Gas Malaysia to acquire natural gas from O'rec

Gas Malaysia to acquire natural gas from O'rec

Gas Malaysia Bhd Bhd has agreed to buy bio compressed natural gas (BioCNG)
extracted by O'rec Ind Sdn Bhd from landfill gas for a contract period of 10
years.

It told Bursa Malaysia that its unit Gas Malaysua Venture 2 Sdn Bhd (GMV2)
had signed a gas purchase agreement with O'rec, which is involved in
recovering residual oil generated from palm oil mill and providing services
for total biogas solution, effluent treatment system and emission control
system.

GMV2 will secure potential customer(s) to buy the BioCNG for a minimum
volume of 250,000 MMBtu per year.

Gas Malaysia said it would fund its investment through internally generated
funds

The statement did not give the value of the 250,000 MMBtu worth or the
financial details of the agreement.

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Link to Original Article:
http://www.thestar.com.my/business/business-news/2017/05/05/gas-malaysia-uni
t-to-buy-gas-from-orec/

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com