Gas Malaysia to implement IBR

PETALING JAYA: The Government will introduce an incentive-based regulation (IBR) framework for the natural gas sector, which affects Gas Malaysia Bhd, from Jan 1, 2016.

In a filing with Bursa Malaysia, Gas Malaysia said the IBR would be on a trial run period in 2016, following which the first regulatory period would run for the next three years. The IBR is a form of economic regulation aimed at incentivising Gas Malaysia for better operational and financial performance, while regulating the natural gas tariff.