Petronas Gas boosted by robust regasification segment


Dateline 2013-11-02, Borneo Post:

Petronas Gas Bhd (Petronas Gas) saw a boost in its earnings driven by the recognition of deferred tax assets arising from an investment tax allowance granted for its liquefied natural gas  (LNG) regasification terminal in Melaka.

In addition, the company is expected to be the biggest beneficiary of rising gas demand as the additional gas volume will pass through its Peninsular Gas Utilisation (PGU) pipeline.

Analyst June Ng from HwangDBS Vickers Research Sdn Bhd (HwangDBS Research) said that the earnings boost from Melaka regasification plant was driven by higher gas transportation revenue and contribution.

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This entry was posted on Sunday, December 29th, 2013 at 6:00 am and is filed under investment, Malaysia. 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.

2 Responses to Petronas Gas boosted by robust regasification segment

  1. mohammad ramlan bin Abdul kasim says:
    December 8, 2014 at 3:43 pm

    I want a job..

    Reply

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