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Corporate News 15 May 2017 | 1:19 PM

TNB in power purchase dispute with PetGas-Yayasan Sabah JV

KUALA LUMPUR: The Sabah-based operations of Petronas Gas Bhd (PetGas) and Tenaga Nasional Bhd (TNB) are seeking arbitration in a dispute related to their 2012 power purchase agreement (PPA), with both seeking claims of more than RM80mil against each other.

Business 23 Jul 2011 | 12:00 AM

PetGas to raise funds for Kimanis plant

KUALA LUMPUR: Petronas Gas Bhd (PetGas) wants to raise RM1.2bil to finance its 300MW gas-fired Kimanis power plant in Sabah, through project financing while the balance will be through equity financing.

Corporate News 12 Aug 2016 | 4:11 PM

PetGas and Linde to undertake RM690mil ASU plant project in Johor

KUALA LUMPUR: Petronas Gas Bhd (PetGas) will partner with industrial gas manufacturer and distributor Linde (M) Sdn Bhd to develop an air separation unit (ASU) plant in Pengerang Integrated Complex (PIC), Johor, at a cost of US$172mil (RM689.7mil).

Business 26 Aug 2009 | 12:00 AM

Analysts cautious on PetGas earnings growth

PETALING JAYA:b/b>Analysts are cautious on the earnings growth potential of Petronas Gas Bhd (PetGas) going forward as the company negotiates a fourth gasb/b>processing transmission agreement (GPTA) with parent company Petroliam Nasional Bhd (Petronas), and as the group faces a weaker outlook in the natural gas sector amid higher operating costs.

Business 01 Nov 2018 | 12:00 AM

Earnings risks seen for PetGas from next year

PETALING JAYA: Despite its decent dividend yield, Petronas Gas Bhd’s (PetGas) earnings could come under pressure from next year onwards, says CIMB Research.

Business 07 Aug 2015 | 12:00 AM

PetGas forward earnings to normalise without tax allowance

PETALING JAYA: The share price of Petronas Gas Bhd (PetGas) fell almost 2% to RM22.10 despite rising earlier in the day after analysts said core earnings should improve on the back of higher utilities revenue, moving forward.

Business 31 Oct 2015 | 12:00 AM

PetGas earnings down on forex loss

PETALING JAYA: Petronas Gas Bhd (PetGas) recorded a 27% drop in net profit to RM304.98mil in the third quarter ended Sept 30, 2015, against RM418.63mil a year ago due to unrealised foreign exchange (forex) loss on finance lease liabilities.

Business 23 Jul 2010 | 12:00 AM

PetGas to complete study on LNG plant by year-end

KUALA LUMPUR: Petronas Gas Bhd (PetGas) hopes to conclude its study on setting up a new liquefied natural gas (LNG) regassification plant by year-end.

Business 16 May 2012 | 12:00 AM

PetGas' RM1bil LNG facility in Lahat Datu will begin ops in 2015

KUALA LUMPUR: Petronas Gas Bhd (PetGas) is on track to complete and start the operations of its Lahad Datu liquefied natural gas (LNG) terminal in 2015, said managing director and chief executive officer Samsudin Miskon.

Corporate News 26 Feb 2018 | 6:38 AM

PetGas posts RM486.7mil profit in Q4, proposes 19 sen dividend

KUALA LUMPUR: Petronas Gas Bhd (PetGas), which posted a 4.6% increase in net profit to RM486.69mil in the fourth quarter ended Dec 31, 2016, has declared a fourth interim dividend of 19 sen per share amounting to RM376mil.