Revenue for the quarter ended September 30, 2019 was lower at RM1.338 billion as compared with RM1.402 billion previously. PetGas’ current ancillary services consist of Gassing-Up-Cooling-Down (GUCD) for Liquefied Natural Gas (LNG) ships post-dry docking and LNG reloading. Earlier last month, PetGas witnessed the delivery of the inaugural third party LNG cargo under the Third Party Access system. The cargo was received by the company’s LNG Regasification Terminal in Sungai Udang and delivered to the customer via its Peninsular Gas Utilisation network. For the nine months, PetGas’ net profit is lower at RM1.45 billion from RM1.49 billion recorded last year, while revenue stood at RM4.09 billion against RM4.11 billion previously.

Source: New Strait Times November 19, 2019 13:30 UTC