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126 Borneo Bulletin Yearbook 2020
Brunei Energy Industry Integrity Pact
The Brunei Energy Industry Integrity Pact
was established in 2017 with 10 founding
members made up of established oil and gas
companies in Brunei. The oil and gas companies
are Brunei Shell Petroleum, Brunei LNG,
Brunei Shell Marketing, Brunei Gas Carriers,
Hengyi Industries, Shell Deepwater Borneo,
PetroleumBRUNEI, Brunei Methanol Company,
Petronas Carigali Brunei and Total E&P Borneo
BV.
In 2018, 32 companies joined the pact. The anti-
corruption network was further strengthened
when 22 companies were added to the pact in
2019.
The pact contains 10 essential principles that
companies shall incorporate into their ways of
working to ensure appropriate internal controls
are in place to assess, prevent, detect and
monitor integrity and compliance risks in the
course of their operations.
By agreeing to the pact, the industry conveys
its zero-tolerance message that any company
lacking integrity and transparency will not have
the opportunity to do business with any of the
oil and gas operators in Brunei.
As Brunei’s main country revenue comes
from the energy industry, the group aims to
collectively ensure that transparency, fairness
and integrity remain at the forefront of the
industry’s business dealings.
National Power Demand
Over the next 10 years from 2019 to 2029,
Brunei’s demand for power is expected to
increase three per cent per annum from 3,900
gigawatt hours (GWh) to 5,300 Gigawatt hours
(GWh). The rise in power demand is due to the
current and upcoming key national projects and
developments in the pipeline, said Minister of
Energy Dato Seri Setia Dr Awang Haji Mat Suny
bin Haji Mohd Hussein at the closing ceremony
for the 7th Green Leaders Camp in 2019.
On October 29, 2019 at the Singapore Energy
Summit, the minister said that Brunei is
continuously taking steps to ensure the supply
of reliable and affordable power to meet the
national electricity needs. Future key shifts
include the adoption of a cleaner, modern power
grid driven by technology advancements.
The minister also said that diverse energy
sources are needed to manage the rising
global need for electricity, driven by industrial
and economic activities, transportation needs,
and population growth. At the same time, it is