Here’s a sign that PETRONAS is definite that there will not be enough local gas production offshore Peninsular Malaysia. And hopefully, our solution is to get gas from East Malaysia. But is it still uneconomical to pipe the gas, rather than convert to LNG, stuff into carriers and ship to the Peninsular?
Or, is this a ploy to increase MISC’s worth? Supply your comments here.
Taken from The Star, dateline 2010-04-12:
AS part of an effort to address the rising demand for gas amid a diminishing natural gas supply in Peninsular Malaysia, it has been revealed that a new LNG (liquefied natural gas) regassification plant will soon be built.
Analysts who attended a recent briefing session with PETRONAS Gas Bhd learnt of the plan from its managing director, Samsuddin Miskon.
No formal announcement about the plan has been made yet by parent company Petroliam Nasional Bhd (PETRONAS), but it is understood that the main reason for the regassification plant is to ensure the continuity of gas supply in the peninsula.
How does that equation come about?
Well, the regassification plant will enable PETRONAS Gas to take in more gas supply from third parties as the capacity to convert liquefied gas into gas for end- users will be enhanced.
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