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This is very fresh news — today's date actually. Here's what it means:
What is a "Free Zone"?
A Free Zone (FZ) is a designated area where goods can be imported, handled, manufactured, or exported with minimal or zero customs duties and taxes. Think of it as a special economic enclave within a port where normal import/export tariffs are suspended to attract investment and boost trade.
What just happened at Samalaju?
The Free Zone application for Samalaju Port was approved by Malaysia's Ministry o
Bintulu Port Holdings Berhad share price rose to RM 5.38 today on low volume driven by Sarawak signing MoUs for green energy projects which may boost future growth. With PE about 17.2 and dividend yield near 2.9, analysts see short term upside toward RM 6.20 to RM 6.30 though project delays and port demand changes remain risks. Momentum is positive but thin trading suggests the rise may be sentiment driven ahead of its 22 August 2025 earnings release.
June 20, 2025
The Malaysian subsidiary of Japan’s ENEOS Xplora has signed an agreement with Malaysia’s national oil and gas company, Petronas, to extend the production sharing contract (PSC) for a block situated off the coast of Sarawak, offshore Malaysia.
Offshore production facility at block SK10;
The 10-year extension will enable ENEOS and its partners to remain at block SK10 from 2028 to 2038. The PSC was awarded to ENEOS Xplora Malaysia and PETRONAS Carigali back in 1987, with the former being the operator.
Following the discovery of the Helang field in 1990, the first production started in 2003. Since then, Xplora Malaysia has steadily enhanced output through a series of development activities, which led to gas production from the Layang and Beryl fields in 2017 and 2018, respectively.
ENEOS Xplora, which was known as JX Nippon at the time, started producing oil from Layang in 2019, with oil production from Helang following suit a year later.
Natural gas produced from SK10 PSC is transported through subsea pipelines to the liquefaction plant in Bintulu, Sarawak, owned by Malaysia LNG. There, it is processed into liquefied natural gas (LNG) and exported to East Asian countries, including Japan.
ABU DHABI, United Arab Emirates: Bintulu Port Holdings Bhd (BPHB) and Abu Dhabi Ports Group have signed a Memorandum of Understanding (MoU) to initiate a strategic collaboration in the maritime sector.
The ceremony was witnessed by Premier Datuk Patinggi Tan Sri Abang Johari Tun Openg at Khalifa Port here today, local time.
KUALA LUMPUR: PETRONAS, melalui anak syarikatnya, PETRONAS LNG Ltd. (PLL), baru-baru ini berjaya menyempurnakan penghantaran pertama kargo gas asli cecair (LNG) kepada PetroVietnam Gas (PV Gas).
Penghantaran ini menandakan permulaan kerjasama antara PLL dan PV Gas, anak syarikat PETROVIETNAM (PVN), yang membuka jalan untuk kerjasama pada masa depan bagi menyokong keperluan keselamatan tenaga Vietnam dan pelan peralihan tenaga negara itu ke arah masa depan yang lebih mampan.
Kerjasama ini dibina atas asas Perjanjian Kerjasama (MoC) ditandatangani pada 8 November 2023 antara PETRONAS dan PVN, yang bertindak sebagai rangka kerja untuk memperkukuhkan kerjasama jangka panjang, dengan bekalan LNG sebagai salah satu fokus utama.
Kargo LNG itu dihantar dari Kompleks LNG PETRONAS di Bintulu, Sarawak ke Terminal LNG Thi Vai di Provinsi Ba Ria-Vung Tau.
The recent rally in LNG prices amid tightening global markets in the winter has moved the Asian LNG benchmark prices to a rare premium over Brent prices, suggesting that oil-based fuels are now more cost-competitive than natural gas.
This premium of LNG prices over the Brent crude benchmark could prompt fuel switching in the price-sensitive Asian economies from natural gas to oil and oil-based fuels, according to Bloomberg.
The Asian LNG benchmark, the Japan-Korea marker price, traded in early January at 22% higher than Brent on an energy-equivalent basis, per Bloomberg’s calculations.