# Sarawak economic diversification and energy transition > Live situation record from CLSTR: https://clstr.news/situations/sarawak-economic-diversification-and-energy-transition > Updated: 2026-10-02T16:22:20.000Z. Sources: 2. Developments: 2. 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. ## Timeline ### 2026-10-02: 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 sources. https://clstr.news/cluster/sarawak-targets-carbon-economy-and-floating-lng-development ### 2026-09-13: 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. 2 sources. https://clstr.news/cluster/sarawak-targets-economic-diversification-in-northern-zone --- Cite as: Sarawak economic diversification and energy transition. CLSTR, https://clstr.news/situations/sarawak-economic-diversification-and-energy-transition