Search company, investor...


Founded Year



PETRONAS Gas (6033.KL) offers services like gas infrastructure, gas processing, gas transmission and regasification. The company is based in Kuala Lumpur, Malaysia.

Headquarters Location

Level 49-50, Tower 1 PETRONAS Twin Towers

Kuala Lumpur, 50088,


Missing: PETRONAS Gas's Product Demo & Case Studies

Promote your product offering to tech buyers.

Reach 1000s of buyers who use CB Insights to identify vendors, demo products, and make purchasing decisions.

Missing: PETRONAS Gas's Product & Differentiators

Don’t let your products get skipped. Buyers use our vendor rankings to shortlist companies and drive requests for proposals (RFPs).

Latest PETRONAS Gas News

Business : PetGas earnings to remain affected by high fuel gas price - Research house

Nov 15, 2022

PetGas earnings to remain affected by high fuel gas price - Research house 15/11/2022 11:51 AM KUALA LUMPUR, Nov 15 (Bernama) -- Petronas Gas Bhd's (PetGas) earnings are expected to remain affected by rising fuel gas price in the near-term in addition to the prosperity tax, research firms said. In a note, Hong Leong Investment Bank Bhd (HLIB) Research said PetGas earnings for gas transportation and regasification are likely to be adjusted downward in the upcoming Regulatory Period 2 (RP2) 2023-2025 tariff structure. "Demand for gas and utilities are expected to continue improving in tandem with the economic recovery. Gas processing earnings will largely sustain into subsequent quarters, protected under the existing long-term Petroliam Nasional Bhd (Petronas) contract,”HLIB Research said. While gas transportation and regasification long term propects are protected under the Regulatory Asset Base (RAB) structure, short term earnings remain affected by higher internal gas consumption and rising fuel gas price before it recovers in subsequent RP2 review period, it said. For the utilities segment, the research house said the segment saw some improvement in the current quarter with better margins after renewing some long term contracts under more favourable terms, given that existing contracts have been affected by increasing fuel gas price while tariff pricing is matched to Tenaga Nasional Bhd’s fixed tariff pricing. As such, HLIB Research and another research firm, CGS-CIMB Securities Sdn Bhd, reiterate a “hold” call on the gas infrastructure and centralised utilities company with an unchanged target price of RM17.85 and RM16.70, respectively. CGS-CIMB said it retains a “hold” call mainly due to weaker earnings in financial years 2022 to 2024 (FY22-24F) versus financial year 2021 (FY21), due to the prosperity tax and anticipated earnings step-down in financial year 2023 (FY23F) arising from incentive-based regulation (IBR) RP2. "Dividend yields of more than 4 per cent for FY22-24F will likely provide support to its share price. A key downside risk to our 'hold' call is lower-than-expected earnings following the IBR tariff revision. "Key upside risks include favourable incentive-based regulation parameters and potential flight to safety by investors due to growing market volatility," it said. In contrast, Kenanga Investment Bank Bhd (Kenanga) Research has a “market perform” recommendation with a target price of RM17.00 for its earnings stability of which more than 90 per cent is safeguarded by the incentive-base regulation framework and this will remain so during the coming RP2. Over the medium term, its earnings growth will be driven by a new RM541 million gas pipeline project to cater to an independent power producer in Pulau Indah and a RM460 million gas compressor station project in Kluang, said Kenanga Research. At 10.34 am, PetGas fell six sen to RM16.88 with 22,000 shares traded. -- BERNAMA   Bernama is the trusted source of reliable real-time comprehensive and accurate news for both the public and media practitioners. Our news is published at ; BERNAMA TV on: Astro Channel 502, unifi TV Channel 631, MYTV Channel 121 IFLIX; and Bernama Radio broadcasting locally on FM93.9 in Klang Valley, Johor (FM107.5), Kota Kinabalu (FM107.9) and Kuching (FM100.9). Follow us on social media : Facebook : @bernamaofficial, @bernamatv, @bernamaradio

PETRONAS Gas Web Traffic

Page Views per User (PVPU)
Page Views per Million (PVPM)
Reach per Million (RPM)
CBI Logo


PETRONAS Gas Frequently Asked Questions (FAQ)

  • When was PETRONAS Gas founded?

    PETRONAS Gas was founded in 1983.

  • Where is PETRONAS Gas's headquarters?

    PETRONAS Gas's headquarters is located at Level 49-50, Tower 1, Kuala Lumpur.

Discover the right solution for your team

The CB Insights tech market intelligence platform analyzes millions of data points on vendors, products, partnerships, and patents to help your team find their next technology solution.

Request a demo

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.