OON KOK HIUNG
reacted to
$GENETEC (0104.MY)$ why har
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OON KOK HIUNG
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Sarawak Petroleum (Petros) became the only local gas aggregator (gas aggregator).
Islamic Bank Securities believes that this may have a negative impact on Malaysia's liquefied natural gas (LNG) exports, but it is not expected to affect upstream investment by Petronas (Petronas).
An Islamic Bank securities analyst pointed out that the Sarawak government may use locally produced natural gas more to meet internal demand, thereby reducing Malaysia's overall natural gas exports.
“If this were the case, CNPC's revenue from the natural gas or liquefied natural gas business would face a negative impact.”
A so-called natural gas aggregator is a merchant that aggregates and processes natural gas trading activities within the relevant region. Therefore, after becoming the sole aggregator in Sarawak, all natural gas transactions within the region need to be carried out through Petros.
Long-term stable supply must be guaranteed
Today, Petros is about to begin implementing the 10-year Sarawak Natural Gas Roadmap (SGR), with the goal of increasing the domestic gas consumption share to 30% by 2030.
In response, the analyst said that no matter who becomes the aggregator, whether SGR can meet the standards, it is necessary to rely on a long-term stable supply of natural gas.
“The Sarawak government needs continuous upstream oil and gas investment, especially new oil and gas field projects, to ensure a stable supply of natural gas over the long term. Considering that Sarawak still requires large oil and gas investments, we...
Islamic Bank Securities believes that this may have a negative impact on Malaysia's liquefied natural gas (LNG) exports, but it is not expected to affect upstream investment by Petronas (Petronas).
An Islamic Bank securities analyst pointed out that the Sarawak government may use locally produced natural gas more to meet internal demand, thereby reducing Malaysia's overall natural gas exports.
“If this were the case, CNPC's revenue from the natural gas or liquefied natural gas business would face a negative impact.”
A so-called natural gas aggregator is a merchant that aggregates and processes natural gas trading activities within the relevant region. Therefore, after becoming the sole aggregator in Sarawak, all natural gas transactions within the region need to be carried out through Petros.
Long-term stable supply must be guaranteed
Today, Petros is about to begin implementing the 10-year Sarawak Natural Gas Roadmap (SGR), with the goal of increasing the domestic gas consumption share to 30% by 2030.
In response, the analyst said that no matter who becomes the aggregator, whether SGR can meet the standards, it is necessary to rely on a long-term stable supply of natural gas.
“The Sarawak government needs continuous upstream oil and gas investment, especially new oil and gas field projects, to ensure a stable supply of natural gas over the long term. Considering that Sarawak still requires large oil and gas investments, we...
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OON KOK HIUNG
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$PMBTECH (7172.MY)$ Dear all, any comments about PMB right issue? Thank you
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OON KOK HIUNG
liked
$GFM (0039.MY)$ Bonus issue for warrants approved already through EGM today. Go go GFM 😎
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OON KOK HIUNG
liked
$GFM (0039.MY)$ uptrending here with RM 0.455+ as the main resistance levels on the daily chart.
For now as long as able to hold above its RM 0.39+ main uptrend support levels on the daily chart, could continue on towards and beyond the RM 0.455+ regions in the coming weeks.
Support: RM 0.43, RM 0.40, RM 0.39 areas
Resistance: RM 0.43, RM 0.455, RM 0.475, RM 0.49, RM 0.50 areas
For now as long as able to hold above its RM 0.39+ main uptrend support levels on the daily chart, could continue on towards and beyond the RM 0.455+ regions in the coming weeks.
Support: RM 0.43, RM 0.40, RM 0.39 areas
Resistance: RM 0.43, RM 0.455, RM 0.475, RM 0.49, RM 0.50 areas
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happy nice day