Sabah Gas Industries

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Sabah Gas Industries
Company typeState owned
Founded1982 (1982)
FounderGovernment of Sabah
Defunct1992 (1992)
SuccessorAntara Steel Mills
Petronas Methanol (Labuan)
Headquarters
Labuan
,
Malaysia
OwnerGovernment of Sabah
DivisionsSteel
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]

See also

References

  1. ^ a b c d e Lee, Sebastian (28 February 2012). "Sputtering on gas". Insight Sabah. Archived from the original on 5 July 2012. Retrieved 28 July 2012.
  2. ^ "Sabah Gas Obtains $230m loan facility". New Straits Times. 8 December 1990. Retrieved 28 July 2012.
  3. ^ a b "Agreement to sell Sabah Gas Industries". New Straits Times. 28 January 1990. Retrieved 28 July 2012.
  4. ^ "Samarang gas begins to flow". New Straits Times. 5 July 1984. Retrieved 28 July 2012.
  5. ^ S. Durga Varma (15 December 1988). "Sabah Gas Industries to be privatized soon". New Straits Times. Retrieved 28 July 2012.
  6. ^ "Explosion at gas plant in Labuan". Star Property. 23 February 2010. Archived from the original on 4 November 2011. Retrieved 28 July 2012.
  7. ^ "Clearing the air over Sabah Gas". Malaysia Today. 16 November 2008. Archived from the original on 22 February 2013. Retrieved 28 July 2012.
  8. ^ Mah, Frederick; Lu, Dominic; Hassan, Alberto; Griscom, Frank (2009). Antara Steel& HBI – 25 years of adding value to South East Asian steelmaking (PDF) (Report). Retrieved 28 July 2012.
  9. ^ "Antara Steel Mills Sdn Bhd: Private Company Information. Businessweek". Archived from the original on 18 January 2013. Retrieved 28 July 2012. The company was formerly known as Sabah Gas Industries.


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