Saturday 20 Apr 2024
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KUALA LUMPUR (Sept 15): Petronas Gas Bhd (PetGas) said it has not issued any proposal or tender for the "alleged 700km pipe replacement project" from Johor's Segamat district to Terengganu's Kertih town.

"We wish to inform that PetGas and its subsidiaries have not, at current, planned or issued any proposal or tender for the said project," the company said in a notice on its website.

As a gas infrastructure company, PetGas said it is under the purview of the Energy Commission (EC) pursuant to the Gas Supply (Amendment) Act 2016 and Third Party Access Code.

As such, any projects in relation to regulated pipelines shall be approved by the EC, PetGas said.

“PetGas never submitted any proposal for the said project, and has not appointed any entity on behalf of PetGas to expedite any related tender or documents of the project,” the company said.

As at 3.10pm on Thursday (Sept 15), PetGas was eight sen or 0.48% lower at RM16.76, giving the company a market capitalisation of about RM33.18 billion.

PetGas has 1.98 billion outstanding shares, according to its latest quarterly financial report.

Edited ByChong Jin Hun
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