Natural Gas
History
Policy & Act
The National Depletion Policy 1980
The policy was introduced to safeguard the exploitation of natural oil reserves because of the rapid increase in the production of crude oil.
Therefore, other fuels included in the power generation are namely gas, hydro and coal.
Peninsular Malaysia
Acts
Regulations
Peninsular Malaysia
Sabah
Sarawak
Framework
Government of Malaysia
The Malaysian government plays a significant role in regulating and overseeing the natural gas sector. It sets policies, laws, and regulations governing the exploration, production, and distribution of natural gas in the country. The government also receives revenue from natural gas activities through taxes, royalties, and profit-sharing agreements.
Energy Commission (Suruhanjaya Tenaga)
The Energy Commission (Suruhanjaya Tenaga) is the regulatory body responsible for overseeing the energy sector in Malaysia, including natural gas. It regulates and supervises the activities of gas companies, ensures compliance with laws and regulations, and promotes competition and efficiency in the natural gas market.
PETRONAS
Petroliam Nasional Berhad, commonly known as Petronas, is Malaysia’s national oil and gas company. Petronas plays a central role in the exploration, production, and distribution of natural gas in Malaysia. It is involved in upstream activities such as gas exploration and production, as well as downstream activities including gas processing and liquefaction.
Gas Companies and Operators
There are other companies involved in the natural gas industry in Malaysia, including international oil and gas companies, independent gas producers, and gas distribution companies. These companies participate in various aspects of the natural gas value chain, from exploration and production to transportation and distribution.
Consumers
Industrial, commercial, and residential consumers in Malaysia are also important stakeholders in the natural gas industry. Natural gas is used for power generation, industrial processes, transportation, and residential purposes, making consumers key participants in the market.