00:00Sabah now has a seat at the table in decisions regarding the development, allocation and timing of its gas resources,
00:08a major shift from the past made possible by the 2021 Commercial Collaboration Agreement with Petronas,
00:14brokered under the leadership of Chief Minister Haji J. Noor.
00:18In a recent exclusive interview with FMT, SMJ Energy Sunan Berhad CEO Dayo Naisi Akibat said
00:24that the Sabah Gas Strategy 2024 Long-Term Gas Supply and Delivery Plan
00:29launched recently is a direct result of this strategic collaboration.
00:34The plan, jointly developed by Petronas and the Sabah government,
00:37outlines a long-term and structured blueprint to secure a reliable gas supply
00:41for the state's expanding domestic demand while enabling sustainable industrial growth.
00:47That was the creation and the baby created on the platform that discussed about the gas resources,
00:56when do you want to develop it and when it should be developed because it depends on whether you have a firm demand onshore.
01:06If you don't have a firm demand onshore, people from upstream will not be able to develop
01:13because the gas needs at least 20 years kind of contract.
01:19And then the resources from offshore has to be ensured that it has a 20-year supply of consistent supply of gas.
01:28The Energy Commission of Sabah was heavily involved as well, according to Dionysia,
01:33to help ensure the state's investment attractiveness.
01:36Dionysia said careful planning is now more crucial than ever amid rising petroleum costs.
01:42We also know that gas is not going to be cheaper in future because all the gas on the shallow water
01:51has already been explored or developed.
01:54The cost of taking out the gas is very expensive, right?
01:58It will be, you have to make sure that the demand and supply,
02:01the supply can be compensated with the right price.
02:05Dionysia said the CCA has made a world of difference
02:08in terms of giving Sabah a greater say as well as greater revenue and participation.
02:14You have to give credit to Petronas Impact for this, yeah,
02:18for able to attract all these international companies.
02:21But they also need to see a stable Sabah state.
02:25Panyujo, FMT.
02:27Panyujo, FMT, Panyujo, FMT.
02:47Panyujo, FMT.
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