News

PetGas allocates RM1.2 bln for capex this year



KUALA LUMPUR, May 2 (Bernama) -- Petronas Gas Bhd (PetGas) is allocating RM1.2 billion for capital expenditure (capex) for maintenance, statutory requirements inspections and digitalisation efforts this year.

Managing director/chief executive officer Kamal Bahrin Ahmad said the high capex is necessitated by the statutory inspection of plants which take place once every three to five years.

"Normally, it takes about RM300 million to RM400 million to sustain the reliability and productivity of the plants," he told reporters after the company's annual general meeting here Tuesday.

He said three plants are scheduled to undergo statutory inspections while two others need minor maintenance.

He added that the capex would be mainly internally funded.

Meanwhile, PetGas chairman Datuk Mohd Anuar Taib said the company is taking advantage of the regulation imposed by the International Maritime Organisation which puts a limit on sulfur content in shipping fuel to promote the use of liquefied natural gas (LNG) in ships.

"We have a bunkering station in Pengerang and we hope this will generate future growth for Petronas Gas," he said.

On the Third Party Access (TPA) implementation, Mohd Anuar said no other companies are utilising the TPA to import LNG as local gas prices have yet to reach market parity.

"The gas price is still not at market parity yet and because of that, you are not seeing anybody else importing," he said, adding that companies may begin to use the TPA to import LNG in the future as the gap between local gas price and market price is narrowing.

-- BERNAMA





    Other News

Kerajaan akan lancar Dasar Tenaga Negara hujung bulan ini - Mustapa

KUALA LUMPUR, 9 Ogos (Bernama) -- Kerajaan akan melancarkan Dasar Tenaga Negara 2021-2040 pada hujung bulan ini untuk meningkatkan aliran pelaburan dan memajukan matlamat pembangunan mampan Malaysia, kata Menteri di Jabatan Perdana Menteri (Ekonomi) Datuk Seri Mustapa Mohamed.


Kumbahan mentah mampu hasil gas butanol, etanol

CYBERJAYA, 8 Ogos (Bernama) -- Kajian rintis di Loji Rawatan Kumbahan Cyberjaya mendapati setiap 15 liter kumbahan mentah mampu menghasilkan 15 peratus gas butanol dan 1.5 peratus etanol.


Malaysia berpotensi jadi hab pembuatan sel bahan api hidrogen - MAHE

KUALA LUMPUR, 4 Ogos  (Bernama) -- Malaysia berpotensi menjadi hab pembuatan sel bahan api hidrogen untuk aplikasi dalam mobiliti hidrogen dan sistem bekalan kuasa tanpa gangguan (UPS), kata Persatuan Tenaga Hidrogen Malaysia (MAHE).


    Main Sponsor


    Quotes



© 2022 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, portal@bernama.com ]