From the Star – Gas Malaysia eyes Bursa listing this year

January 13, 2011

Wasn’t Gas Malaysia listed on the Bursa already? Or were they listed but taken private again?

Taken from the Star, dateline 2011-01-12:

KUALA LUMPUR: Gas Malaysia Sdn Bhd, a company that distributes natural gas to households and industries, is said to be eyeing a listing on Bursa Malaysia this year but that idea has not yet received the full backing of all of its shareholders.

It is learnt that the other shareholders are deciding on whether to green-light a listing but no decision has yet been made.

In a report by OSK Research, it said MMC Corp Bhd during the OSK Asean Corporate Day on Jan 6 in Singapore revealed that it hoped to list Gas Malaysia in 2011. MMC currently owns 41.8% of Gas Malaysia but controls it as a subsidiary.

…

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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From the Star – Gas M’sia gets new PETRONAS deal

July 27, 2010

Please, can someone tell PETRONAS to sell gas at market rates to industries in Malaysia? That’ll teach us a lesson to take our resources for granted.

And Why exactly is MMC making the announcement, not Gas Malaysia?

From the Star, dateline 2010-07-13:

MMC Corp Bhd said its 41.8%-owned subsidiary Gas Malaysia Sdn Bhd has signed a second supplemental gas supply agreement with Petroliam Nasional Bhd (Petronas) for an additional supply of 82 million standard cu ft per day (mmscfd) natural gas from the latter.

Gas Malaysia had last August secured a long-term supply of 300 mmscfd from PETRONAS.

“The additional supply of the 82 mmscfd natural gas shall be effective until Dec 31, 2011,” it told Bursa Malaysia.

You can subscribe to an online version of the paper at the Bluehyppo site, follow links to e-browse.

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Thoughts on the Price of Petrol

December 13, 2008

As of today (11th Dec, 2008), the price of petrol in Malaysia is RM1.90/liter. Even though this seems good in the face of things, I can’t help but wonder on some topics:

  • Did you notice that the price of natural gas hasn’t changed? If you are going to follow market forces in pricing petrol, why not gas? Is it because gas consumers has more political clout and more to lose if the current low market price for gas goes up? Or is it because the average man in his Produa doesn’t know about it.
  • For comparison, the EIA site has the price of natural gas as USD $5.686 per MMBtu for January 2009. From Gas Malaysia’s tariff site, the cost of gas ranges from RM19.18/mmBtu to RM28.29/mmBtu. That’s $5.38 to $7.93, converted.
  • The low petrol price means that the people’s focus moves away from  improvement of public conveniences, and back towards getting to work in the relative comfort of private vehicles. I believe that engineers, esp the Institution of Engineers, could have done more faster to improve the lot of the commuter, and recruit more converts to communal travel.
  • Low petrol prices means low crude oil prices, which puts my job in jeopardy. But hey, nothing I can do about it except be more diligent in seeking worthwhile jobs.

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Gas Prices – The Continuing Saga

July 18, 2008

News on the gas prices. Extracting from The Star:

From July 1, industries using more than two million cu ft of gas a day will enjoy a 70% discount on the market price of gas, now at RM79 per million British thermal unit (mmmbtu).

Under this new structure, industries using more than two million cu ft of gas a day will enjoy the new price of RM23.88 per mmmbtu, down from RM32.56 per mmmbtu, which was to have been effective this month.

Those using less than two million cu ft a day, including 8,887 households that have gas piped directly to their homes, will enjoy a price of RM22.06 per mmmbtu beginning Aug.

 I wonder if the Independent Power Producers (IPPs) had anything to do with this?

Barracuda Shoal

Barracuda Shoal

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