Innovation And Collaboration Are The Keys To Malaysia’s Energy Transition

November 29, 2019

Dateline 2019-06-27, Forbes:

Asia continues to be the fastest growing region in the world today. With its stable economic outlook, Malaysia remains at the center of the region’s development. However, rapid changes in the marketplace, stringent regulatory requirements, including environmental laws as well as geopolitical tensions, pose many challenges for businesses.

Despite these uncertainties and challenges, energy demand continues to shift towards Asia. Analysts project that primary energy demand in the region is expected to grow at 2.5 percent per annum and reach 7.1 billion tons of oil equivalent (btoe) in 2035, accounting for 42% of the world’s primary energy demand.

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Malaysia’s solar sector on the rise

November 28, 2019

Dateline 2019-10-02, Asean Post:

Malaysia’s solar photovoltaics (PV) industry is on the rise thanks to strengthening government support, growing investor confidence and reducing costs.

Already ASEAN’s biggest solar PV employers, Malaysia’s solar sector is well poised for more growth given the favourable conditions that are developing.

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Dive Tenggol 2019-10 3 of 3

November 27, 2019
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Pay up 20% oil royalty or stop pumping in Sabah, says Jeffrey

November 26, 2019

Dateline 2019-09-30, FMT:

Sabah opposition leader Jeffrey Kitingan yesterday hit out at the Pakatan Harapan (PH) government over Dr Mahathir Mohamad’s remark that it is impossible to give the East Malaysian states the 20% oil royalty, calling this at odds with Putrajaya’s “Shared Prosperity” vision for the country.

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Why The Introduction Of The Petroleum Sales Tax In Sarawak May Not Appeal To Everyone

November 25, 2019

Ummm, the answer’s in the title?

Dateline 2019-09-30, The Malaysian Reserve:

IN NOVEMBER last year, the Sarawak state government announced a proposed sales tax on petroleum products to increase State revenue.

The five per cent sales tax on petroleum products include amongst others, crude oil, natural gas, LNG, chemical based fertilisers and gas-to-liquid products, and is expected to generate an estimated revenue of RM3.897 billion and diversify the State’s revenue base. Analysts say the amount, which has been factored in the State’s 2019 Budget, could be much higher.

Merely two months after, the State announced that the five percent sales tax will only be imposed on sale and delivery of petroleum products outside the State.

While introduction of a sales tax on petroleum products may result in improving the coffers of the State, in the long run the increased production cost may make the petroleum industry less attractive to investors.

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Sarawak has new formula for oil revenue-sharing, says CM

November 24, 2019

Dateline 2019-09-28, FMT:

The Sarawak government says it has a new formula on revenue-sharing with Petronas in a bid to recover its losses from royalties on natural gas and crude oil obtained from within its waters.

Chief Minister Abang Johari Openg said the new formula had been submitted to the federal government.

He said he was aware that government-owned Petronas is also an international company but that did not mean that the company could deprive the state of its revenue.

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Sarawak govt to take Petronas to court if 5pc sale tax not paid

November 23, 2019

Really?

Dateline 2019-09-29, Malay Mail:

Sarawak Chief Minister Datuk Patinggi Abang Johari Openg today said the state government is prepared to go to court to get its share of revenue from Petroliam Nasional Berhad (Petronas), if the oil company does not pay the 5 per cent sales tax on the export of petroleum and petroleum products.

He said the state is within its rights to receive the share as enshrined under the Malaysia Agreement (MA63) and the Federal Constitution.

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RON95 subsidy plan is ready

November 22, 2019

Dateline 2019-09-28, The Star:

THE government will use electricity bills to determine those who will be eligible for RON95 petrol subsidies, reported Sin Chew Daily.

Deputy Domestic Trade and Consumer Affairs Minister Chong Chieng Jen said only those who are in the B40 category, with monthly bills of between RM100 and RM200, will be eligible.

“The use of electricity bills is only a reference point, ” Chong said in an exclusive interview with the paper.

The proposed mechanism, he said, will be submitted to the Cabinet in October.

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Shell completes Gumusut-Kakap Phase 2

November 21, 2019

Dateline 2019-09-28, Borneo Post Online:

Sabah Shell Petroleum Company Ltd, the operator of the Gumusut-Kakap (GK) semi Floating Production System located offshore Sabah, announced the completion of its GK Phase 2 project, which involved the drilling of four additional subsea wells tied back to its semi Floating Production System (GK-Semi FPS).

At peak production, the four wells will add 50,000 barrels of oil equivalent per day to the GK-Semi FPS, sustaining its rated production capacity of 165,000 barrels per day.

Located in water depths of 1,200 meters, the GK-Semi FPS was Shell’s first Deepwater development in Malaysia, starting production in 2014.

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Dive Tenggol 2019-10 2 of 3

November 20, 2019

This is what you see when your camera is set in macro mode.

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