Sarawak-Petronas Deal: A New Era of Energy Cooperation

Sarawak and Petronas Sign Joint Declaration, Paving the Way for Sustainable Energy Future KUCHING, Sarawak – In a significant development for Sarawak's energy sector, the state government and Petronas signed a joint declaration on May 22, 2025, outlining a collaborative framework for gas distribution and resource management. The agreement underscores mutual respect and recognition of Sarawak's regulatory authority over its resources. The declaration, witnessed by key officials from both parties, addresses concerns about the distribution of gas resources and aims to provide certainty and clarity to the oil and gas industry operating within Sarawak. 'This collaborative framework will not only provide certainty and clarity to the oil and gas industry in Sarawak but also sets in motion a strategic shift towards realizing Sarawak's gas potential,' stated a representative from the Sarawak government during the press conference. Petronas, in turn, has pledged to cooperate fully with the new framework, emphasizing a commitment to working closely with the Sarawak government to implement the agreement in good faith. The joint declaration marks a pivotal moment in Sarawak's pursuit of sustainable energy development and its role as a regional energy hub. The agreement's focus on transparency and collaboration signals a positive step toward a more sustainable and mutually beneficial energy future for Sarawak and Malaysia.