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PDB partners with Petros for LPG business in Sarawak

 

KUALA LUMPUR, Dec 13  -- Petronas Dagangan Bhd (PDB) has signed a Heads of Agreement with Petroleum Sarawak Bhd (Petros) to mark the strategic partnership between both parties in the liquefied petroleum gas (LPG) business in Sarawak. 

The partnership includes the divestment of PDB’s LPG business in Sarawak to PetrosNiaga Sdn Bhd (PNiaga), a fully-owned subsidiary of Petros and a subscription of shares in PNiaga by PDB.

“Following this, Gas Petronas will gradually transition to Petros LPG gas-filled cylinders, fulfilling the Sarawak government’s aspiration for statewide coverage of Petros LPG and realising the intent of the state’s Distribution of Gas Ordinance 2016.

“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,” Petronas vice-president of downstream marketing Ahmad Adly Alias said in a statement today.

Meanwhile, Petros chairman Tan Sri Hamid Bugo said 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 said.

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 state-wide in 2022.

With this partnership, both PDB and Petros would facilitate a seamless transition to ensure continuous supply of LPG to customers in Sarawak.

-- BERNAMA

 

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