MGA welcomes industry’s first third-party LNG cargo

December 10, 2019

Dateline 2019-10-10, Hellenic Shipping News:

The Malaysian Gas Association (MGA), the nation’s lead advocate for the local gas industry, welcomed the delivery of the first third party liquefied natural gas (LNG) cargo, a testament that the natural gas market reforms in Malaysia remain on track to ensure sustainability of the industry.

The regasification terminal at Sungai Udang in Melaka received the cargo on October 7, – the first since the Third Party Access (TPA) came into force, said MGA in a statement today.

It said the first third party LNG cargo proved that Malaysia is on course to a transition towards a vibrant and sustainable gas market.

“Efforts must also be focused on increasing demand for gas within the country. Higher demand will create more opportunities for third party to enter the market and spur investment to develop upstream indigenous gas that will further strengthen the long-term security of supply.

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Applications for licences under TPA being processed

March 18, 2018

Darn it, I missed the boat.

Dateline 2018-02-04, The Sun Daily:

The Energy Commission (EC) has processed two liquefied natural gas (LNG) import licences and three shipping licences under the third party access (TPA) system which comes into effect on Jan 16, 2018.

Director of Gas Development and Regulation Roslee Esman said another firmed application for both LNG import and shipping licences was expected to be submitted in the third quarter.

Meanwhile, the TPA for natural gas is a system that makes it possible for third parties to access gas facilities that they do not own or operate.

Roslee said the Gas Supply Act (Amendment) 2016 and the introduction of the TPA provided more opportunities for industry players to participate.

“The EC encourages more suppliers (LNG import and shipping licensees) to apply for the licence but the market can be considered as being competitive once two or more shipping licensees participate in the market,” he told Bernama.

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Third Party Access system no threat to Petronas Gas, says Kenanga Research

March 6, 2018

Dateline 2018-01-16, The Sun:

Kenanga Research is of the view that the Third Party Access (TPA) system, which took effect yesterday, will not be a drag on Petronas Gas Bhd’s (PetGas) earnings, given that the company is purely a transporter and processor and is not involved in gas supply.

In any case, the research house said, TPA will only affect PetGas’ parent company, Petroliam Nasional Bhd (Petronas) and Gas Malaysia Bhd.

On Monday, PetGas announced that the Energy Commission had confirmed the current tariff for the Peninsular Gas Utilisation System, Regasification Terminal Sungai Udang and Regasification Terminal Pengerang will be maintained until the end of this year.

At the same time, the company said it is in full compliance with the technical and operational provisions of the TPA system, which allows any party to have access to gas facilities available.

Kenanga Research said the news was not a surprise, given the management indication earlier that the new tariff structure is likely to be delayed as the authority needs more time to come out with a feasible framework to ensure the stability of the fee structure.

The share price of PetGas has suffered since early last year, going from above RM21 to a 52-week low of RM15.82 before recovering to the current level of RM19. Kenanga Research said this was because the market was anticipating a severe cut in tariff, which will dampen PetGas’ earnings.

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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.

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