Thursday 15 December 2011

Tenaga in talks to buy gas: CEO

Tenaga Nasional Bhd, Malaysia’s biggest power producer, is in talks with Exxon Mobil Corp, Royal Dutch Shell Plc and others to buy gas, chief executive officer Che Khalib Mohamad Noh told reporters today in Kuala Lumpur.

Tenaga may report a fiscal first-quarter loss if it doesn’t receive compensation in time from the Malaysian government and its energy company Petroliam Nasional Bhd for disruptions in gas supply, the chief executive said.

The quarter may be “very challenging” unless this is resolved, Che Khalib added. -- Bloomberg



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