Gas Malaysia to allocate up to RM1.4bil for capex to build 800km of pipelines

SHAH ALAM: Gas Malaysia Bhd (Gas Malaysia) will allocate between RM1.2 billion and RM1.4 billion for capital expenditure to build up to 800 kilometres (km) of gas pipelines in Peninsular Malaysia in the next five years.

Its group chief executive officer Ahmad Hashimi Abdul Manap said despite the introduction of renewable energy, the company believes natural gas will still be relevant for a long time as this fuel emits lower carbon dioxide compared to other fossil fuels.