KUALA LUMPUR (July 20): Oilfield services company Reservoir Link Energy Bhd (KL:RL) has received two licences from the Energy Commission to ship natural gas and import liquefied natural gas (LNG) under Malaysia's third-party access framework, which liberalises the market and allows licensed companies to import, transport and sell natural gas.
In a Bursa Malaysia filing on Monday, the company said the licences which are parked under wholly‑owned subsidiary Reservoir Link Sdn Bhd (RSLB), are valid for 10 years.
The gas shipping licence enables RLSB to arrange for natural gas to be processed and transported through regasification terminals and pipeline networks for delivery to customers while the import into regasification terminal licence allows the company to import LNG into licensed regasification terminals.
Reservoir Link said growing electricity demand from Malaysia's expanding data centre sector is expected to increase the importance of natural gas as a reliable transition fuel for power generation.
Executive deputy chairman Thien Chiet Chai said in the statement the licences mark a key step in Reservoir Link's strategy to diversify beyond oilfield services into energy infrastructure and gas-related businesses. He added that the approvals provide a platform to pursue opportunities in Malaysia's natural gas market and support the country's energy transition while creating long-term value for shareholders.
During the third quarter ended March 31, 2026 (3QFY2026), the group’s net loss widened to RM22.18 million from RM15.75 million a year ago due to weaker contributions from its oil- and gas-related activities business segment, as revenue for 3QFY2026 decreased 28.99% to RM15.75 million from RM22.18 million.
The group has three business segments, with oil- and gas-related activities contributing 64.65% of total revenue, followed by renewable energy and related activities at 33.29%, while investment holding and wastewater treatment-related activities both made up the remaining 2.06%.
Last month, the group was appointed as a panel contractor by Petroliam Nasional Bhd (PETRONAS) under Package 2 for integrated discovered resource assessment services, covering carbon capture, utilisation and storage (CCUS) and contaminants. Additionally, Reservoir Link secured another five‑year contract from PETRONAS to supply remedial sand control equipment and services.
As at market close on Monday, Reservoir Link shares were down half a sen or 1.82% at 27 sen, valuing the company at RM102.9 million.