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2 clusters · 2 sources · 20 days · First seen · Last updated

Sarawak economic diversification and energy transition

Overview

Sarawak is pursuing economic diversification strategies focused on transitioning from traditional resource extraction toward a low-carbon and high-tech economy.

Initial plans for the state’s Northern Zone involve positioning Miri as a high-tech energy hub and leveraging areas like Lawas and Limbang for agricultural development. This strategy emphasizes a broader energy mix, including hydroelectric, solar, and biomass, to adapt to global technological shifts.

Subsequent developments highlight a focus on the Mukah division, specifically targeting carbon management, the hydrogen sector, and carbon sequestration within peatlands to support a carbon-trading economy. Additionally, through Petroleum Sarawak Berhad (PETROS), the state is collaborating with a Norwegian energy company to develop floating Liquefied Natural Gas (LNG) technology. This project, intended to be part of a low-carbon complex in Tanjung Manis, is expected to begin supply by 2029.

Entities

Sarawak · Petroleum Sarawak Berhad · Awang Tengah Ali Hasan · Mukah · Abang Johari Tun Openg

Timeline

  1. [BUSINESS] 2 sources
    Sarawak targets carbon economy and floating LNG development

    Sarawak is pursuing economic diversification through carbon sequestration in Mukah and a partnership with Norway to develop floating LNG technology via PETROS, expected to supply by 2029.

  2. [BUSINESS] 2 sources
    Sarawak targets economic diversification in Northern Zone

    Sarawak is planning to diversify the economy of its Northern Zone, transforming Miri into a high-tech energy hub and leveraging regional trade opportunities and agricultural potential.

Sources

sarawakdaily.com · tvsarawak.my