PETALING JAYA: CGSCIMB said the coming plans to liberalise the gas market in Malaysia under the country’s Economic Transformation Programme (ETP) could affect Petronas Gas Bhd
’s (PetGas) regasification and transportation divisions.
The research house cited Petronas Gas, which it had met, as saying that the regulator may be using book value as the regulated asset base (RAB) under the Third Party Access (TPA) system, instead of the presently used depreciated replacement cost (DRC).
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