Gas Malaysia gets EC’s nod for higher natural gas tariff for non-power sector

Dateline 2018-12-27, The Star:

Natural gas distributor Gas Malaysia Bhd has announced that the Energy Commission has approved higher natural gas tariff for the non-power sector in Peninsular Malaysia, from Jan 1 to June 30.

While the higher tariff would be a boon for Gas Malaysia, businesses in Peninsular Malaysia should brace for higher cost of operations.

Higher gas tariff would increase cost for energy-reliant industries such as the iron and steel, rubber gloves and chemical-based industries.

In a filing with Bursa Malaysia yesterday, Gas Malaysia said the average natural gas base tariff would increase to RM32.69 per one million British thermal units (MMBtu) from the current price of RM31.92 per MMBtu for the first half of 2019.

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