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KUALA LUMPUR: Petronas Gas Bhd (PetGas) has raised its capital expenditure (capex) to up to RM1.3bil for the financial year ending Dec 31,2021 (FY21) from RM1.1bil last year on the back of new growth projects and pick-up in activities.
KUALA LUMPUR: Petronas Gas Bhd (PetGas) will be constructing and installing a 42-km long gas pipeline costing RM541mil which links from its existing Peninsular Gas Utilisation (PGU) II to a power plant in Pulau Indah, Selangor.
CIMB Equities Research downgrades Petronas Gas from Outperform to Neutral and keeps Gas Malaysia as an Outperform.
Sabah Energy Corporation Sdn Bhd is subscribing for a stake in Petronas Gas Bhd's unit which will undertake the construction and development of the LNG regasification facilities in Lahad Datu, Sabah.
KUALA LUMPUR: Kenanga Research maintained its Outperform call on Petronas Gas Bhd as it expects the upcoming Third Party Access (TPA) framework to have a neutral impact to the group as it does not impact the public, directly given that it deals only with businesses.