NGC completes acquisition of LPG business from Shell
PETALING JAYA: The yellow liquefied petroleum gas (LPG) cylinder, which has been a household name for 40 years, will soon find its way to Malaysian homes with a new brand trade name – Mira Gas.

NGC Energy Sdn Bhd, the local unit of Oman-based National Gas Company SAOG (NGC), said in a statement it had completed the final leg of its acquisition of the LPG business and assets from Shell Malaysia Trading Sdn Bhd. The deal is expected to boost the scale and geographic scope of NGC Energy’s operations in Malaysia.

NGC said it planned to supply up to 25,000 tonnes of LPG per month, representing 25% of the LPG business in Malaysia, for domestic and industrial use.

NGC Energy’s immediate goals include installing Malaysia as a hub to grow its business regionally. Plans are also in the works to transform NGC Energy into a public-listed company within four years.

“We are extremely excited in extending a welcome to our Malaysian customers, business partners, and employees to be part of the National Gas Company SAOG of Oman family,” says Goutam Sen, NGC chief executive officer.

http://biz.thestar.com.my/news/story.asp?f...34&sec=business

wat tok you?

only for tong gas

lpg only

Already knew 2 years ago.Someone told that g0v kick those outsiders petrol supply.
Try and ask those uncle tong gas.you'll get the same answer.

Shell takut untuk melabur di Malaysia disebabkan oleh pihak pembangkang.

Shell sold LPG business to them, so now they just focusing on producing LPG gas, but in terms of sales, distribution etc. this new company will handle it, perhaps new LPG project from Petronas not worth for Shell to stay invest for this business in Malaysia. Focus on Euro4M project and offshore

(^__^)

Normal now most OnG is more focusing more on upstreams..
Like ExxonMobil, sold their business to Petron

gov is kicking out foreign players in gas industry. ngc is a JV with Kumpulan Perangsang, u know how petron got in, and bhp was also the same case.