Woo hoo!
Dateline 2012-06-04:
Petronas is urging Putrajaya to stop gas subsidies, saying today the mechanism hampered transparency and dampened demand for investment.
Tan Sri Shamsul Azhar Abbas, the chief executive of the state oil company, said in his opening address at the World Gas Conference here today that countries with large gas reserves kept rates low to promote economic growth but heavy subsidies ultimately led to energy inefficiency.
“I believe gas prices should be left to be determined by market forces,” he said at the forum that drew 4,500 gas industry professionals from around the world.
“Industry players will have the flexibility to manage their own risks, work to deliver security of supply and meet demand at market prices.”
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Posted by Wata 
Wata - Malaysian Oil and Gas Engineer 