August 22, 2017
Dateline 2017-07-14, The Star:
Gas Malaysia Bhd has revised up the natural gas tariff for Peninsular Malaysia’s non-power sector to an average base tariff of RM28.05 per MMBtu (one million British thermal units).
However, a government subsidy will lead to lower effective tariff rates for all tariff categories for the period from July 1 to Dec 31, 2017, compared with the existing rates.
In a filing with Bursa Malaysia, the gas distributor said the Government, through the Energy Commission, had approved on Friday for Gas Malaysia to effect the revision for the six-month period.
The Government has prescribed the incentive based regulation (IBR) framework, which sets the base tariffs for a period of three years from January 2017 and allows changes in the gas costs to be passed through via the Gas Cost Pass Through (GCPT) mechanism every six months.
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Posted by Wata
August 13, 2016
Dateline 2016-07-04, Asia Review:
Gas Malaysia, partly owned by infrastructure company MMC Corp., is raising natural gas tariff in a move that analysts say will spare utilities from higher costs but may weigh on earnings of manufacturers which uses gas as an input.
The average gas tariff for heavy consumers and commercial users will rise by 6.0% to 27.05 ringgit per one million British thermal unit from July 15, Gas Malaysia said in a stock exchange filing. Selling prices for most residential customers meanwhile remained unchanged.
The increase in the piped-gas tariff will be “positive” in generating cash for national oil and gas producer Petroliam Nasional, or Petronas, while the impact on state-run power producer
Tenaga Nasional is “likely to be neutral,” said Fitch Ratings.
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Posted by Wata
June 12, 2016
Dateline 2016-05-23, NST:
Consumers in Malaysia are set to enjoy competitive pricing and efficient services in gas supply, thanks to the Gas Supply (Amendment) Bill 2016 passed by the Dewan Rakyat today.
The amendment is set to enhance competition with the participation of third parties in the gas supply industry by implementing Third Party Access (TPA).
Minister in the Prime Minister’s Department Datuk Seri Abdul Wahid Omar, in winding up debate on the bill, said the gas supply industry is currently monopolised by existing industry players such as Petronas Gas Bhd and Gas Malaysia Bhd.
“Currently, the only party which supplies gas through pipeline transmission is Petronas, the nation’s natural gas producer which sells gas to other parties such as Gas Malaysia Bhd.
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Posted by Wata
December 5, 2015
Dateline 2015-10-26, The Sun:
The implementation of the incentive-based regulation framework (IBR) by Gas Malaysia Bhd will take effect on Jan 1, 2016.
The IBR is a form of economic regulation aimed at incentivising Gas Malaysia for better operational and financial performance, whilst regulating the natural gas tariff.
In support of the liberalisation of the natural gas industry, which is to gradually align current piped gas towards market prices, the IBR is introduced to promote efficient resources allocation and usage, and sustainable financial performance, Gas Malaysia said.
With respect to its implementation, the IBR will first be on a trial run in 2016, following which the first regulatory period will run for the next three years from 2017 until 2019.
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Posted by Wata
November 14, 2015
Dateline 2015-10-12, Malaysian Reserve:
Gas Malaysia-IEV Sdn Bhd (GMIEV), a subsidiary of Gas Malaysia Bhd, recently held a groundbreaking ceremony to mark the start of the construction of its compressed natural gas (CNG) station in Gebeng in Kuantan, Pahang.
The project will allow GMIEV to offer a complete value chain of mobile gas solutions; from processing of gas into CNG to transportation and distribution to end-users.
GMIEV will purchase natural gas from Gas Malaysia and will maintain and operate the compression, transportation and pressure regulating unit which are key components of the virtual pipeline.
When completed, the CNG station will be able to deliver compressed gas to customers within a 200km radius of Gebeng.
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Posted by Wata
October 10, 2015
Dateline Sept 11, NST:
Gas prices shall remain until the next revision at the end of the year. Despite falling fuel prices in the world market, gas supplied in Malaysia is still below world market price of around RM40 per mmbtu (million British thermal units), said Energy, Green Technology and Water Minister Datuk Seri Dr Maximus Ongkili.
Gas is still being subsidised by the government, the minister said at the sidelines of International Greentech & Eco Products Exhibition & Conference Malaysia (IGEM) 2015 held here today.
Gas Malaysia Bhd, Malaysia’s supplier of natural gas had, since July 2015, raised tariffs by an average of 10.3 per cent for the fuel supplied to commercial and industrial sectors.
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Posted by Wata
August 15, 2015
Dateline 2015-06-23, Barron’s:
“Keep it simple, stupid” has been the catch-cry of investment legends like Warren Buffett and Peter Lynch.
These heavyweights of investment lore have opined on the attractiveness of businesses that offer simple, easy to understand business models that provide a clear picture of how revenues and profits are generated. One of Buffett’s rules is that if you can’t understand what a company does after five minutes, then move on.
It appears Gas Malaysia (GASMSIA.MY) has taken that sage advice on board. The distributor of natural gas in peninsula Malaysia has made the job for analysts very simple,with a new regulatory regime for the pricing of natural gas providing share price prognosticators much clearer visibility on the stock’s earnings.
Coming to grips with regulatory regimes for utility stocks can be deathly boring. And Gas Malaysia is no different. However, understanding the company’s plans to adopt a so-called incentive-based regime (IBR) helps explain why there has been a round of earnings upgrades and ratings changes for a stock that has fallen 21% this year compared to a 2% decline in the Kuala Lumpur Composite Index.
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Posted by Wata
June 2, 2015
Interesting… (while stroking white cat). My next venture.
Dateline 2015-04-28, The Star:
Gas Malaysia Bhd has partnered with Sime Darby Offshore Engineering Sdn Bhd to undertake a biogas compressed natural gas distribution business extracted from the palm oil mill effluent.
In a statement to Bursa Malaysia on Tuesday, Gas Malaysia said the joint venture would involve the provision of the sale, supply and transportation of BioCNG to customers and carrying out of the design, construction, installation, commissioning and operation of pressure regulating unit at each customer’s premises.
Gas Malaysia said the tie-up was formed as both parties seek to optimize the combined strengths of each partner.
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Posted by Wata
January 20, 2015
Dateline 2014-11-12, NST:
GAS Malaysia Bhd’s net profit jumped 16.5 per cent to RM53.8 million in the third quarter ended September 30 from a year ago, due to higher gas sales and the upward revision of natural gas tariff.
Revenue for the quarter also grew significantly by 25.8 per cent to RM734.4 million, said the natural gas distributor in a filing to Bursa Malaysia yesterday.
For the nine-month period, net profit rose 9.9 per cent to RM144.3 million, while revenue jumped 16.3 per cent to RM1.99 billion, also due to higher volume of gas sold and the higher natural gas tariff.
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Posted by Wata
June 13, 2014
Which Bane we talking about? Classic Bane? Movie Bane?
Dateline 2014-04-19, The Star:
A potential squeeze on its margins from the recent hike in gas tariffs may unsettle investors of Gas Malaysia Bhd, at least until it clears the air.
In the meantime, analysts have had to do a bit of guesswork on whether the higher gas prices will work in Gas Malaysia’s favour.
The company announced two weeks ago that it had secured the Government’s approval to raise the tariff for natural gas to the non-power sector in Peninsula Malaysia by an average of RM3.24/mmbtu, or 20%, to RM19.32/mmbtu from RM16.07/mmbtu, effective May 1.
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Posted by Wata
Wata - Malaysian Oil and Gas Engineer 