KUALA LUMPUR: Gas Malaysia Bhd has set the average natural gas selling price for the distribution segment for the third quarter of July 1 to Sept 30 at RM30.03 per metric million British thermal unit (MMBtu) for Peninsular Malaysia.
This is an increase of RM3.18 from the RM26.85/MMBtu in the second quarter from April 1 to June 30.
The average natural gas selling price of RM30.03 includes the transportation tariff of RM1.19 per MMBtu, the legacy gas cost pass through of 62 sen per MMBtu and distribution tariff of RM2.05 per MMBtu as previously approved by Suruhanjaya Tenaga.
In a filing with Bursa Malaysia on Friday, Gas Malaysia said this revised selling price does not apply to the sale of natural gas for natural gas vehicle and liquefied petroleum gas supplied in gas cylinders or in bulk.
“The selling price revision will continue to contribute positively towards the financial position of the company for the financial year ending Dec 31, 2021, ” it said.