its challenges with Sarawak over control of the resource, said BMI, a unit of Fitch Solutions.

“This shift appears driven by ongoing disputes over ownership and operational control. While Malaysian assets remain central to PETRONAS’ operations, its dominant role as regulator and natural gas aggregator in Sarawak is likely to diminish, even if an agreement is reached on rights to the state’s oil and gas reserves,” said the research unit in a note on Wednesday.

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