Big LNG boost for Malaysia

PETALING JAYA: Malaysia and its national oil company Petroliam Nasional Bhd (Petronas) are expected to benefit from the recent spike in the price of gas.

The Asian liquefied natural gas (LNG) spot price has been rallying over the past two months and soared more than 18 times to a record high of US$32.50 per million British thermal units (mmBtu) from the April 2020 low of US$2.40 due to the unusually cold winter in North Asia and Europe, as well as unexpected supply issues.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Petronas , LNG , Shan Saeed , lower cost , lower emission


Next In Business News

US private payrolls beat expectations in May
Ringgit marginally lower amid economic uncertainties
Westports replaces Inari as FBM KLCI constituent
Bursa Malaysia ends lower on sluggish momentum
Bursa Malaysia closed on June 5 for King's birthday
Meta Bright proposes diversification into leasing of machineries, equipment
Velesto Energy secures RM50mil well-drilling contract
Heng Huat Resources changes name to HHRG
Oil rises on potential US rate hike pause, debt bill passing
Elon Musk met with Chinese Vice Premier Ding in Beijing -source

Others Also Read