Petronas Gas Bhd
KLSE:PETGAS
Petronas Gas Bhd
Petronas Gas Berhad, a subsidiary of the Malaysian national oil corporation, is a powerful force in the world of gas infrastructure within Malaysia and beyond. Established in 1983, it has grown into a cornerstone of the nation's energy ecosystem, charged with the mission of processing, transporting, and regasifying natural gas. The company operates through an extensive network of gas processing plants and pipelines, strategically located to harness and channel the natural resources of Malaysia into a stream of economic energy. These plants work to separate valuable hydrocarbons such as ethane, propane, and butane from natural gas, turning raw materials into profitable products. The extracted components not only fuel domestic requirements but also contribute to Malaysia's export portfolio, reinforcing the company's revenue streams.
Diversified across various segments, Petronas Gas also sustains a profitable business through Gas Transportation operations, with pipelines spanning both peninsular and offshore territories. The regulated tariff system ensures a steady income, as it provides third parties access to this comprehensive network, offering transportation services at competitive rates. Moreover, through its Gas Utilities segment, the company supplies industrial customers with gas, further stapling its role as essential to Malaysia's industrial fabric. Adding a feather to its cap, Petronas Gas has made inroads into the international LNG business through its regasification facilities that convert imported liquefied natural gas into usable energy. All these elements form a robust business model designed not only for resilience in Malaysia's energy landscape but also for generating consistent and significant shareholder value.
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