KUALA LUMPUR (Feb 23): Petroliam Nasional Bhd will increase the natural gas supply to Gas Malaysia Bhd to 534,143 Gigajoule (492 million standard cubic feet per day (MMScfd) ).
The agreement, which was signed on Thursday, is for 10 years from Jan 1, 2013 has an option for it to be extended by another five years.
“The new gas supply agreement will replace the existing gas supply agreement which will expire on Dec 31, 2012 for a total gas supply of 382 MMScfd.
“The contract is aimed at providing a long term supply security of natural gas to Gas Malaysia’s existing customers, while the additional 110 MMScfd will enable Gas Malaysia to expand its supply to new customers,” said Gas Malaysia.
The agreement was signed by Petronas vice president, infrastructure and utilities Pramod Kumar Karunakaran and Gas Malaysia chairman Datuk Hamzah Bakar.
The agreement, which was signed on Thursday, is for 10 years from Jan 1, 2013 has an option for it to be extended by another five years.
“The new gas supply agreement will replace the existing gas supply agreement which will expire on Dec 31, 2012 for a total gas supply of 382 MMScfd.
“The contract is aimed at providing a long term supply security of natural gas to Gas Malaysia’s existing customers, while the additional 110 MMScfd will enable Gas Malaysia to expand its supply to new customers,” said Gas Malaysia.
The agreement was signed by Petronas vice president, infrastructure and utilities Pramod Kumar Karunakaran and Gas Malaysia chairman Datuk Hamzah Bakar.
