KUALA LUMPUR, 2 December 2021 – Gas Malaysia Energy and Services Sdn. Bhd. (GMES), a wholly owned subsidiary of Gas Malaysia Berhad has signed the Gas Sales Agreements (GSAs) with PETRONAS through its Marketing arm 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 an effort 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 2 December 2021, where PEGT was represented by its Chief Executive Officer,Khairuddin Khalik while GMES was represented by its Chief Executive Officer, Shahrir Shariff. Also present at the signing ceremony was the Group Chief Executive Officer of Gas Malaysia Berhad, Ahmad Hashimi Abdul Manap and Vice President of Gas & Power PETRONAS, Abdul Aziz Othman.
“Natural gas has played a crucial role in powering Malaysia’s economy for decades, and its accessibility had promoted the country’s fuel substitution to cleaner energy sources, increased energy security and drive the nation’s socio-economic progress. We look forward to further collaboration with GMES as we transition towards low carbon economy. Through this partnership, it also shows the commitment and necessary steps we are taking towards embracing the full market liberalization in 2022” said Khairuddin Khalik.
“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 concluded.
