floating regasification unit was commissioned at the port of Kaliningrad.

streams. MIDF Research in a report said PetGas’ gas transportation and regasification business segments

gas processing, gas transportation, and regasification segments in relation to depreciation

regasification facilities. The 12MP targets to see a reduction in greenhouse gas emissions, with the

European countries have snapped up floating storage and regasification units( FSRUs) as they ramp up LNG

PETALING JAYA: The one-off Cukai Makmur or prosperity tax dragged down Petronas Gas Bhd’s( PetGas) net profit in the fourth quarter ended Dec 31, 2021, which fell by over 10% year-on-year( y-o-y). The natural gas distribution company, whose net profit fell to RM452. 63mil from RM503. 35mil in the previous corresponding quarter, said it had incurred a higher deferred tax expense to account for the Cukai Makmur in 2022.In the latest fourth-quarter period, PetGas’ bottom line was also impacted by h

KUALA LUMPUR: Petronas Gas Bhd( PGB) is allocating a slightly higher capital expenditure( capex) of RM1.4 billion for the financial year ending Dec 31, 2022( FY22) compared to RM1.2 billion in FY21. Managing director/ chief executive officer Abdul Aziz Othman said PGB is expecting more maintenance work in FY22 as the country transitions into the endemic phase." We also expect to see more progress in the growth projects that we announced last year," he told a virtual press conference after PGB's

The gas infrastructure and utilities company said in a bourse filing it recorded unrealised foreign exchange loss of RM10. 4mil relating to the translation of US dollar-denominated assets and liabilities, in contrast to a gain of RM84. 3mil in the same quarter in 2020.... The board of directors declared a third interim dividend of 18 sen per share going ex on Dec 6, 2021, and payable on Dec 20, 2021.... In the quarter under review, the group reported revenue of RM1. 43bil, which was a 1.4% inc

KUALA LUMPUR: The South-East Asian region continues to face challenges in finding a balance between energy security, affordability and sustainability, as the need to expand clean and reliable energy access in the region remains critically important, Bernama reportedMalaysian Gas Association president, Abdul Aziz Othman said even though the region has achieved more than 90% electricity penetration, about 60 million people still lacked access to electricity.“ Meanwhile, an estimated 230 million pe

KUALA LUMPUR: Local gas demand from the non-power sector is expected to increase post-COVID-19 when local industries return to peak operation, said Petronas Gas Bhd( PGB). Chairman Adnan Zainol Abidin said the increase in demand would be supported by the availability of upstream pipeline gas supply as well as liquefied natural gas imports." PGB foresees that gas demand will gradually increase with the phasing down of coal plants for electricity generation that will be replaced by new gas plants.