LNG trial cargo a new milestone for gas market reform -MGA

KUALA LUMPUR, Oct 3 (Bernama) --  The agreement between Tenaga Nasional Bhd and Shell Malaysia Trading Sdn Bhd for a liquefied natural gas (LNG) trial cargo is an important milestone in the gas market reforms, said Malaysian Gas Association (MGA).

The cargo is scheduled to be delivered next week, it said in a statement today, adding that the agreement was the first to be signed since the Third Party Access (TPA) system was introduced in 2017.

According to MGA, Malaysia implemented the TPA under the Gas Supply (Amendment) Act 2016, which allows third parties to access gas infrastructure such as the Regasification Terminals (RGT) as well as the transmission and distribution pipelines.

Under the TPA system, new gas suppliers can bring LNG into the country via the RGT and ship their gas to their buyers using the existing Peninsular Gas Utilisation transmission and natural gas distribution pipelines.

Similarly, it also allows large gas users to purchase their own LNG from any source and subsequently use the same gas infrastructure to bring the gas to their facilities.

The system allows gas suppliers to mix and match service offerings so that they meet the exact requirements of the consumers, it said.

“This maiden third party LNG importation and supply of gas is an important and significant milestone for gas price liberalisation.

“It proves that with the right pricing signal from the domestic market, third parties can enter to offer competitive sourcing options and validates the policy of staying the course on gas market liberalisation,” it added.



    Other News

Serba Dinamik secures RM1.47 bln ICT project in Abu Dhabi

KUALA LUMPUR, Aug 6 -- Serba Dinamik Holdings Bhd's wholly-owned subsidiary, Serba Dinamik International Ltd (SDIL), has received and accepted a letter of award from Future Digital Data Systems LLC (FDDS) to undertake the engineering, procurement, construction and completion of a data centre and its related facilities, infrastructure, and landscaping in the United Arab Emirates (UAE).

Petronas withdraws appeal against High Court dismissal of judicial review over imposition of SST

PUTRAJAYA, Aug 3  -- Petroliam Nasional Berhad (Petronas) today withdrew its appeal against the Kuching High Court's ruling that Sarawak is entitled to collect sales tax on petroleum products.

UCT to set up manufacturing facility in Batu Kawan

KUALA LUMPUR, July 30 -- Ultra Clean Holdings Inc (UCT), a US NASDAQ-listed developer and supplier of critical subsystems, ultrahigh purity cleaning and analytical services primarily for the semiconductor industry, will be setting up a 300,000 square foot manufacturing facility in the Batu Kawan Industrial Park, Penang.

    Main Sponsor


© 2020 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, ]
Product/Service Enquiries [ +603-2050 4466, ]