KUALA LUMPUR, Dec 30 — Gas Malaysia Bhd has announced that under the Incentive-Based Regulation (IBR) framework, the current Base Average Tariff is maintained at the rate of RM1.573 per gigajoules (GJ) per day.
The current Base Average Tariff is for users of Gas Malaysia Distribution Sdn Bhd’s (GMD) Natural Gas Distribution System between January 1, 2023 and December 31, 2025, said Gas Malaysia Bhd in a filing with Bursa Malaysia today.
Gas Malaysia said GMD is to affect the adjustment at the rate of 3.8 sen per GJ per day through a rebate to its Base Average Tariff in the next three years.
“Therefore, GMD’s Distribution Tariff under the IBR framework for all types of utilisations is RM1.535 per GJ per day for the period from January 1, 2023, until December 31, 2023.
“The Distribution Tariff for the Regulatory Period 2 (RP2) will continue to contribute positive returns from the regulated segment of Gas Malaysia for the financial year ending December 31, 2023,” the group said.
Gas Malaysia also clarified that the tariff approval is not applicable to the sales of liquefied petroleum gas supplied in gas cylinders or in bulk supply.
In a separate filing, Petronas Gas Bhd (PGB) announced the government through the Energy Commission has approved the IBR tariffs for RP2 for its facilities, namely Peninsular Gas Utilisation (PGU), Regasification Terminal Sg Udang, Melaka (RGTSU) and Regasification Terminal Pengerang, Johor (RGTP).
The group said IBR Based Tariffs for PGU were RM1.061 per GJ per day for 2023 and RM1.063 per GJ per day for 2024 and 2025, respectively.
The IBR Based Tariffs for PGU II Sector 3 Project Compressor Relocation (SCORE), which aims to supply gas to Singapore, stood at RM1.614 per GJ per day while RGTSU and RGTP were at RM3.455 per GJ per day and RM3.165 per GJ per day, respectively.
PGB said the RP2 Tariffs were not expected to impact its business operations during RP2.
“While the tariffs are expected to affect the group’s transportation and regasification business segment revenues during the RP2, both segments are anticipated to continue contributing positively to PGB and its subsidiaries’ earnings,” it noted.
— Bernama
