Sabah Gas Industries Sdn Bhd was a state owned holding company based in Labuan, Malaysia. It was established in 1982 by the Government of Sabah for the downstream operations of Sabah natural gas resources.[1] The company owned and operated a 660,000-tonne per year methanol plant, a 600,000-tonne per year sponge iron factory, and a 79 MW natural gas-fired power station, all commissioned in 1984, after the gas pipeline from the offshore gas fields became operational.[1][2][3] The industries were supplied by natural gas from the Erb West and Samarang offshore fields.[1][4] In the beginning of the 1990s, due to financial difficulties, the company was put for privatisation.[3][5] In 1992, the methanol plant was sold to Petronas and operates today as Petronas Methanol (Labuan) Sdn Bhd.[1][6][7] The power station was sold to Sabah Electricity.[1] The sponge iron factory was bought by the affiliated companies of the today's Lion Group. The plant operates today as Antara Steel Mills Sdn Bhd.[8][9]
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