‘Falling gas prices more of a threat’


Dateline 2017-01-13, NST:

Lower gas price is a bigger threat to Malaysia’s economic fundamentals than weaker oil prices in the long term, said an expert. Employees Provident Fund head of economics and capital markets Nurhisham Hussein said Malaysia, being a net exporter of gas, was exposed to tighter competition in the global market, which could jeopardise the country’s trade value. “The global gas market competition continues to get tighter with the United States having just started supplying gas last year at a more competitive price. “We are also in competition with Qatar and Australia, among others. Buyers now have the power to negotiate for lower prices,” he said at the International Fund Forum 2017, here, yesterday. The one-day forum was organised by the Securities Commission Malaysia (SC)

 

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