Malaysian state Sarawak envisions sovereign fund for energy company

Premier pushes green hydrogen development with two projects in pipeline

20250711 Abang Johari, premier of Sarawak state of Malaysia

Abang Johari, premier of the Malaysian state of Sarawak, speaks about his vision for energy company Petros and about his state's green hydrogen push. (Photo by Shotaro Tani)

SHOTARO TANI

TOKYO -- The premier of the Malaysian state of Sarawak envisions a Singapore-like sovereign fund role for Petros, an oil and gas company owned by the region's government, as it looks to leverage its newfound autonomy to grow its economy.

Abang Johari on Thursday said Singapore is the "best model" when thinking about the future of Petroleum Sarawak, better known as Petros, as state funds Temasek and GIC "really help" the city-state's economic growth.

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