KUALA LUMPUR (May 25): Gas Malaysia Bhd expects its performance to improve this year, and will continue to align its business portfolio to strengthen its resiliency, leverage new growth opportunities and address challenges head-on.
In a statement today, group chief executive officer Ahmad Hashimi Abdul Manap said this would allow Gas Malaysia to further improve on its value creation abilities, thus ensuring sustainable growth for the group.
In the financial year 2020 (FY 2020), the company recorded a higher net profit of RM212.62 million from RM190.11 million in FY2019.
Revenue, however, decreased to RM6.69 billion from RM6.89 billion previously, mainly due to lower average natural gas selling price, coupled with a slight decrease in the volume of natural gas sold.
Canada’s Suncor, ATCO plan blue hydrogen project
May 12, 2021 3:45:pm
Summary
by: Dale Lunan
Canadian integrated oil and gas producer Suncor Energy and Alberta utility ATCO said May 11 they were in the early design and engineering stages for a project near Edmonton that would produce 300,000 mt/yr of blue hydrogen and reduce the province’s CO2 emissions by more than 2mn .
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