The ability of Petronas to invest in new LNG projects and in expanding Malaysia’s oil and gas production could be curtailed by the government’s increasing reliance on the company for funds.
Malaysia’s ruling Pakatan Harapan coalition announced on 2 November that Petronas will pay a one-off special dividend of MYR 30 billion ($7.25 billion) to the government as part of the 2019 budget. This is in addition to the regular yearly dividend paid by the company, which in 2019 will amount to MYR 24 billion.
Petronas, Southeast...
- You have reached an article available exclusively to subscribers
- Stay informed with exclusive, accurate and up-to-date energy news, analysis and intelligence. Sign up for 7-day trial access to this and more premium content. It's free!
- Get a free trial Already a subscriber? Sign in
