Dateline 2012-02-23:
Malaysian state oil firm Petroliam National Bhd (Petronas) has inked a more than 80 billion Malaysian ringgit ($26.4 billion) deal extending the supply of gas to Gas Malaysia Bhd for another 10 years.
The new supply agreement, which has the option to extend for another five years, is one of the requirements for Gas Malaysia to list on the local bourse this year, a source close to the deal told Reuters on Thursday.
“The value of the 10-year contract is worth more than 80 billion ringgit,” the source said, declining to be named due to the sensitivity of the contract value.
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Wata - Malaysian Oil and Gas Engineer 