PetGas registers quarterly earnings of RM485mil

CEO Abdul Aziz said the group will focus on opportunities for growth and value creation.

KUALA LUMPUR: Petronas Gas Bhd’s (PetGas) performance in 2023 is expected to remain healthy on the back of stable-earnings contracts and sustained operational excellence despite facing operating cost headwinds.

The company, however, acknowledged gas price movements could impact its full-year result while currency translation exposure has been reduced through the full early settlement made on the lease liabilities for floating storage units at the liquified natural gas (LNG) regasification terminal at Sungai Udang, Melaka.