Competitive local natural gas prices by 2019


Dateline 2018-01-03, Borneo Post Online:

Natural gas prices are likely to be more competitive by 2019 in the local market with the participation of more industry players following the introduction, last year, of a Third Party Access (TPA) mechanism, says the Malaysian Gas Association (MGA).

Secretary-General Rosman Hamzah said the TPA, introduced in January 2017, was aimed at opening the gas supply market to third parties including foreign companies, to sell gas to any consumer in Malaysia on a willing buyer-willing seller basis.

“With more market players involved, they will be able to increase competitiveness in the industry and hence, pull natural gas prices lower,” he told Bernama.

However, Rosman explained that despite the anticipation of lower gas prices, its movement was very much tied to the movement of crude oil prices.

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