Sabah Gas Industries
State owned | |
Successor |
Antara Steel Mills Petronas Methanol (Labuan) |
Founded | 1982 |
Founder | Government of Sabah |
Defunct | 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 2 3 4 5 Lee, Sebastian (28 February 2012). "Sputtering on gas". Insight Sabah. Retrieved 28 July 2012.
- ↑ "Sabah Gas Obtains $230m loan facility". New Straits Times. 8 December 1990. Retrieved 28 July 2012.
- 1 2 "Agreement to sell Sabah Gas Industries". New Straits Times. 28 January 1990. Retrieved 28 July 2012.
- ↑ "Samarang gas begins to flow". New Straits Times. 5 July 1984. Retrieved 28 July 2012.
- ↑ S. Durga Varma (15 December 1988). "Sabah Gas Industries to be privatized soon". New Straits Times. Retrieved 28 July 2012.
- ↑ "Explosion at gas plant in Labuan". Star Property. 23 February 2010. Retrieved 28 July 2012.
- ↑ "Clearing the air over Sabah Gas". Malaysia Today. 16 November 2008. Retrieved 28 July 2012.
- ↑ 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.
- ↑ "Antara Steel Mills Sdn Bhd: Private Company Information. Businessweek.". Retrieved 28 July 2012.
The company was formerly known as Sabah Gas Industries.