Whistle blowing now.... BRRRRR!!!!!  Errr! Tarif hiking??? I positively guessing it will up again after PRU13... if and if the winner isssssss.... XXX
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Thestar: Wednesday December 14, 2011

TNB ready to buy gas at market prices

BANGI: Tenaga Nasional Bhd (TNB) is ready to purchase gas for power generation at open market prices upon completion of the liquefied natural gas (LNG) regassification terminal in Malacca by next year.
President/CEO Datuk Seri Che Khalib Mohamad Noh said the company had been talking to several gas suppliers including ExxonMobil and Royal Dutch Shell for a secured supply.
“We’ve appointed professional consultants to deal with the major suppliers as we are still new in the matter,” he told reporters at Universiti Tenaga Nasional here yesterday.
The market price for gas presently hovers around RM30 to RM50 per mmBTU.
The Government, through Petroliam Nasional Bhd, spends around RM20bil a year to provide subsidised gas to TNB at RM13.70 per mmBTU.
Che Khalib said the open market price would not necessarily mean a hike in tariff rates for domestic and industrial consumers.
TNB would suggest several options to the Government to either absorb the cost or pass it on to consumers, he said.
Natural gas accounts for 60% of TNB’s eletricity generation while coal and hydro contribute 35% and 5% respectively.
The company aims to have a balance between gas generated and coal generated power by 2015.
Che Khalib said power demand was expected to increase 3%-4% next year. — Bernama

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