PETRONAS YES TO NEW GAS SUPPLY AGREEMENT WITH MMC

KUALA LUMPUR, Aug 20 (Bernama) -- Petronas has agreed to a new gas supply
agreement with Gas Malaysia Sdn Bhd, a 41.8 percent-owned unit of MMC Corp Bhd
(MMC).
In a statement, MMC chief executive officer, Datuk Hasni Harun, said the
agreement would consist of 300 million standard cu ft of natural gas per day.
"With the increase in gas supply, the company is expected to expand its gas
pipeline network, which currently covers 1,642km," he said.
He said the agreement would enable Gas Malaysia to provide long-term supply
of natural gas to its industrial users, which would incur lower energy costs
from using competitively-priced natural gas.
Gas Malaysia is the sole supplier of natural gas to the non-power sector and
currently supplies energy to over 31,000 residential and 600 commercial
customers.
It also supplies to industrial customers throughout Peninsular Malaysia. --
BERNAMA
WNA THS