December 10, 2019
Dateline 2019-10-10, Hellenic Shipping News:
The Malaysian Gas Association (MGA), the nation’s lead advocate for the local gas industry, welcomed the delivery of the first third party liquefied natural gas (LNG) cargo, a testament that the natural gas market reforms in Malaysia remain on track to ensure sustainability of the industry.
The regasification terminal at Sungai Udang in Melaka received the cargo on October 7, – the first since the Third Party Access (TPA) came into force, said MGA in a statement today.
It said the first third party LNG cargo proved that Malaysia is on course to a transition towards a vibrant and sustainable gas market.
“Efforts must also be focused on increasing demand for gas within the country. Higher demand will create more opportunities for third party to enter the market and spur investment to develop upstream indigenous gas that will further strengthen the long-term security of supply.
August 9, 2019
Dateline 2019-06-27, The Star:
Malaysia is moving closer towards opening up its natural gas market to spur competition and demand.
Petroliam Nasional Bhd (Petronas) executive vice-president and CEO for gas and new energy Adif Zulkifli said Malaysia was just one price review away from achieving market-based gas pricing this year.
“If this happens, it would truly be a game-changer as our gas reforms move towards market liberalisation,” he said during his speech at the Malaysian Gas Symposium (MyGas) 2019 here, organised by the Malaysian Gas Association (MGA).
May 4, 2019
Dateline 2019-03-27, NST:
Malaysian Gas Association (MGA) says local natural gas price adjustments cannot go in line with fluctuating spot liquefied natural gas (LNG) prices.
This is because they are subject to long-term contracts with large industrial customers.
MGA said in Malaysia, the contracts offer them certainty in terms of managing their operations, with the natural gas price adjustments predicted beforehand.
It said the current global LNG prices are low as a result of a temporary imbalance in the supply-demand equilibrium.
“For now, Asian spot LNG prices have fallen because of oversupply given the new supply capacity in the United States and Australia, coupled by weakening demand owing to a milder-than-expected winter.
“Historically, such temporary imbalances are generally restored within a short time which will then increase the spot LNG prices,” it said in a statement.
April 27, 2019
Dateline 2019-03-15, Bornoe Post:
With the Ministry of Energy, Science, Technology, Environment and Climate Change’s (MESTECC) recent focus on expanding the contribution of renewables sources to the power sector, the Malaysian Gas Association (MGA) strongly advocates the increasingly important role that natural gas plays globally in transitioning to a sustainable energy mix and how Malaysia can emulate this to ensure the nation’s energy sustainability.
With MESTECC’s 2019 Initiatives striving to achieve 20 per cent renewable energy capacity mix and eight per cent savings through energy efficiency by 2025, the inherent properties of natural gas as the cleanest burning fossil fuel, makes it the perfect partner to achieve these targets.
December 23, 2018
Dateline 2018-11-05, The Star:
AIMING to create a broader understanding of the natural gas industry and the importance of Health, Safety and Environment (HSE) aspects among university students, Malaysian Gas Association (MGA) held its annual Practical Environmental, Safety & Industrial Guidance for Student Engineers (Prestige) programme in Sabah recently.
December 2, 2018
Dateline 2018-10-09, Borneo Post:
In support of the government’s efforts to achieve Malaysia’s COP21 targets, the Malaysian Gas Association (MGA) is advocating for the expanded use of natural gas, a clean, efficient and cost-effective fuel, to reduce the country’s carbon emissions and drive social, environmental and economic progress.
Malaysia’s natural gas industry reported a cumulative contribution to the nation’s gross domestic product (GDP) amounting to 4.2 per cent, comprising of domestic sales of natural gas at US$2.45 billion and exports in the form of liquified natural gas (LNG) valued at US$10.56 billion in 2015.
Commenting on the industry, MGA president Hazli Sham Kassim said that given that natural gas is the cleanest burning fossil fuel, the association believes natural gas can play a prominent role in ensuring the country achieves its COP21 promise by supporting the expansion of renewable energy while simultaneously driving Malaysia’s economic progress.