Qatargas sends first LNG to Malaysia

September 13, 2013

Yeah, re-gas. Boo, Malaysia’s gas producers. Dateline 2013-07-26:

Qatargas Operating Company Limited announced has sold Qatar’s first cargo of Liquefied Natural Gas to Malaysia.
The cargo was sold to Petronas LNG Limited of Malaysia and was loaded on the LNG Vessel Seri Begawan at Ras Laffan Port. The cargo will be delivered to Malaysia’s first LNG receiving terminal located in Melaka. The conventional sized cargo contains approximately 3.1 trillion Btu of LNG.
Dr Mohammed bin Saleh Al Sada minister of Energy and Industry and chairman of the Board of Directors of Qatargas welcomed the cargo sale as another milestone in Qatar’s standing as a reliable international energy supplier.

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Affin raises Gas Malaysia target price

November 27, 2012

Regasification plays an important factor in this one.

Dateline 2012-11-12:

Affin Investment Bank raised its target price on Gas Malaysia Bhd shares to RM3 from RM2.80 as the company has secured customers to take up all the additional gas supply for 2013 and 2014 financial years.
About 25 percent extra gas supply kicks in after Petronas Gas starts up its regasification plant in central Malaysia by end-January 2013, Affin said, helping Gas Malaysia lift revenue growth by 8.8 percent for both financial years.
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