Dateline 2014-11-26, Natural Gas Daily:
Already an established force in the LNG export market, Malaysia has started to turn some of its attention inward as it attempts to reform its domestic gas sector by increasing supply competition and phasing out regulated pricing.
State-owned Petronas has been the dominant player in Malaysia’s upstream and downstream sectors for nearly 40 years, but the government is working on amendments to the Gas Supply Act that would allow third-party access to Peninsular Malaysia’s supply infrastructure – including its new LNG terminals.
In addition, the government is planning to phase out regulated gas pricing, eventually leading to fully market-based prices that it hopes will encourage further investment in new supplies and promote greater efficiency.
Both issues are part of Malaysia’s broader ambition to liberalise its domestic gas market, which the government believes is critical to the country’s long-term energy and economic security – despite its ample gas reserves.
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Wata - Malaysian Oil and Gas Engineer 