Company type | State owned |
---|---|
Founded | 1982 |
Founder | Government of Sabah |
Defunct | 1992 |
Successor | Antara Steel Mills Petronas Methanol (Labuan) |
Headquarters | , |
Owner | Government of Sabah |
Divisions | Steel Chemicals Electricity |
Sabah Gas Industries Sdn Bhd was a state owned holding company based in Labuan, Malaysia. It was established in 1982 by the Government of Sabah for the downstream operations of Sabah natural gas resources. [1] The company owned and operated a 660,000-tonne per year methanol plant, a 600,000-tonne per year sponge iron factory, and a 79 MW natural gas-fired power station, all commissioned in 1984, after the gas pipeline from the offshore gas fields became operational. [1] [2] [3] The industries were supplied by natural gas from the Erb West and Samarang offshore fields. [1] [4] In the beginning of the 1990s, due to financial difficulties, the company was put for privatisation. [3] [5] In 1992, the methanol plant was sold to Petronas and operates today as Petronas Methanol (Labuan) Sdn Bhd. [1] [6] [7] The power station was sold to Sabah Electricity. [1] The sponge iron factory was bought by the affiliated companies of the today's Lion Group. The plant operates today as Antara Steel Mills Sdn Bhd. [8] [9]
The company was formerly known as Sabah Gas Industries.
Company type | State owned |
---|---|
Founded | 1982 |
Founder | Government of Sabah |
Defunct | 1992 |
Successor | Antara Steel Mills Petronas Methanol (Labuan) |
Headquarters | , |
Owner | Government of Sabah |
Divisions | Steel Chemicals Electricity |
Sabah Gas Industries Sdn Bhd was a state owned holding company based in Labuan, Malaysia. It was established in 1982 by the Government of Sabah for the downstream operations of Sabah natural gas resources. [1] The company owned and operated a 660,000-tonne per year methanol plant, a 600,000-tonne per year sponge iron factory, and a 79 MW natural gas-fired power station, all commissioned in 1984, after the gas pipeline from the offshore gas fields became operational. [1] [2] [3] The industries were supplied by natural gas from the Erb West and Samarang offshore fields. [1] [4] In the beginning of the 1990s, due to financial difficulties, the company was put for privatisation. [3] [5] In 1992, the methanol plant was sold to Petronas and operates today as Petronas Methanol (Labuan) Sdn Bhd. [1] [6] [7] The power station was sold to Sabah Electricity. [1] The sponge iron factory was bought by the affiliated companies of the today's Lion Group. The plant operates today as Antara Steel Mills Sdn Bhd. [8] [9]
The company was formerly known as Sabah Gas Industries.