Last 22.36 MYR
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petronas gas bhd (PTG) Details

PETRONAS Gas Berhad operates as a gas infrastructure and utilities company in Malaysia. It is involved in the separation of natural gas into its components; and the storage, transportation, and distribution of such components. The company’s Gas Processing segment processes natural gas from gas fields offshore the East Coast of Peninsular Malaysia into methane and other by-products, such as ethane, propane, and butane. This segment operates six processing plants in Terengganu. Its Gas Transportation segment operates 2,583 kilo meter peninsular gas utilization grid in West Malaysia and gas distribution systems in East Malaysia, which transports processed gas to customers in the power, industrial, and commercial sectors. The company’s Utilities segment manufactures, markets, and supplies a range of industrial utilities, including electricity, steam, and industrial gases, as well as other by-products, such as liquid oxygen, liquid nitrogen, demineralized water, raw water, cooling water, and boiler feed water to the petrochemical complexes in the Kertih and Gebeng industrial area. Its Regasification segment is engaged in regasification of liquefied natural gas. This segment operates and maintains offshore liquefied natural gas regasification terminal in Sungai Udang, Melaka. The company was founded in 1983 and is based in Kuala Lumpur, Malaysia. PETRONAS Gas Berhad is a subsidiary of Petroliam Nasional Berhad.

2,110 Employees
Last Reported Date: 04/9/14
Founded in 1983

petronas gas bhd (PTG) Top Compensated Officers

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petronas gas bhd (PTG) Key Developments

Petronas Gas Bhd, Dialog LNG Sdn Bhd and Pengerang LNG (Two) Sdn. Bhd Announce the Formation of a Joint Venture Company

The Board of Directors of Petronas Gas Bhd announced that PGB has, on November 14, 2014, entered into a shareholders agreement with Dialog LNG Sdn Bhd and Pengerang LNG (Two) Sdn Bhd for the formation of a joint venture company to undertake the development of a regasification terminal to be located at the Pengerang Deep Water Terminal, Johor (“Project”). The estimated project cost of the Project is approximately MYR 2.7 billion.

Petronas Gas Bhd Enters into a Heads of Agreement with Linde (M) Sdn. Bhd

The Board of Directors of PETRONAS Gas Berhad (“PGB”) announced that PGB had on November 14, 2014, entered into a Heads of Agreement (“HOA”) with Linde (M) Sdn. Bhd. (“Linde”) to pursue possibility of the development of an Air Separation Unit (“ASU”) (“Project’) on a joint venture basis. The Project will consist of two separate trains and other related facilities and will be located in the vicinity of the Pengerang Integrated Complex (“PIC”), Johor. The ASU is used to separate atmospheric air into its primary components, typically nitrogen and oxygen. It is envisaged that the ASU will be the sole utilities facility for the supply of industrial gases mainly gaseous oxygen and gaseous nitrogen to the PIC’s customers.

Petronas Gas Bhd, Whessoe Engineering Ltd, Science-Tech Solutions Sdn Bhd and Samsung C&T (KL) Sdn Bhd Secure USD 486.66 Million Contract at Pengerang

Petronas Gas Bhd has secured a USD 486.66 million contract for works at the Regasification Terminal (RGT) Project in Pengerang, Johor. Petronas Gas said the contract was for engineering, procurement, construction and commissioning with Samsung C&T Corp. It added that the contract was in consortium with Whessoe Engineering Ltd, Science-Tech Solutions Sdn Bhd and Samsung C&T (KL) Sdn Bhd. The RGT project will comprise a regasification terminal which will function to receive and store Liquefied Natural Gas (LNG) unloaded from LNG carriers into two storage tanks. It added that the RGT Project is expected to become operational by the fourth quarter of 2017.


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Price/Sales 9.4x
Price/Book 3.9x
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