Gas Malaysia: New industrial clients to pay double from 2013


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Dateline 2012-06-12:

Gas Malaysia Bhd’s new industrial customers will have to pay double the gas price once the sole licensed operator and distributor of natural gas in Peninsular Malaysia starts selling at market prices, beginning 2013.

Its managing director and chief executive officer (CEO) Datuk Muhamad Noor Hamid said the market price will apply to the additional 110 million metric British thermal units (mmBtu) of gas it will purchase from Petroliam Nasional Bhd (Petronas) with 40mmBtu to be stepped up 2013, 30mmBtu in 2014 and 40mmBtu in 2015.

“The 40mmbtu step up volume has almost been fully committed,” he told reporters after Gas Malaysia’s listing ceremony in Kuala Lumpur yesterday.

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This entry was posted on Sunday, July 15th, 2012 at 6:00 am and is filed under Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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