Malaysian gas market expects liberalisation in 2022

Malaysian Gas Association (MGA) president Hazli Sham Kassim said that in transition towards a fully liberalised gas market, it is imperative that all parties, including policymakers, regulators, industry players and customers, understand the liquefied natural gas (LNG) market and its dynamics, including the different factors influencing pricing and contracts.

KUALA LUMPUR: The Malaysian gas market is expected to be fully liberalised in 2022, when the remaining regulated gas tariff ends on Dec 31,2021, said Malaysian Gas Association (MGA) president Hazli Sham Kassim.

He said that in transition towards a fully liberalised gas market, it is imperative that all parties, including policymakers, regulators, industry players and customers, understand the liquefied natural gas (LNG) market and its dynamics, including the different factors influencing pricing and contracts.

Besides, it is also imperative for market players to understand the policymakers’ perspective and aspirations on the gas market.

“Representing the entire value chain of the natural gas industry, MGA plays an influential role as the lead advocate in promoting a sustainable future for the Malaysian gas industry. Malaysia is on the course to transition towards a vibrant and sustainable gas market when it is finally fully liberalised. MGA envisions a liberalised gas market environment where gas is traded on a willing-buyer and willing-seller market basis and on a level playing field, ” he said in a statement. ─ Bernama