Dateline 2011-05-30:
The natural gas price in Malaysia is still cheaper than in neighbouring countries despite the increase today, says Minister in the Prime Minister’s Department Tan Sri Nor Mohamed Yakcop.
“Even before or after the increase, Malaysia’s price is still cheap compared to Thailand (RM18.23), Indonesia (RM21.04), Singapore (RM43.32) and Vietnam (RM18.70),” he said.
Nor Mohamed said this after announcing the increase in natural gas price from RM10.70 per million British thermal units (MMBtu) to RM13.70 per MMBtu in line with the increase in global energy prices.
The announcement was made at a joint press conference by Nor Mohamed and Minister of Energy, Green Technology and Water, Datuk Seri Peter Chin Fah Kui here Monday.
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Wata - Malaysian Oil and Gas Engineer 