Petrolife, Petronas Energy ink 5-year natural gas sale agreement

KUALA LUMPUR: Petrolife Aero Sdn Bhd has inked a gas sale agreement (GSA) with Petronas Energy & Gas Trading Sdn Bhd (PEGT) for the supply of natural gas.

Under the GSA, PEGT will provide natural gas supply to Petrolife for a five-year period beginning Jan 1, 2022.

Petrolife, in a statement, said the agreement cemented its position as one of several shippers of natural gas in Malaysia, following the full liberalisation of the non-power sector natural gas market under the Third-Party Access (TPA) mechanism from 2022 onwards.

Petrolife managing director Datuk Mohd Aqliff Shane said the agreement signified its commitment to providing a secure supply of natural gas to industrial customers.

“It is our long-time commitment of Petrolife to support the TPA mechanism and the natural gas industry liberalisation. Natural gas is the cleanest fossil fuel and the best source of energy as the world transitions into renewable energy. By encouraging the use of natural gas, we are aligning the industries with the Government’s net-zero carbon ambition while ensuring greater economic growth,” he said.

PEGT chief executive officer Mohd Khairuddin Khalik said: “With this new partnership, PEGT and Petrolife will continue to supply natural gas to domestic users via flexible energy solutions and competitive pricing whilst aspire to pursue more collaboration in near future.”