by TMR / pic credit: gasmalaysia.com
GAS Malaysia Energy and Services Sdn Bhd (GMES), a wholly owned subsidiary of Gas Malaysia Bhd has signed the gas sales agreements (GSAs) with Petroliam Nasional Bhd (Petronas) through Petronas Energy & Gas Trading Sdn Bhd (PEGT).
The deal is a continuation of a long-term supply of natural gas from PEGT to GMES in to support the supply security of energy in Malaysia, provide social and economic growth, as well as contribute to the success of gas market liberalisation.
The GSAs were formalised on Dec 2, 2021, where PEGT was represented by its CEO Khairuddin Khalik, while GMES was represented by CEO Shahrir Shariff.
“Natural gas has played a crucial role in powering Malaysia’s economy for decades, and its accessibility has promoted the country’s fuel substitution to cleaner energy sources, increased energy security and driven the nation’s socio-economic progress.
“We look forward to further collaboration with GMES as we transition towards a low carbon economy. Through this partnership, it also shows the commitment and necessary steps we are taking towards embracing full market liberalisation in 2022,” Khairuddin said.
Also present at the signing ceremony was Gas Malaysia group CEO Ahmad Hashimi Abdul Manap and Gas and Power Petronas VP Abdul Aziz Othman.
“Many business establishments are now shifting towards cleaner energy alternatives to move towards a low-carbon future.
We remain optimistic that our long-term growth is likely to be driven by natural gas playing a pivotal role in bridging the nation’s energy transition towards cleaner energy.
“As we journey on, we seek to encourage the use of natural gas as a cleaner energy alternative and will continue to bring value to our customers through the array of services that we have to offer,” Ahmad Hashimi said.