Cover Story: A gas pipeline’s costly malfunction

Dateline 2020-02-27, The Edge:

SUPPLY disruptions” in the commodities sector, which included a decline in crude oil and natural gas production, were named by the central bank as one of the factors that caused Malaysia’s fourth quarter GDP reading to come in way below expectations. GDP for the quarter would have been 4.3% instead of 3.6% had it not been for the disruptions, Bank Negara Malaysia said.

Growth in the mining sector contracted 2.5% year on year in 4Q2019, slower than the 4.3% contraction registered in 3Q2019, as output gradually recovered after major maintenance work in the previous quarter. Growth in natural gas output contracted as production was affected by temporary facility closures, according to Bank Negara’s quarterly bulletin for 4Q2019.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: