Gas prices go up 20% for industries

May 27, 2014

Dateline 2014-04-15, Malaysia Chronicle,

Gas Malaysia Bhd has revised the natural gas tarriff for the non-power sector in Peninsula Malaysia with effect from May 1, 2014, a move likely to court further criticism from industries which had balked at the increase in electricity tariff earlier this year.

Last Friday, Gas Malaysia announced that gas prices would go up an average RM3.25 per million British thermal unit (MMBtu) for industries.

Those residential and retail commercial segments using an average annual gas consumption of 600 MMBtu and less got a reprieve from a tariff increase. It will also not apply to Liquefied Petroleum Gas (LPG) and Natural Gas for Vehicle (NGV).

Those with an average annual consumption of 601 MMBtu and above however will see an average increase of about 20% from RM16.45 MMBtu to RM19.32 MMBtu.

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Gas Malaysia, MMC unit agree on gas distribution project

April 17, 2014

Enigma is right. Who?

Dateline 2014-03-14, The Star:

 Gas Malaysia Bhd and MMC Corporation Bhd‘s unit Enigma Harmoni Sdn Bhd have agreed on the terms for the gas distribution pipeline project.

According to Gas Malaysia on Friday, the terms included the construction of the pipeline and other works for the supply of natural gas to Enigma Harmoni.

Enigma Harmoni is a unit of Senai Airport Terminal Services Sdn Bhd, which in turn is a unit of MMC. MMC also holds 30.93% of Gas Malaysia.

The estimated infrastructure cost is RM4.40mil. The project is slated for completion by Nov 30 this year.

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‘Add’ call maintained for Gas Malaysia stock

February 5, 2014

Dateline 2013-12-13, The Star:

CIMB Investment Bank is maintaining its “add” call on the stock following the Government’s move to raise the price for subsidised gas used by the power sector by 10.9% or RM1.50 to RM15.20 per million metric British thermal unit (mmbtu),

At the same time, the Government has introduced the liquefied natural gas price of RM41.68/mmbtu for gas volumes above 1,000 million standard cu ft per day (mmscfd) consumed by Tenaga Nasional Bhd. This led to an increase in the average electricity tariff in Peninsular Malaysia.

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CIMB Research maintains Outperform on Gas Malaysia

December 6, 2013

Dateline 2013-10-07, The Star:

 CIMB Research has maintained its Ourperform call on Gas Malaysia with a raised target price of RM4.39 as the research house favours its positive outlook, underpinned by a stable gas supply and stable margins moving forward.

“We like Gas Malaysia for its stable earnings outlook and protected margins. Its revenue growth will be underpinned by the sales volume increase from additional customers,” it said on Monday.

CIMB said Gas Malaysia has secured customers for 100% of the additional gas volumes in 2013-2014.

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IEM Shout Out – Technical Visit To Gas Malaysia Berhad

June 18, 2013

This is a shout out for the IEM. My Technical Division will be visiting Gas Malaysia Berhad, No.5 Jalan Serendah 26/17, Shah Alam, Selangor on Tuesday 25th June, 2013.

Gas Malaysia is a natural gas distribution company in Malaysia. The company headquarters is located in Shah Alam. It has three regional offices, located in Prai, Gebeng and Pasir Gudang, and seven branch offices located throughout Peninsular Malaysia.

The company was incorporated on 16 May 1992 to construct and operate the natural gas distribution system within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas.
As of July 2005, the company had 452 industrial customers, more than 600 commercial customers and over 3,000 residential customers.As of February 2011, Gas Malaysia had 33,707 residential and commercial customers as well as 691 industrial customers. In 2010, total gas sold by Gas Malaysia was 117.8 million British thermal unit throughout Peninsular Malaysia. As of February 2011, its network of gas pipelines covered a total of 1,726.6 kilometers (1,072.9 mi)

Register for this event here. Download the brochure here.

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IEM Shout Out – Technical Visit To Gas Malaysia Berhad

June 10, 2013

This is a shout out for the IEM. My Technical Division will be visiting Gas Malaysia Berhad, No.5 Jalan Serendah 26/17, Shah Alam, Selangor on Tuesday 25th June, 2013.

Gas Malaysia is a natural gas distribution company in Malaysia. The company headquarters is located in Shah Alam. It has three regional offices, located in Prai, Gebeng and Pasir Gudang, and seven branch offices located throughout Peninsular Malaysia.

The company was incorporated on 16 May 1992 to construct and operate the natural gas distribution system within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas.
As of July 2005, the company had 452 industrial customers, more than 600 commercial customers and over 3,000 residential customers.As of February 2011, Gas Malaysia had 33,707 residential and commercial customers as well as 691 industrial customers. In 2010, total gas sold by Gas Malaysia was 117.8 million British thermal unit throughout Peninsular Malaysia. As of February 2011, its network of gas pipelines covered a total of 1,726.6 kilometers (1,072.9 mi)

Register for this event here. Download the brochure here.

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Gas M’sia clients agree to new terms

May 4, 2013

Dateline 2013-04-19 from The Star:

 Gas Malaysia Bhd customers have agreed to the new gas sales agreement (GSA) terms, reflecting a win-win situation for both parties, according toMaybank IB Research.

“Both have (in principle) agreed to give and take on several pertinent clauses.

“Among others, the new GSA (which advocates discipline in capacity booking, usage and efficiency) would still have a take-or-pay (TOP) mechanism, but with flexibility in place.

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Gas Malaysia’s FY13, FY14 net earnings to grow 10pc

January 23, 2013

C’mon, use up that gas, cook more.

Dateline 2013-01-14:

Gas Malaysia Bhd is expected to register 10 per cent and seven per cent net earnings growth in financial years 2013 and 2014 respectively, supported by larger gas supply from Petronas, said HwangDBS Vickers Research.

In a note, the research firm noted there will be further upside in the future, driven by rising gas demand and Petronas’ ongoing efforts to import more liquefied natural gas into Malaysia.

Peninsular Malaysia accounts for approximately 90 per cent of the nation’s natural gas consumption.

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Glove makers object to Gas Malaysia’s gas supply proposal

January 6, 2013

I guess we’ll have problems with rubber gloves of all sizes and shapes.

Dateline 2012-12-21:

Malaysian rubber glove makers have objected to the proposed gas supply agreement presented by Gas Malaysia Bhd, saying it is “grossly unfair, not practical and very one-sided”.

In a statement today, the Malaysian Rubber Glove Manufacturers Association (MARGMA) is calling for its members not to sign any new agreement, but to seek for deferment and to consult their lawyers.

“The clauses such as “take or pay”, daily minimum or maximum surcharges on excess gas, over run and variance are not only unfair but highly impossible to practise,” its president Lim Kwee Shyan said.

“Such clauses are deemed to be detrimental to all Malaysian industries that depend on natural gas supply, glove industry included. The question to ask is how to monitor the daily and hourly limit operationally to avoid those surcharges.”

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Affin raises Gas Malaysia target price

November 27, 2012

Regasification plays an important factor in this one.

Dateline 2012-11-12:

Affin Investment Bank raised its target price on Gas Malaysia Bhd shares to RM3 from RM2.80 as the company has secured customers to take up all the additional gas supply for 2013 and 2014 financial years.
About 25 percent extra gas supply kicks in after Petronas Gas starts up its regasification plant in central Malaysia by end-January 2013, Affin said, helping Gas Malaysia lift revenue growth by 8.8 percent for both financial years.
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