Cheaper gas in the offing

TheStar Sat, Jul 20, 2019 09:05am - 4 years View Original


AS the sale of gas to local industry enters a mature phase of liberalisation, third parties intending to break into the scene are confident of making an impact.

This, in turn, is good news to industry players who welcome the development as it will ultimately lead to more competitive pricing for their raw materials.

To recap, historically, only Petroliam Nasional Bhd (Petronas) has been allowed to supply gas to industries in Malaysia, using the distribution channels or pipelines of Petronas Gas Bhd and Gas Malaysia Bhd .

Gas prices have also been fixed by the government, requiring a subsidy to be provided in order to boost local industries with the ultimate supplier, Petronas, having to absorb the subsidy cost.

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