Tuesday, July 14

Strategic alliance to explore LNG in Sabah

0

Ng (second left) showing the MOU documents with Annuar. Also seen are Donald (third right) and Mustafa (third left).

SEPANGGAR: Sabah Ports Sdn Bhd (SPSB) and Asian Supply Base Sdn Bhd (ASB) have formed a strategic alliance that seeks to explore and develop the marine and oil & gas opportunities in the state.

A Memorandum of Understanding (MoU) between the two parties was signed during a special ceremony held at Wisma Sabah Ports here yesterday.

Both sides have confirmed to develop an integrated offshore marine base at Sepanggar Bay as its first project to be materialised under the collaboration and thereafter, will explore development of liquefied natural gas (LNG) potentials.

The strategic co-operation aims to create advance services and facilities for oil and gas, marine, logistics and port related segments within Sabah.

It leverages on the strength of SPSB as the state’s main port operator and in particular utilising Sepanggar Bay Container Port (SBCP) as a gateway to access the Bimp Eaga, North East Asian and wider markets and is further reinforced with ASB’s expertise as a fully integrated marine and offshore provider with capabilities in oil and gas exploration, development and production activities.

The MoU was signed by SPSB managing director, Ng Kiat Min and ASB chief executive officer, Datuk Harris Annuar Tan.

Standing as witnesses were ASB chairman, Datuk Dr Donald Peter Mojuntin and Suria Capital Holdings Berhad cum SPSB board member, Datuk KY Mustafa.