Gas Malaysia, Petronas Gas team up on potential Yan pipeline
KUALA LUMPUR: Gas Malaysia Bhd has signed a joint study and collaboration agreement with Petronas Gas Bhd (PetGas) to develop an onshore lateral pipeline to facilitate the regasification terminal project in Yan, Kedah.
KUALA LUMPUR: Gas Malaysia Bhd and Petronas Gas Bhd (PetGas) have entered into a joint study and collaboration agreement to develop an onshore lateral pipeline for the regasification terminal project in Yan, Kedah. The agreement outlines a framework for both companies to conduct a feasibility study and related activities for the proposed pipeline interconnection.
The study aims to evaluate the technical, operational, and commercial viability of the pipeline, covering engineering design, land acquisition, and other necessary assessments. The results will help Gas Malaysia decide on proceeding with the project and facilitate the necessary submission to the Energy Commission. Assuming a final investment decision is made and all required approvals are obtained, the project could contribute to Gas Malaysia's future earnings.
Following the agreement, Gas Malaysia's share price increased by two sen or 0.4% to close at RM5, valuing the company at RM6.42 billion.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
