PMO: Petronas to maintain role under PDA 1974, Petros to be Sarawak gas aggregator from March 2025

AI Summary

Petronas and the Sarawak government have signed a Joint Declaration affirming Petronas's continued adherence to the Petroleum Development Act 1974 while acknowledging Sarawak's authority over gas distribution within the state. Petros, appointed as Sarawak's gas aggregator from March 1, 2025, will cooperate with Petronas on gas supply projects, green energy initiatives, and power generation, respecting existing LNG export agreements. The agreement facilitates further negotiations and establishes a cooperative framework between Petronas and Petros.