MGA Participated in MPRC’s Gas Hub Technical Committee Meeting

14 February 2022

MGA participated in the Gas Hub technical committee meeting organised by Malaysia Petroleum Resources Corporation (MPRC).

Chaired by Mohd Yazid Ja’afar, President/Chief Executive Officer of MPRC, the first committee meeting attended by Rosman Hamzah, MGA Secretary General that held on 14th February 2022 was also attended by various gas industry stakeholders.

Wood Mackenzie (WM) has been commissioned by the Economic Planning Unit of the Prime Minister Office (EPU) / Malaysia Petroleum Resources Corporation (MPRC) to prepare a roadmap to position Malaysia as a regional gas hub.  Through close collaboration with key stakeholders comprising industry players as well as government representatives, the first meeting was initiated to solicit insights and feedback on the current state of Malaysia’s gas market and opportunities for improvements.

Malaysia has endured its gas market liberalisation journey since 2017 and made progress in establishing some of the building blocks which are critical for full market liberalization beginning January 2022.

The study, is specifically designed to improve any gaps and opportunities for Malaysia to strengthen these building blocks and further enhanced the development of Malaysian gas market liberalisation.

MGA is delighted to be able to participate this important study as it will better factor in various perspectives, identify challenges and propose initiatives which can overcome the challenges and bridge gaps for a sustainable future of Malaysian gas industry.

The meeting was started with opening remarks by Mohd Yazid Ja’afar, President/Chief Executive Officer of MPRC and continued with presentation of the Gas hub study by Wood Mackenzie before the floor is open floor questions and feedbacks.