Petronas Gas Berhad

Energy
KLSE: PETGAS
Malaysia
Petronas

In 2017 the U.S. state of Alaska, Florida, TExas listed Petronas Global  on its list of companies doing material business with Iran rendering Petronas Global ineligible for investment and/or state contracting.

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 In 2018 the U.S. state of Ohio listed Petronas Global Sukuk on its list of entities determined to be engaged in prohibited activities in Iran rendering Petronas Global Sukuk ineligible for investment and/or state contracting.

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Petronas Gas Berhad is the gas wing of the Malaysian national oil company, Petronas. Petronas Gas Berhad is engaged in gas processing, gas transmission, industrial utilities, and engineering management services (Company Website). 

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In 2004, Petronas Gas signed a shareholder agreement with the National Iranian Oil Company to create a liquefied natural gas company, Pars LNG Co (Company Timeline). 

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Petronas Gas has been targeted for divestment by the Florida State Board of Administrators over its involvement with the Iranian petroleum industry.