Expecting breaking news12 Aug 2024 15:42
Sarawak has issued gas retail licences to 13 upstream gas sellers to carry out supply and sales of natural gas in the state.
"Based on the Ordinance, we have appointed Petroleum Sarawak Bhd (Petros) as the sole gas aggregator dealing with transactions, buying, selling, procurement and distribution of gas in Sarawak.
"If there are other parties that want to be involved in gas transactions, especially upstream companies, they must be licensed," he told reporters after the licence handover ceremony here on Wednesday (Aug 7).
He said licence applications from two more upstream companies were currently being processed and should be approved soon.
Petros means business, a sudden RNS would easily catapult the share price back to 3p plus