In a filing to Bursa Malaysia, Gas Malaysia says it received a letter to proceed (LTP) from the Energy Commission, which enables it to progress into detailed engineering and other phases of implementation for the project, which has been proposed in Yan, Kedah. The next growth frontier for Gas Malaysia would be power plants — provided gas prices for power plants are fully aligned with market rates. An analyst who covers Gas Malaysia estimates that Malakoff’s gas demand could take up half of Gas Malaysia’s proposed RGT capacity. Gas Malaysia in its reply to The Edge says: “Any spike in crude oil prices could subsequently be reflected in future MRP. According to UOB Kay Hian, about 40% of Gas Malaysia’s net profit comes from the sale of natural gas.

Source: The Edge Markets March 31, 2026 07:01 UTC