New term: PetGas’ liquefied natural gas regasification terminal in Sungai Udang, Melaka. PetGas has announced the second term of the gas processing agreement with its parent Petroliam Nasional Bhd.
PETALING JAYA: Several research houses have cut their earnings forecasts on Petronas Gas Bhd
(PetGas) following the announcement of lower tariffs for the group’s gas-based infrastructure assets.
AllianceDBS has cut its forecast on PetGas’ 2019 and 2020 earnings by 5%, while MIDF Research said it has reduced its earnings estimate on the company by 4.5% for this year to account for the expected lower revenue coming from both the gas transportation and regasification segments.
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