From The Star – Late gas disruption notice upsets firms

April 10, 2011

Can anyone explain why there was a “late notice” to PETRONAS’s customers?

Dateline 2011-03-25:

The Federation of Malaysian Manufacturers (FMM) says Petronas’ natural gas upstream facilities shutdown will lead to several manufacturing companies having to reduce their gas consumption significantly from March 30 to April 12 and April 29 to May 10.

While FMM said the significant reduction of gas supply to both the power sector and manufacturers was unavoidable due to the necessity in carrying out major maintenance work at the upstream facilities, the late notification has caused anxiety among manufacturers and uncertainty for companies that have orders to meet.

…

You can subscribe to an online version of the paper at the e-browse site.

Leave a Comment » | engineering, Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

From Bernama – Petronas Gas Earnings Outlook Revised Upwards

February 26, 2011

Dateline 2011-02-23:

PETRONAS Gas Bhd’s (PTG) earnings outlook has been revised upwards by a number of research houses after it posted better- than-expected earnings for the nine months ended Dec 31, 2010.

It reported a jump in pre-tax profit to RM1.549 billion for the nine-month period under review from RM966.287 million in the same period in 2009, while revenue rose to RM2.633 billion from RM2.419 billion.

MIDF Research revised PTG’s earnings forecast for financial year (FY) 2011 and FY12 upwards by 10.5 per cent and 7.4 per cent, respectively.

…

Leave a Comment » | Malaysia, oil and gas | Tagged: , | Permalink
Posted by Wata

From Bernama: MITI And EPU Working On Gas Supply Issues

July 22, 2010

I think allowing market forces to determine the price of gas would go a long way to addressing the issue. ‘Course, that would me we would want to sell all our gas to Singapore or Thailand, but what’s a powerless, air conditionless dark night between citizens?

From Bernama, dateline 2010-07-14:

The Ministry of International Trade and Industry (MITI) together with the Economic Planning Unit (EPU) will be putting up a joint paper to address the gas supply issue, its minister Datuk Seri Mustapa Mohamed said Tuesday.

“We are engaging with the EPU on the gas issue. We know that many industries are dependent on gas. We understand the problems, they want some certainty and transparency in terms of supply,” he told reporters after a dialogue session with players from the chemicals and petrochemicals industry here.

Mustapa said MITI was working with EPU to come up with a proposal that would update the Cabinet on two issues, namely the current gas supply situation in Malaysia and to resolve the short-term problems.

…

Leave a Comment » | engineering, investment, Malaysia | Tagged: , , , | Permalink
Posted by Wata

Next Entries »