Sabah govt urged to conclude PL9SB deal by year-end

September 10, 2017

Dateline 2017-08-08, FMT:

Sabah DAP has urged the state government to acquire the “promised” 10% stake in Petronas LNG 9 Sdn Bhd (PL9SB) by the end of the year, saying “three years have been wasted with nothing achieved” on the delayed deal.

Sabah DAP secretary Chan Foong Hin said M3nergy, which was acquired by Sabah Development Bank Group Berhad, had changed its name to Sabah International Petroleum Sdn Bhd (SIP), which would be used as the vehicle to acquire the 10% share in PL9SB.

“SIP has not been generating any dividend for the state government as it is under a consolidating process now,” Chan told FMT in response to Chief Minister Musa Aman’s written answer to his question at the state legislative assembly sitting here today.


PETRONAS LNG 9 Sdn Bhd (PL9SB) commences commercial operations

February 14, 2017

Dateline 2017-01-23, Your Oil & Gas News (yup, that’s the name):

JX Nippon Oil & Energy (JX NOE) is pleased to announce that PETRONAS LNG 9 Sdn Bhd (PL9SB) commenced commercial operations on 1st January.

Last June, JX NOE purchased a 10 per cent stake in PL9SB, which owns the ninth LNG liquefaction train within the PETRONAS LNG Complex in Bintulu, Sarawak, Malaysia. The train has a production capacity of 3.6 million tonnes per annum.

JX NOE’s entry into PL9SB marked its second participation in PETRONAS’ LNG projects, in addition to its existing 10 per cent equity interest in MLNG Tiga Sdn Bhd.

With the addition of the state-of-the-art liquefaction plant owned by PL9SB, the PETRONAS LNG Complex now has the capacity to produce approximately 30 million tonnes per annum. The strategic partnership of JX NOE and PETRONAS will strive towards expanding the LNG business and ensuring a reliable supply of energy for the customers.