Petronas Gas Bhd.

Petronas Gas Bhd.

4.48
USD
+0.68
(+17.89%)
Nov 23Next Earn
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Capital Structure

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Working Capital

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Growth Rates

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Quarterly Revenue

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Quarterly Earnings Per Share

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Quarterly Dividends Per Share

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Company Description

CEO
Abdul Aziz bin Othman
Full Time Employees
1,829
Sector
Utilities
Industry
Gas distributors
Address
Tower 1, Level 49-50 Kuala Lumpur WP Malaysia 50088
IPO Date
Mar 28, 1995
Business
PETRONAS Gas Berhad (PETGAS; 6033.KL), a subsidiary of Petroliam Nasional Berhad (PETRONAS), engages in the processing, transportation, regasification, and utilities supply related to natural gas primarily in Malaysia. Incorporated in 1983 and headquartered in Kuala Lumpur, the company operates through four main segments: Gas Processing, which separates raw natural gas from offshore East Coast Peninsular Malaysia fields into sales gas, ethane, propane, butane, and condensate; Gas Transportation, which delivers processed gas to power plants, industrial and commercial customers via an extensive pipeline network and provides operations and maintenance services; Regasification, which handles LNG regasification, reloading, truck loading, gassing up, and cooling down at key terminals; and Utilities, which manufactures, markets, and supplies industrial utilities including steam, treated water, and operates power plants for electricity generation. The company serves petrochemical plants, power sectors, and other end-users across Peninsular Malaysia with a focus on reliable energy infrastructure. Recent developments include PETRONAS, its parent, signing a 20-year sales and purchase agreement in July 2025 with Venture Global for 1 million tonnes per annum of LNG from the CP2 LNG facility, building on an existing 1 MTPA deal from Plaquemines LNG, and advancing a proposed 50:50 joint venture with Eni announced in June 2025 to pool Southeast Asia gas assets expected to finalize within 1-2 years.