KUCHING, Dec 13: Gas Petronas will gradually transition to the red-coloured Petros liquified petroleum gas (LPG) cylinders following an agreement signed between both parties to jointly contribute and strengthen the LPG business in Sarawak.
According to a media release today, the strategic partnership aims to fulfil the Sarawak government’s aspiration for Statewide coverage of Petros LPG and realising the intent of the State’s Distribution of Gas Ordinance 2016.
This partnership includes the divestment of Petronas Dagangan Berhad’s (PBD) LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of Petros, and a subscription of shares in PNiaga by PDB.
It is a strategic move to combine the strengths, experience and competencies of both oil and gas companies in order to maximise value for its customers in Sarawak.
The agreement was signed by PDB represented by managing director and chief executive officer (CEO) Osman Rani and PetrosNiaga by director Janin Girie and Petros group CEO Datuk Sauu Kakok in a ceremony held yesterday.
Also present as witnesses were Petroliam Nasional Berhad (Petronas) vice-president of Downstream Marketing, Ahmad Adly Alias and Petros’ board chairman Tan Sri Hamid Bugo.
Ahmad Adly emphasised that the signing ceremony marked the beginning of a long-term partnership between both companies to jointly contribute to Sarawak’s development.
“Through this strategic partnership, PDB and Petros will collaboratively market LPG products in the state, leveraging both companies’ expertise including PDB’s integrated LPG supply chain network and 30 years of experience,” he said.
Hamid reiterated that the partnership for Petros LPG strategically supports the State’s aspiration to ensure equitable access to an essential everyday fuel for Sarawakians, securing the State’s oil and gas resources for sustainable domestic supply.
“We remain steadfast in collaborating with our industry partners and state counterparts to deliver energy into Sarawak homes, businesses and industries,” he added.
Petros LPG entered the domestic market on Aug 4, 2021. Its LPG gas-filled cylinders are currently available through PNiaga dealers in the first serve areas of Kuching (Petrajaya, Matang, BDC and Tabuan), Padawan and Bau, growing statewide in 2022.
With this partnership, both PDB and Petros will facilitate a seamless transition to ensure continuous supply of LPG to customers in Sarawak. — DayakDaily
