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Gas Malaysia signs two JVs to expand local market
by Cals Tue 25 Feb 2014, 01:40
| Gas Malaysia signs two JVs to expand local market |
| Business & Markets 2014 |
| Written by Charles Yong of theedgemalaysia.com |
| Monday, 24 February 2014 17:50 |
KUALA LUMPUR: Gas Malaysia has entered into two joint ventures to expand into new market areas in Malaysia.
The first, with IEV Energy Sdn Bhd, will make natural gas accessible to locations outside the reach of pipelines by compressing the gas, transferring the volume into mobile pipes and physically transporting it.
The second joint venture is with Energy Advance Co Ltd, a subsidiary of Tokyo Gas. The venture will reduce overall electricity costs by using gas as the main source of energy in generating electricity, steam, or heat. It will develop and operate a combined heat and power (CHP) system at the customers' sites.
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