Sabah Gas Industries

Sabah Gas Industries
State owned
Successor Antara Steel Mills
Petronas Methanol (Labuan)
Founded 1982 (1982)
Founder Government of Sabah
Defunct 1992 (1992)
Headquarters Labuan, Malaysia
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]

See also

References

  1. 1 2 3 4 5 Lee, Sebastian (28 February 2012). "Sputtering on gas". Insight Sabah. Retrieved 28 July 2012.
  2. ↑ "Sabah Gas Obtains $230m loan facility". New Straits Times. 8 December 1990. Retrieved 28 July 2012.
  3. 1 2 "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. Retrieved 28 July 2012.
  7. ↑ "Clearing the air over Sabah Gas". Malaysia Today. 16 November 2008. 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.". Retrieved 28 July 2012. The company was formerly known as Sabah Gas Industries.
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