Gas Malaysia announces new natural gas tariff hike

KUALA LUMPUR: Gas Malaysia Bhd has been directed to implement the new average base tariff for the utilisation of the natural gas distribution system (NGDS) under the Incentive-Based Regulation (IBR) framework.

In a filing with Bursa Malaysia, Gas Malaysia said the directive was issued via a letter from the Energy Commission dated March 31.

“With the adjustment to the base average tariff, the allowed average tariff for Gas Malaysia Distribution Sdn Bhd (GMD) for the period from April 1 to Dec 31 is RM2.05/MMBtu. Meanwhile, the approved surcharge to GMD’s tariff, remains at RM0.62/MMBtu for the same period,” Gas Malaysia said.

The tariff applicable for each type of utilisation of the NGDS for the period from April 1- Dec 31 is as follows:

“Gas Malaysia wishes to clarify that the tariff approval is not applicable to the sale of liquefied petroleum gas supplied in gas cylinder or in bulk supply,” it said.

Gas Malaysia added that the distribution tariff revision would continue to contribute positively towards the financial position of the company for the financial year ending Dec 31.