PTTEP, TotalEnergies, KUFPEC and Petronas team up on 6.5 tcf Sarawak gas

· Energy · Malaysia · Thailand

Four oil and gas companies — Thailand's PTTEP, France's TotalEnergies, Kuwait's KUFPEC and Malaysia's Petronas — have signed an agreement to co-develop gas fields off the coast of Sarawak, Malaysia. The partners aim to unlock more than 6.5 trillion cubic feet of gas across the fields. The deal brings together national oil companies from Thailand and Malaysia with a Kuwaiti state-backed player and one of Europe's largest majors, pooling their expertise to develop a gas cluster offshore Sarawak. Malaysia's gas resources have drawn increasing interest as Southeast Asian economies look to secure supply and stabilize power costs. The agreement marks one of the region's more significant upstream partnerships and could set the pace for further joint development of Sarawak's deepwater and shallow-water gas reserves.

Why it matters：The tie-up pools the region's national oil companies and a European major around one of Southeast Asia's largest undeveloped gas clusters, a signal that Asian gas supply security is pushing rivals into shared upstream projects.

Key points

  • The four partners are PTTEP, TotalEnergies, KUFPEC and Petronas.
  • The gas fields are located off the coast of Sarawak, Malaysia.
  • The partners aim to unlock more than 6.5 trillion cubic feet of gas.

Sources (original reporting)

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