KUALA LUMPUR: The National Gas Roadmap is currently being finalised and is scheduled to be launched this year, says Economy Minister Datuk Seri Rafizi Ramli.
He explained that the plan aims to boost the domestic gas value chain, as Malaysia needs to import more liquefied natural gas (LNG) due to declining gas production in the peninsula market.
“When more companies venture into gas trading and import LNG for supply, Petroliam Nasional Bhd (PETRONAS) and the country are better off in several ways,” he said on his official X page yesterday.
Rafizi said PETRONAS has the potential to earn additional income, as importing companies have to pay access fees to use PETRONAS’ gas infrastructure.
The risk of loss borne by PETRONAS, as the sole importer of LNG, is also reduced, while the security of gas supply has improved with the entry of more players into the industry.
“Finally, this move also opens up opportunities to attract new investments into the downstream gas industry.” — Bernama
