KUALA LUMPUR (Dec 26): PETRONAS Gas Bhd (KL:PETGAS) on Friday announced revised tariffs for its gas transportation and regasification services under Regulatory Period 3 (RP3), which will take effect for three years from Jan 1, 2026 to Dec 31, 2028.

Under the Incentive-Based Regulation (IBR) framework, tariffs for gas facilities are reviewed every three years by the Energy Commission (EC) and approved by the government. PETRONAS Gas said in its bourse filing that it received the approval letter from the EC on Dec 24. 

Under RP3 base tariff, the Peninsular Gas Utilisation (PGU) transportation tariff has been set at RM1.196 per gigajoule per day (GJ/day), with an allowed tariff of RM1.204 per GJ/day. 

The compression tariff for the supply of high-pressure gas to Singapore has been approved at RM1.609 per GJ/day, with an allowed tariff of RM1.592 per GJ/day. 

The tariff for Regas Terminal Sungai Udang (RGTSU) has been set at RM3.542 per GJ/day under RP3, with an allowed tariff of RM3.540 per GJ/day, while Regas Terminal Pengerang (RGTP) will charge RM3.142 per GJ/day, with an allowed tariff of RM3.103 per GJ/day.

“The tariffs revision underscores the shared commitment of the government and PETRONAS Gas to uphold transparency, cost efficiency, and the long-term resilience of Malaysia’s gas industry while maintaining competitive tariffs,” said PETRONAS Gas. 

“These tariffs have been determined in accordance with the IBR framework which ensures consumers continue to benefit from a secure and reliable gas supply. PETRONAS Gas remains steadfast as a trusted energy partner, dedicated to supporting the nation’s transition and growth agenda through successful implementation of RP3,” it added. 

Under the RP3 tariff framework, PETRONAS Gas said it will continue to prioritise the reliability and availability of its gas transportation and regasification infrastructure, consistent with previous regulatory periods. “The approved RP3 tariffs are expected to enable both segments to sustain their positive contribution to PETRONAS Gas and its subsidiaries’ earnings”. 

At Friday’s noon break, shares of PETRONAS Gas fell 10 sen or 0.55% at RM18.18, giving it a market capitalisation of RM35.97 billion.