News

Uzma secures two licences from Energy Commission to import LNG

KUALA LUMPUR, Feb 17 -- Uzma Bhd, through its wholly-owned subsidiary Uzma Engineering Sdn Bhd has secured two licences from the Energy Commission to import liquefied natural gas (LNG) for regasification and a shipping licence to transport or distribute natural gas within Malaysia.

The licences were issued by virtue of the Gas Supply Act 1993 [Act 501] (as amended by the Gas Supply (Amendment) Act 2016) and will take effect on Feb 17, 2021 and valid for a period of 10 years.

Uzma group chief executive officer Datuk Kamarul Redzuan said the licences would enable the group to continue supporting the Malaysian energy sector and diversify its business further downstream. 

“Uzma Group is excited to embark on the new opportunity within the LNG space and to play a role in ensuring the country’s energy needs are met," he said in a statement today.

Uzma said the licences allowed the group to bring LNG into a regasification terminal into or within Malaysia by transhipment, and to transport or distribute natural gas via regasification terminal or pipelines to consumer premises within Malaysia under the Third-Party Access system.

The new business segment is part of Uzma’s five-year plan to broaden its earnings base and to build a healthy revenue mix of ongoing oil and gas upstream projects as well as a segment made up of stable and recurring revenue.  

-- BERNAMA

    Other News

Solarvest Akan Pasang Panel Fotovoltaik Solar Terbesar Di Malaysia Di Pusat Beli Belah 1 Utama

KUALA LUMPUR, 15 April (Bernama) -- Bandar Utama City Centre Sdn Bhd melantik anak syarikat Solarvest Holdings Bhd, Solarvest Energy Sdn Bhd, untuk memasang panel fotovoltaik (PV) solar terbesar di Malaysia dan panel PV bersepadu-bangunan di pusat beli-belah 1 Utama.

Verdant Solar Sasar 2,600 Pemasangan Panel Pada Tahun Ini - Ceo

Oleh Siti Radziah Hamzah

KUALA LUMPUR, 11 April (Bernama) -- Penyedia penyelesaian tenaga solar, Verdant Solar Sdn Bhd menyasarkan untuk menggandakan bilangan pemasangan panel solarnya kepada 2,600 pada tahun ini berbanding 1,300 pada 2023.

Aidilfitri: Orang Ramai Dinasihat Utamakan Keselamatan Elektrik Dan Gas - St

PUTRAJAYA, 8 April 2024 (Bernama) -- Orang ramai dinasihatkan supaya mengutamakan keselamatan elektrik dan gas menjelang sambutan Aidilfitri tidak lama lagi.