February 11, 2022
A bit of history.
Dateline 2021-07-02, Malaysian Reserve:
GAS Malaysia Energy and Services Sdn Bhd (GMES), a wholly owned subsidiary of Gas Malaysia Bhd has signed the gas sales agreements (GSAs) with Petroliam Nasional Bhd (Petronas) through Petronas Energy & Gas Trading Sdn Bhd (PEGT).
The deal is a continuation of a long-term supply of natural gas from PEGT to GMES in to support the supply security of energy in Malaysia, provide social and economic growth, as well as contribute to the success of gas market liberalisation.
The GSAs were formalised on Dec 2, 2021, where PEGT was represented by its CEO Khairuddin Khalik, while GMES was represented by CEO Shahrir Shariff.
April 16, 2021
Dateline 2021-03-31, The Star:
Gas Malaysia Bhd has been directed to implement the new average base tariff for the utilisation of the natural gas distribution system (NGDS) under the Incentive-Based Regulation (IBR) framework.
In a filing with Bursa Malaysia, Gas Malaysia said the directive was issued via a letter from the Energy Commission dated March 31.
“With the adjustment to the base average tariff, the allowed average tariff for Gas Malaysia Distribution Sdn Bhd (GMD) for the period from April 1 to Dec 31 is RM2.05/MMBtu. Meanwhile, the approved surcharge to GMD’s tariff, remains at RM0.62/MMBtu for the same period,” Gas Malaysia said.
September 8, 2020
Dateline 2020-07-14, The Edge:
LAST Tuesday, Gas Malaysia Bhd (GMB) released the access arrangement document for its gas distribution pipelines as part of the requirement to allow the implementation of the third-party access (TPA) regime in the Peninsular Malaysia gas market.
The document, approved by the Energy Commission (EC), was released by the natural gas distributor on its website.
The distribution access arrangement has been long awaited. It is one of the key pieces of the puzzle for allowing customers utilising the distribution pipelines to buy gas from their supplier of choice on a willing-buyer, willing-seller basis under the TPA regime, which was scheduled to commence at the start of the year.
Together with the EC-approved distribution base tariffs, the two components are required by third-party gas shippers to evaluate the costs and risks involved in using the infrastructure before approaching end consumers.
October 8, 2019
Dateline 2019-08-23, The Edge:
About 77 percent of Perak’s natural gas pipeline project, which stretches for 140 km from Ayer Tawar, Manjung to Lembah Kinta has been completed, and is expected to be ready by the middle of next year.
Gas Malaysia Bhd chief executive officer Ahmad Hashimi Abdul Manap said so far, six factories in Perak had benefited from the project.
“We hope to get up to 40 industry customers. The most important thing is the completion of the project,” he told a press conference during a visit to Nihon Canpack (M) Sdn Bhd’s factory here, today.
August 27, 2019
Dateline 2019-07-12, The Edge:
Gas Malaysia Bhd will raise average natural gas base tariff for the non-power sector in Peninsular Malaysia to RM32.74 per million British thermal units (MMBtu) for the period of July 15 to Dec 31, 2019, from RM32.69 per MMBtu currently.
A surcharge of RM1.92/MMBtu will apply to all tariff categories under the gas cost pass-through (GCPT) mechanism, Gas Malaysia said in an exchange filing today.
January 28, 2019
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.
August 28, 2018
I think S&P’s auto copy articles could do with some work.
Dateline 2018-06-21, S&P Global:
The Malaysian Iron and Steel Industry Federation has asked the government to maintain natural gas prices at the current level for about three years, it said Wednesday.
Gas Malaysia said on June 13 it would raise the price of natural gas to MR32.69/MMBtu ($8.15/MMBtu) from MR32.52/MMBtu currently from July 1 to December 31.
August 24, 2018
Dateline 2018-06-18, The Sun Daily:
The Federation of Malaysian Manufacturers (FMM) is urging the government to maintain electricity tariffs until Dec 31, 2020 and accord the Social Security Organisation (Socso) with the responsibility of managing funds collected under the Employment Insurance System (EIS), which is now under review.
Last week, Gas Malaysia Bhd announced that the average effective natural gas tariff for the non-power sector in Peninsular Malaysia will be increased by 17 sen or 0.5% to RM32.69/MMBtu for the period of July 1 to Dec 31, 2018 from RM32.52/MMBtu for the period of Jan 1 to June 30, 2018. The move has kindled concerns that electricity tariff rates will be hiked.
“While FMM is steadfast in its commitment towards energy subsidy rationalisation and although the 0.5% increase is lower than the previous period’s 22.97%, it is nevertheless still an increase in energy costs,” it said in a statement today.
Following that, FMM hopes that the new government will uphold the past Cabinet’s decision, announced on December 26, 2017, to maintain current electricity tariff rates in Peninsular Malaysia for Jan 1, 2018 up to Dec 31, 2020, in a bid to help relieve the energy cost burden on the manufacturing sector as well as to benefit the rakyat as household consumers.
August 19, 2018
Dateline 2018-06-13, The Star:
Businesses and high-end condominiums which receive natural gas through the pipe system will have to pay more under a scheduled increase with effect from July 1.
Gas Malaysia said on Wednesday these customers will have to pay higher tariffs after it imposes the surcharge of 77 sen, raising the tariff to RM23.80 per one million British Thermal Units (BTU).
The incentive based regulation (IBR) framework sets the base tariff for a regulatory period of three years from January 2017.
The company said it had received the go-ahead from the Energy Commission to raise the surcharge under the mechanism for the tariffs following the global increase in gas prices.
The IBR allows changes in the gas costs to be passed through via the Gas Cost Pass Through (GCPT) mechanism every six months.
July 15, 2018
Dateline 2018-06-13, The Sun:
Gas Malaysia Bhd has announced a higher average effective natural gas tariff for the non-power sector in Peninsular Malaysia at RM32.69/MMBtu from July 1 to Dec 31, 2018, 17 sen or 0.5% higher than the RM32.52/MMBtu from Jan 1 to June 30, 2018.
It said in a filing with the stock exchange that the average natural gas base tariff is set at RM31.92/MMBtu for the second half of the year. However, under the gas cost pass through (GCPT) mechanism, a surcharge of 77 sen/MMBtu will apply to all tariff categories due to the higher actual gas costs against the reference gas costs in the base tariff.
The natural gas tariff revision was approved by the government via a letter from the Energy Commission dated June 12.
For Category A (Residential), the effective tariff rate, however, fell 0.5% to RM23.80/MMBtu from RM23.92/MMBtu. For the other categories, the effective tariff rate will range from RM30.50/MMBtu to RM33.32/MMBtu.