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ASEAN PROFILES ASEAN KEY DESTINATIONS ![]()
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Malaysia:Foreign firms defer investments over gas concerns
Concerns over gas supply have forced eight foreign companies to defer investments worth up to 8 billion ringgit ($2.24 billion) in Malaysia. "We are pushing it to be earlier as the industry needs gas," he said. The companies affected were involved in steel manufacturing and electronics, and were from the US, Europe, Japan and South Korea, he said. Petronas Gas operates six Gas Processing Plants (GPP), which have a combined gas production capacity of more than 2,000 million standard cubic feet (mmscfd) in addition to producing by-products such as ethane, propane, butane and condensates.
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