Not true Sabah O&G made collateral

December 26, 2017

Nah, the collateral is when we give up Layang-layang reef.

Dateline 2017-11-09, Daily Express:

Abdul Rahman described claims that Prime Minister Dato’ Sri Najib Razak had collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion as a total and blatant lie.

He said this in reference to a message which started making its rounds over social media Tuesday afternoon, purportedly to warn Sabahans, Sabah MPs and ADUNs with regard to the Trans Sabah Gas Pipeline (TSGP) project. The message alleged that the Prime Minister has collateralised oil and gas blocks off Sabah to the Chinese for a loan of RM100 billion.

“This is a total and blatant lie perpetrated by irresponsible party who would benefit from people’s anger and mistrust towards the federal and state governments.

“I want to announce here that the TSGP is important for Sabahans, industries and non-industries using gas as fuel.

“All this while we have asked for Sabah gas to be used for industry and the people of Sabah, thus we build TSGP from Kimanis to Kota Kinabalu and from there to Tuaran, Kota Belud, Kota Marudu and then to Sandakan and Tawau.

RM4.5b Trans Sabah Gas Pipeline to be funded with loan from China, guaranteed by Malaysia

December 23, 2017

Why not just say, paid by Malaysia?

Dateline 2017-11-08, The Edge:

The Trans Sabah Gas Pipeline (TSGP) will be funded by a soft loan of RM4.53 billion from the Export and Import (EXIM) Bank of China and guaranteed by the Malaysian government, said Minister in the Prime Minister’s Department, Datuk Seri Abdul Rahman Dahlan.

The RM4.53 billion constitutes the total cost of the project, Rahman Dahlan said in a statement today, refuting an allegation on social media that Prime Minister Datuk Seri Najib Razak had collateralised oil and gas blocks off Sabah to China for a loan of RM100 billion.


Malaysia’s Petronas, Aramco to finalize RAPID deal after resolving ‘technical issues’: Bernama

December 17, 2017

Dateline 2017-11-03, Reuters/Bernama:

Malaysian state energy company Petronas and Aramco are facing “technical issues” in finalizing the Saudi oil major’s $7 billion investment in a refinery project, but the deal will be completed soon, state news agency Bernama reported on Friday.

The government “is giving room to Petronas and Saudi Aramco to resolve several technical issues related to the investment agreement,” Bernama reported, citing Abdul Rahman Dahlan, a minister in the Malaysian prime minister’s office.

Malaysia confident of resolving issue of natural gas tax at JDA border

December 16, 2017

Dateline 2017-11-02, The Star:

Malaysia is confident that Thailand’s intention to impose tax on natural gas produced by Petronas at the border of the Joint Development Area (JDA) fields in the Gulf of Thailand can be resolved.

Minister in the Prime Minister’s Department Datuk Abdul Rahman Dahlan said the natural gas produced by Petronas outside the JDA should not be taxed as it was not being used in Thailand even though it was sent for processing in Songkla before being transported to Bukit Kayu Hitam.

He said the natural gas produced was only “on transit” in Songkla as it was channelled through the same pipeline, and 100% of it was sent to Malaysia.