Malaysia to break state monopoly on natural gas supply

Guided by the 11th Malaysia Plan (2016-2020), the Malaysian government will approve investment in the natural gas market in 2016.

This will break the state-owned oil and gas company Petronas’s monopoly on natural gas supply.

The Malaysian government will devote itself to maintaining a stable energy supply and promoting the development of national economy, Malaysian newspaper Nanyang Siang Pau reported lately.

Important measures include the establishment of a natural gas pipeline linking Malaysia and Thailand, the development of the Second Regasfication Plant in Pengerang of Johor state, and the construction of two LNG floating ships in the eastern states of Sabah and Sarawak.

In addition, West Malaysia will add natural gas supply of 100 to 200 standard cubic feet in its eastern offshore areas, and Sabah, the eastern Malaysian state, will build a natural gas pipe extending from its offshore areas to Labuan, Kota Kinabalu and Gemas.