Gas Malaysia teams up with Tokyo Gas to invest in Asean

KUALA LUMPUR: Gas Malaysia Bhd has teamed up with Tokyo Gas Co. Ltd to scout for new investments in natural gas in Asean except Vietnam.

Gas Malaysia said on Thursday it had inked an MoU with Tokyo Gas – Japan's largest provider of city gas – to cooperate and collaborate in any new investments in the development of natural gas value chain in the region.

Under the MoU, the scope includes developing the natural gas chain in technical and commercial information and collaborative investments in new projects.

Tokyo Gas is an indirect major shareholder of Gas Malaysia via its 80% stake in Tokyo Gas-Mitsui & Co Holdings Sdn Bhd which in turn holds an 18.5% stake in Gas Malaysia.