Dateline 2015-05-12, TMI:
Petronas Gas Bhd’s pre-tax profit rose to RM571.29 million for the first quarter ended March 31, 2015 from RM543.21 million recorded in the same period last year.
Revenue increased to RM1.1 billion from RM1.05 billion.
In a filing to Bursa Malaysia, Petronas Gas attributed the better performance to higher gas transportation and gas processing revenues, which recorded an improvement of RM26.1 million and RM21.5 million, respectively.
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Posted by Wata
PETRONAS being chatty as usual. Insiders, any insight?
Dateline 2014-06-19, The Star:
An employee of a contractor undertaking repairs at Petronas Gas Bhd’s plant in Kertih, Terengganu succumbed to his injury following an accident there on Wednesday night.
Petronas Gas said on Thursday an accident occurred at 11.15pm on Wednesday at its facility near the gas processing plant 4.
It said it was extending all necessary assistance to the family members of the victim.
“Currently, the company is working with the relevant authorities to establish the cause of the accident,” it said.
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Posted by Wata
Does The Edge website purposely make it had to use the c-C and c-V commands?
Dateline 2014-02-10, The Edge:
Petronas Gas Bhd (PetGas)’s net profit jumped 33% year-on-year (y-o-y) to RM394 million in the fourth quarter ended Dec 31, 2013, from RM295 million in the fourth quarter of 2012.
Revenue also rose 13% y-o-y to RM1.028 billion, from RM909 million.
The company proposed a final dividend of 40 sen per ordinary share under a single tier system for the financial year ended Dec 31, 2013. This amounts to RM791 million.
In a statement to Bursa Malaysia, PetGas said the profit increase was in line with the increase in revenue. In addition, there was higher other income and share of profit from associate and joint ventures.
The firm also said its larger profit was due to lower tax expense resulting from a change in deferred tax estimates. This came on the back of a lower future statutory tax rate.
PetGas said its revenue increase was largely due to regasification revenue. This followed commencement of the LNG Regasification Terminal operations in the second quarter last year and higher gas transportation revenue.
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Dateline 2012-05-21:
Gas Malaysia Bhd, which expects to raise RM734.45 million from its initial public offering (IPO) on June 11, will spend about RM130 million to RM140 million this year to expand its natural gas pipeline network.
Its managing director Datuk Muhamad Noor Hamid said the capital expenditure (capex) will be used to build a 70km to 90km natural gas pipeline in addition to its existing 1,800km network in Peninsular Malaysia. A couple of this pipeline will be built to connect new areas such as Padang Terap (Kedah) and Chuping (Perlis).
“For subsequent years, the capex will taper down to RM40 million to RM30 million per year,” he told a news conference after the launch of its prospectus on Friday.
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And why would share prices go down? Plant has not been taken offline, we don’t have another supplier of gas…
Dateline 2012-05-11:
Petronas Gas Bhd (PGB)’s share price remained flat at RM17.28 at the end of the morning session today despite the fire at its gas processing plant (GPP) in Kerteh, Terengganu.
The stock hovered between RM17.18 and RM17.28 throughout the morning session.
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3 Comments | business opportunity, Malaysia, oil and gas | Tagged: GPP, Petronas, petronas gas, stock | Permalink
Posted by Wata
Dateline 2012-05-10:
Petronas Gas Bhd recorded net profit of RM333.4mil for its quarter ended March 31, 2012.
Revenue was at RM914.8mil. (There were no financial comparisons due to the changes in financial year from March 31 to Dec 31, effective from the financial period ended Dec 31, 2011).
In filings with Bursa Malaysia, the group said its earnings would remain stable as a result of the fixed fee structure under the Gas Processing and Transmission Agreement.
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Dateline 2012-02-23:
Malaysian state oil firm Petroliam National Bhd (Petronas) has inked a more than 80 billion Malaysian ringgit ($26.4 billion) deal extending the supply of gas to Gas Malaysia Bhd for another 10 years.
The new supply agreement, which has the option to extend for another five years, is one of the requirements for Gas Malaysia to list on the local bourse this year, a source close to the deal told Reuters on Thursday.
“The value of the 10-year contract is worth more than 80 billion ringgit,” the source said, declining to be named due to the sensitivity of the contract value.
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Dateline 2012-02-22:
Petronas Gas Bhd’s revenue for the quarter ended Dec 31, 2011 stood at RM921.2 million, an increase of RM28.5 million as compared to the corresponding quarter previous year.
In a filing to Bursa Malaysia, the company said the increase was mainly due to higher gas processing revenue and utilities sales.
The group’s revenue for the nine-month period ended Dec 31, 2011 was RM2,765.1 million, an increase by RM131.3 million as compared to corresponding year-to-date mainly due to higher gas processing revenue and utilities sales
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And this is the latest article where the BeC fire is mentioned:
Dateline 2011-01-21:
OSK Research has warned that Petronas Gas Bhd’s profits for the second half of its financial year ending March 31, 2011 (FY11) were unlikely to match its stellar first-half performance as a result of the Bekok C gas platform fire, offshore Terengganu, in December.
Due to the loss of some 5% of gas supply from Bekok which would affect its gas processing and transmission revenue as well as revenue from extracting propane and butane, OSK Research cut its net profit forecast for Petronas Gas by 0.4% for FY11, 3% for FY12 and 1.4% for FY13, which in turn reduced its target price slightly to RM13.54 from RM13.65.
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Leave a Comment » | investment, Malaysia, oil and gas | Tagged: BeC, petronas gas | Permalink
Posted by Wata
A new skill to pick up fast. LNG importing and regasification will be important to the Semenanjung soon. I guess we’ll see a new influx of foreign engineers (Japanese?) to run the show. Or since MMC claims that PGB is its subsidiary, will we see them calling the shots? BTW, why is the Petronas Gas site a .com site, not a .com.my one?
Dateline 2010-07-23:
Petronas Gas expects to complete a study on the proposed construction of Malaysia’s first liquefied natural gas import terminal before the end of the 2010.
Chairman Wan Zulkiflee Wan Ariffin said the installed capacity of the plant is about 3.5 million tonnes (139 million cubic feet) per annum.
Petronas Gas is open to the possiblity of any third party, other than Petronas, which wanted to bring in gas into the country to meet shortage in supply, Wan Zulkiflee told reporters.
1 Comment | business opportunity, engineering, Malaysia, oil and gas | Tagged: Melaka, petronas gas | Permalink
Posted by Wata
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Wata - Malaysian Oil and Gas Engineer 