Malaysia’s Sabah Oil develops Malaysian facilities

London-based Gibson Shipbrokers Ltd and Malaysia’s Sabah Oil & Gas Development Corporation (SOGDC) have signed an agreement to develop oil and gas infrastructure jointly in Sabah, Malaysia.

The project, situated at the Sipitang Oil and Gas Industrial Park, will feature a new jetty, onshore hydrocarbon storage terminals, and a floating power plant, according to a statement from Gibson Shipbrokers. Plans also include the potential addition of LNG bunkering and refilling facilities.

A feasibility study for the project is currently underway and is expected to be completed by early July 2024. Moreover, this collaboration follows Sabah’s gas master plan initiative launched in 2022, which aims to enhance the domestic gas industry.

The plan includes the construction of a 2 million ton per annum LNG plant at the industrial park. Malaysia, a significant LNG exporter, shipped close to 27 million tons of LNG in 2023, solidifying Sabah’s role as a pivotal gas-producing region in the country.

Attribution: Reuters