“Management does not rule out the possibility of supplying natural gas to gas-fired power plants and new industrial parks in the medium term, ” CGS-CIMB Research said.
PETALING JAYA: Petronas Gas Bhd
(PetGas) is emerging as a potential environmental, social and governance (ESG) rotation play, according to CGS-CIMB Research.
This comes as PetGas is poised to benefit from potentially higher natural gas usage as more coal-fired power plants retire from the grid system and the ESG trend gains traction.
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