PetGas will turn into a multi-utility player with the completion of its Melaka regasification plant in July 2012 and Kimanis power plant in 2013.
Expect the regasification services agreement (RSA) between PetGas and Petroliam Nasional Bhd (Petronas) to be finalised soon.
There will be no fuel cost risk under the RSA as gas supply will be procured by Petronas
Expect the regasification services agreement (RSA) between PetGas and Petroliam Nasional Bhd (Petronas) to be finalised soon.
There will be no fuel cost risk under the RSA as gas supply will be procured by Petronas
PetGas registered strong net cash of RM2.1 billion (RM1.06 per share) for 9M11. Epect capital expenditure to rise to RM1.5 billion per year over FY12/13 with the new investments, but free cash flow will remain strong at more than RM600 million due to improved profitability under the fourth gas processing and transmission agreement (GPTA).
PetGas does not have a dividend policy.
Expect higher revenue for PetGas’ PGU gas volume upon completion of the Melaka regasification plant, as the fourth GPTA allows the use of third-party gas.
PetGas does not have a dividend policy.
Expect higher revenue for PetGas’ PGU gas volume upon completion of the Melaka regasification plant, as the fourth GPTA allows the use of third-party gas.
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