Gas Malaysia announces new natural gas tariff hike

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.