Petronas, Petros court case adjourned
No resolution in sight for protracted legal dispute over Sarawak's gas processing and marketing rights
Malaysia’s national energy behemoth Petronas and Petroleum Sarawak (Petros) on Monday informed the High Court in Kuching, Sarawak, that the parties jointly requested for the hearing to be adjourned for one month, as they adopt a collaborative approach to reaching a resolution.
Petronas in a statement said: “The adjournment was granted to allow the ongoing negotiations between the parties to continue.
“The parties are still involved in discussions with an aim of bringing matters to resolution.”
Petronas and its Sarawak state counterpart, Petros, have been locked in a dispute for around 18 months over the future aggregation of gas from Sarawak, the nation's largest state and home to some 60% of the country’s reserves.
The two sides had originally targeted a resolution by 1 July 2024 with the timeline then pushed back to October last year but today no end to the legal wrangle appears to be in sight.