Natural gas contributes significantly to national revenue. The Bintulu LNG plant is a notable example, initially the world’s largest single-site LNG producer, exporting to countries such as Taiwan, Japan, Korea, and China.
What are the feasibility and implications of liberalizing Malaysia’s gas market? A key point is the current administered pricing of gas, which is not at the market price except for large consumers. The existence of a near-monopoly pipeline operator, initially necessary for infrastructure development, is highlighted.
Ngopi x CEO’s panelist, Datuk Ir. Dr. Abdul Rahim Hashim agrees that to achieve market liberalization, deregulation is needed to allow gas prices to reach market levels, fostering greater competition.
This episode is hosted by Daniel Teoh.
