LEGALLY SPEAKING Overview of laws governing oil and gas sector in Malaysia


Of course, the PETRONAS interpretation is the binding one.

Dateline 2015-01-05, The Sun Daily:

The recent decline in global fuel prices has resulted in the Malaysian government scrapping fuel subsidies for petrol and diesel from Dec 1, 2014. In view of the recent developments, it is timely to have an insight into the oil and gas laws in Malaysia.
The oil and gas industry is generally divided into upstream, midstream and downstream activities. Upstream activities consist of exploration, development and production of oil and gas resources. Midstream and downstream activities range from the transportation of oil and gas, to refining and processing through to marketing and trading of end products.

Malaysia Oil & Gas Regulatory Framework

The principal legislations which form the foundation of the development of the oil and gas industry in Malaysia are the Petroleum Development Act 1974 (PDA), the Petroleum Regulations 1974 (Petroleum Regulations) and the Gas Supply Act 1993 (GSA). The PDA applies to all activities in the value chain of the oil and gas industry in Malaysia, except for the supply of gas through the pipelines to consumers, which is regulated by the GSA.

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This entry was posted on Friday, March 13th, 2015 at 6:08 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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