Cheap gas to TNB a ‘one-off’ deal, says Petronas


Start reviewing your power consumption habits now.

Dateline 2012-03-05:

Petronas today reiterated its unwillingness to continue selling subsidised gas to national power company Tenaga Nasional Bhd (TNB) for the generation of electricity.

The state oil firm’s president and chief executive, Datuk Shamsul Azhar Abbas, said Petronas’s offer to supply TNB with gas below market rates was a “one-off” affair and that the government should help pay for any future subsidies on gas.

“Never have we mentioned in the past that that’s going to be a continuous kind of handout to TNB,” he told reporters at Petronas headquarters here today.

“It’s supposed to be one-off because we pity them, begging all over… that they don’t have enough cash now to operate efficiently.”

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