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’s shares jumped over 11% in early trade Thursday after securing licences to import liquefied natural gas (LNG) into Malaysia.
The oil and gas service and equipment company rose 11.19%, or 7.5 sen to 74.5 sen with over 20 million shares traded.
Uzma’s wholly owned subsidiary Uzma Engineering Sdn Bhd (UESB) has been awarded two licences by the Energy Commission (EC) to import LNG for regasification in the country, as well as to transport or distribute natural gas within Malaysia.
Uzma said the licences allow Uzma to bring LNG into a regasification terminal in or within Malaysia by any means other than by transhipment, and to transport or distribute natural gas via regasification terminal or pipelines to consumer premises within Malaysia, pursuant to the implementation of Third-Party Access (TPA) system.
Uzma awarded licences to import LNG and ship commodity within Malaysia 17 Feb 2021 / 23:24 H.
PETALING JAYA: Uzma Bhd’s wholly owned subsidiary Uzma Engineering Sdn Bhd (UESB) has been awarded two licences by the Energy Commission for the Third-Party Access System, namely a licence to import liquefied natural gas (LNG) into regasification terminalsh, and a licence to ship LNG within Malaysia.
The import licence allows UESB to carry out activity of an import into regasification terminal, bringing or causing to be brought LNG into or within Malaysia by any means other than transhipment.
The shipping licence grants UESB the right to carry out activity of a shipping licensee including making an arrangement with a regasification, transportation or distribution licensee for gas to be processed or delivered through a regasification terminal, transmission pipeline or distribution pipeline to consumers’ premises.
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