Gas Malaysia commences its virtual pipeline business

Next, Gas Malaysia will accept payment in bitcoins.

Dateline 2017-04-21, The Edge:

Gas Malaysia Bhd through its subsidiary Gas Malaysia IEV Sdn Bhd (GMIEV) has formally commenced its virtual pipeline business following the officiation of its compressed natural gas mother station in Gebeng, Pahang.

GMIEV is a joint venture company incorporated in 2014 between Gas Malaysia — a member of MMC Corp Bhd — and IEV Energy Sdn Bhd. It was created to supply compressed natural gas to customers that are currently not served by Gas Malaysia’s natural gas distribution system network.

In a statement today, Gas Malaysia chairman Datuk Hasni Harun said the company has started to gradually create new demand for natural gas, opening up new avenues of business opportunity.

 “At present, we have commenced supply to our first customer in Pekan, Pahang,” he said.

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