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.
November 30, 2018
Dateline 2018-10-03, The Edge:
A clearer policy by the new Pakatan Harapan government on the country’s energy mix and market pricing for the gas industry is needed, said players in the gas supply chain.
Malaysian Gas Association (MGA) president Hazli Sham Kassim said while there are existing policies in place, more clarity is needed to encourage more investments into the industry.
“We hope to see a clearer policy stance on the energy mix, which will make it easier for our members to plan their investments. For example, there are still international companies reluctant to invest in the gas industry in the peninsula because they are not sure of the market conditions,” Hazli told a media briefing yesterday.
He said this is especially the case as usage of coal increases, potentially reducing gas usage.
“As far as the gas industry in Malaysia is concerned, it is under pressure because of coal production which is expected to increase, [and] of which gas usage is also expected to decline.”
February 13, 2018
Dateline 2018-01-03, Borneo Post Online:
Natural gas prices are likely to be more competitive by 2019 in the local market with the participation of more industry players following the introduction, last year, of a Third Party Access (TPA) mechanism, says the Malaysian Gas Association (MGA).
Secretary-General Rosman Hamzah said the TPA, introduced in January 2017, was aimed at opening the gas supply market to third parties including foreign companies, to sell gas to any consumer in Malaysia on a willing buyer-willing seller basis.
“With more market players involved, they will be able to increase competitiveness in the industry and hence, pull natural gas prices lower,” he told Bernama.
However, Rosman explained that despite the anticipation of lower gas prices, its movement was very much tied to the movement of crude oil prices.