Petronas Gas’ H2 outlook promising: HwangDBS

October 11, 2013

That’s because when gas is bought at market rates, the cost is passed on to the voters.

Dateline 2103-09-23, from Sin Chew Jit Poh:

HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Melaka Regas plant and larger gas capital expenditure.

“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.

The company was also poised to secure overseas ventures given its strong balance sheet, HwangDBS said.


Promising outlook for Petronas Gas in 2HY13, says HwangDBS

October 8, 2013

From the Malay Mail, dateline 2013-09-23:

HwangDBS Vickers Research, which maintained a buy call on Petronas Gas Bhd, expects a stronger second half this year led by the maiden contribution from the Malacca Regas plant and larger gas capital expenditure.

“We expect earnings to recover in the second half and management has guided for 3-5 per cent per annum earnings growth from the Regas plant, thus contributing to a promising outlook as Petronas planned to invest RM15 billion to find new gas to cater for the rising demand in Peninsular Malaysia,” it said in a research note today.


PETRONAS Gas sees brighter prospects from LNG regasification

October 6, 2013

From the Borneo Post, 2013-09-24:

Petronas Gas Bhd’s (Petronas Gas) prospects have been viewed as bright on the back of the commencement of its liquified natural gas (LNG) regasification terminal business in Melaka, Malaysia’s first LNG regasification terminal.

In addition, the group received a leg-up in its growth as the one-off investment tax allowance for its LNG regasification terminal business had more than doubled the group’s 2Q net profit.

Analyst Aaron Tan from the research arm of MIDF Amanah Investment Bank Bhd (MIDF Research) in a recent note, said stripping out its one-off tax allowance boost, Petronas Gas’ first half 2013 (1H13) grew at a modest 3.1 per cent year-on-year (y-o-y) while its core earnings shrank 9.9 per cent y-o-y to RM713.8 million.


Safety Moment – Clash of Utilities

September 4, 2013

What do you think of this?

  • Good point – LRT extension
  • Bad point – LRT right of way is above a PETRONAS Gas Berhad pipeline. As far as I can tell, there have been no warnings to residents what to do if the crap hits the fan, evacuation paths, contact numbers, Twitter accounts, offshore bank accounts…

With all the piling work, earthworks and heavy machinery in the near future, can you spell ‘disaster waiting to happen’?PGB_LRT_0002 PGB_LRT_0001


IEM Shout Out – Technical Visit To Gas Malaysia Berhad

June 18, 2013

This is a shout out for the IEM. My Technical Division will be visiting Gas Malaysia Berhad, No.5 Jalan Serendah 26/17, Shah Alam, Selangor on Tuesday 25th June, 2013.

Gas Malaysia is a natural gas distribution company in Malaysia. The company headquarters is located in Shah Alam. It has three regional offices, located in Prai, Gebeng and Pasir Gudang, and seven branch offices located throughout Peninsular Malaysia.

The company was incorporated on 16 May 1992 to construct and operate the natural gas distribution system within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas.
As of July 2005, the company had 452 industrial customers, more than 600 commercial customers and over 3,000 residential customers.As of February 2011, Gas Malaysia had 33,707 residential and commercial customers as well as 691 industrial customers. In 2010, total gas sold by Gas Malaysia was 117.8 million British thermal unit throughout Peninsular Malaysia. As of February 2011, its network of gas pipelines covered a total of 1,726.6 kilometers (1,072.9 mi)

Register for this event here. Download the brochure here.


IEM Shout Out – Technical Visit To Gas Malaysia Berhad

June 10, 2013

This is a shout out for the IEM. My Technical Division will be visiting Gas Malaysia Berhad, No.5 Jalan Serendah 26/17, Shah Alam, Selangor on Tuesday 25th June, 2013.

Gas Malaysia is a natural gas distribution company in Malaysia. The company headquarters is located in Shah Alam. It has three regional offices, located in Prai, Gebeng and Pasir Gudang, and seven branch offices located throughout Peninsular Malaysia.

The company was incorporated on 16 May 1992 to construct and operate the natural gas distribution system within Peninsular Malaysia. In December 2000, Gas Malaysia expanded its business to include the reticulated liquefied petroleum gas.
As of July 2005, the company had 452 industrial customers, more than 600 commercial customers and over 3,000 residential customers.As of February 2011, Gas Malaysia had 33,707 residential and commercial customers as well as 691 industrial customers. In 2010, total gas sold by Gas Malaysia was 117.8 million British thermal unit throughout Peninsular Malaysia. As of February 2011, its network of gas pipelines covered a total of 1,726.6 kilometers (1,072.9 mi)

Register for this event here. Download the brochure here.


Gas subsidy price delay could pose supply issue

June 7, 2013

Get a move on already, I want to bid for stuff in the TPA work packages.

From FMT, dateline 2013-05-20:

The delay in the government’s proposed rationalisation of its subsidy for gas is also holding back implementation of crucial initiatives that could jeopardise supply security.

Distributor Petronas Gas Bhd (Pet- Gas) chairman Datuk Anuar Ahmad said one of these crucial initiatives that is being held back by the rationalisation delay is the Petronas Third Party Access (TPA) system.

The TPA, which is to provide security of gas supply to Malaysia, is designed to function with third parties coming into the supply market and importing their gas through PetGas’ transportation service.


Petronas Gas net profit at RM333m

May 25, 2012

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.


Petronas proposes gas price mechanism

March 30, 2012

Dateline 2012-03-06:

Petroliam Nasional Bhd (Petronas) has proposed a pricing mechanism for natural gas once the regasification terminal in Melaka comes into operation in August.
“We have sat down with three [deputy ministers] a few weeks ago, and we proposed a review of the formula. It is now being brought to the Economic Council. So, we are waiting for that,” said president and CEO Datuk Shamsul Azhar Abbas at the national oil corporation’s financial results announcement yesterday.
The terminal will allow Petronas to import gas to make up for the current shortage. A pricing mechanism is necessary as currently Petronas’ supply of gas is heavily subsidised.
With the additional supply of imported gas, local prices will slowly rise to be on par with international market prices.


Petronas Gas Rises to Record on Gas Projects: Kuala Lumpur Mover

February 7, 2012

Dateline 2012-02-02:

Petronas Gas Bhd. surged to a record in Kuala Lumpur trading after the stock’s so-called fair value was raised at AMMB Holdings Bhd. to reflect rising demand for natural gas and the prospects of more gas plants in Malaysia.

Shares of the gas distributing arm of state oil company Petroliam Nasional Bhd., or Petronas, jumped as much as 12 percent to 17.50 ringgit, the highest intraday price on record. They traded at 16.06 ringgit at the 12:30 p.m. local time break. Petronas Gas is the third-best performer on the benchmark FTSE Bursa Malaysia KLCI Index today.