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‘Green goal’ to result in higher demand for gas
The ambitious ‘green goal’ under the 12th Malaysian Plan (12MP) from 2021 to 2025 could be a boon for Petronas Gas Bhd (PetGas) which has a strong presence in the country’s gas processing, pipeline and regasification facilities.
The 12MP targets to see a reduction in greenhouse gas emissions, with the government to stop building coal-fired plants, replacing them with cleaner electricity generation that includes gas-fired power plants.
With the outlook of higher demand for gas, PetGas is eyeing to increase its gas processing and regasification plants, which are currently being fully utilised by the national oil company Petroliam Nasional Bhd or Petronas.
PetGas is also looking into other clean energy such as hydrogen and increasing its power generation capacity through co-generation power plants or cogens.
Currently, PetGas operates two cogen power plants for the Petronas group’s petrochemical complexes in Kerteh and Gebeng.
In comparison to conventional power plants, which only produce electricity, cogen power plants are reportedly more efficient as ‘waste’ energy from the electricity generation is used to produce steam.
-THE MALAYSIA VOICE