KLSE:GASMSIA

3 stories mentioning KLSE:GASMSIA

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Market Chatter: Malaysia Ensures Stable Gas Supply Despite Global Shortage

Malaysia's gas supply remains stable, with most electricity generation still backed by domestic sources, while the government continues to monitor the energy sector amid global uncertainties, The Star reported Thursday, citing Science, Technology and Innovation Minister Datuk Chang Lih Kang.Around 80% of the country's power generation is supported by local resources, limiting exposure to external supply risks. Currently, the supply conditions are comfortable and do not raise any immediate concerns, according to the report.Separately, Gas Malaysia (KLSE:GASMSIA) chief executive Azli Mohamed said the industry is not experiencing any gas shortages. He noted that supplies are primarily sourced from domestic fields and Australia, with only minimal dependence on the Middle East. However, he cautioned thathigher logistics costs and supply chain disruptions could still emerge, The Star said.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

FTSE Bursa Malaysia KLCIKLSE:GASMSIA

Asia28d ago

Regional Gloom, Stalled US-Iran Talks Drag Malaysian Shares Lower for Fourth Consecutive Session

Malaysian shares fell for a fourth consecutive session on Monday, mirroring regional gloom as stalled U.S.-Iran talks continued to weigh on market sentiment.The FTSE Bursa Malaysia KLCI shed 12.51 points to end 0.7% lower at 1,727.71. The day range was between 1,727.71 and 1,742.60.In local news, Malaysia has rolled out a 5 million ringgit ($1.3 million) relief package to support its aviation industry as airlines face escalating operational costs linked to tensions in the Middle East, Bloomberg News reported.In corporate news, Real estate developer Gold Li (KLSE:GOLDLI) made its debut on Bursa Malaysia's ACE Market on Monday, opening at 0.12 ringgit, below its initial public offering (IPO) price of 0.205 ringgit, signaling a soft listing start for the property group.Shares of Censof (KLSE:CENSOF) dropped nearly 3% at Monday's close after its unit Century Software (Malaysia) bagged a deal worth 17.8 million ringgit from Majlis Agama Islam Wilayah Persekutuan (MAIWP). The deal involves building a financial management system compliant with government accounting standards and Islamic accounting frameworks.Gas Malaysia (KLSE:GASMSIA) will commit 49.8 million ringgit toward the proposed liquefied natural gas (LNG) re-gasification terminal in Kedah, Malaysia. Shares ended about 1% lower on today's close.

FTSE Bursa Malaysia KLCIKLSE:CENSOFKLSE:GASMSIAKLSE:GOLDLI

Asia28d ago

Gas Malaysia Partners With Tokyo Gas and VTTI for Kedah LNG Terminal

Gas Malaysia (KLSE:GASMSIA) will commit 49.8 million ringgit toward the proposed liquefied natural gas (LNG) re-gasification terminal in Kedah, Malaysia, according to a Friday Malaysian bourse filing.Shares slid 1% in Monday's late afternoon trade.The project will be under a joint development agreement signed with Tokyo Gas (TYO:9531) and VTTI, with a total development cost of 72 million ringgit. Gas Malaysia will spearhead the joint venture as project lead, holding a dominant 70% participating interest, while Tokyo Gas and VTTI will each maintain a 15% equity stake.The agreement follows an earlier approval from Malaysia's Energy Commission.The partners will jointly carry out technical, commercial, and regulatory development work ahead of a final investment decision on the project.The terminal is expected to strengthen Malaysia's LNG import capacity, improve energy security and support industrial growth in the northern region, the filing said.

KLSE:GASMSIATYO:9531