LABUAN -- Labuan is being considered as a third oil and gas hub of Malaysia, after Teluk Ramunia and Pengerang in Johor, Datuk Seri Najib Tun Razak said today.
The Prime Minister noted that the RM387 million Phase 2 undersea pipeline could support the oil and gas industries.
“We are still studying the matter (of giving Labuan the status). The Minister of Federal Territories and Urban Wellbeing has briefed me on the potential of the oil and gas sectors in Labuan,” he told reporters after opening a 1Malaysia clinic in Taman Mutiara here.
He said the matter would be brought to the attention of the Performance Management and Delivery Unit for further study before a decision was made.
Najib said the future of Labuan depended very much on oil and gas and financial services.
“We can see the potential of oil and gas as a big resource in Labuan, capable of generating high income jobs for the locals," he said.
Shipping and tourism were the other areas with potential, apart from education, he said.
Najib said that education in Labuan was developing but tourism needed to be boosted. -- BERNAMA