KUALA LUMPUR (Feb 27): Petroliam Nasional Bhd (PETRONAS) is preparing for full Peninsular Malaysia gas market liberalisation in 2028, its top officials said, which could see market pricing for gas sold in the domestic market across commercial, industrial and power sectors. Now, what is needed to spur this importation of energy will be the full market liberalisation, which you can expect by 2028 as per the latest projection that we hear from the government. PETRONAS sold about 2,171 million standard cubic feet per day of natural gas in the domestic market last year. As demand rises, PETRONAS has been importing more and more gas from overseas at market prices. The bulk of domestic supply goes to the power sector, which enjoys a price cap on a certain portion of gas supply up until 2027.

Source: The Edge Markets February 27, 2026 10:20 UTC