Higher tariff bodes well for Gas Malaysia

Last week, Gas Malaysia Bhd had set the average natural gas selling price for the distribution segment of its unit Gas Malaysia Energy and Services Sdn Bhd at RM26.85 per million British thermal unit (MMBtu) for Q2’21 – representing a 21.3% or RM4.71/MMBtu quarter-on-quarter (q-o-q) increase.

PETALING JAYA: The higher gas tariff for the second quarter of 2021 (Q2’21) is positive for gas retailer Gas Malaysia Bhd, but may have some impact on industries.

Last week, Gas Malaysia Bhd had set the average natural gas selling price for the distribution segment of its unit Gas Malaysia Energy and Services Sdn Bhd at RM26.85 per million British thermal unit (MMBtu) for Q2’21 – representing a 21.3% or RM4.71/MMBtu quarter-on-quarter (q-o-q) increase.