GAS Malaysia Bhd, via its subsidiary Gas Malaysia IEV Sdn Bhd (GMIEV), has formally launched its virtual pipeline business following the officiation of its compressed natural gas (CNG) facility in Gebeng. GMIEV is a joint-venture company between Gas Malaysia — a member of MMC Corp Bhd — and IEV Energy Sdn Bhd. In a statement yesterday, Gas Malaysia said GMIEV’s business model would address the complete value chain of mobile gas solutions from compressing natural gas at its station in Gebeng. GMIEV will purchase natural gas from Gas Malaysia and is responsible for maintaining and operating the compression and transportation unit as well as the transportation and unit pressure unit, both key components of the virtual pipeline. Gas Malaysia chairmain Datuk Hasni Harun said this was notable as the company had started to create new demand for natural gas and was opening up new avenues of opportunity.

Source: New Strait Times April 22, 2017 02:55 UTC