Content2011 - PETRONAS Gas Berhad

Q&A with the Chairman
The TPA initiative is a pro-active measure
by the Company in anticipation of the
gas market liberalisation by the
Malaysian Government. With TPA
in place, the Company is ready
to service new players.
The Board of Directors is recommending a
fi nal dividend of 35 sen per share. Together
with the interim dividend of 15 sen per share
paid out on 29 December 2010, total gross
and net dividend for the fi nancial year ended
31 March 2011 will amount to 50 sen per
share which represents a dividend payout
ratio of 68.7%.
Q: How does the Company ensure that
its workforce continues to be competent
to support the Company’s operations
and aspirations?
PGB will continue to invest in developing and
harnessing the functional and management
skills of its staff through diverse programmes
designed to equip them with the necessary
tools, capabilities and competencies
accordingly.
42 petronas gas berhad (101671-h)
Q: What is the growth story for PGB?
In April 2010, the Company entered into
the 4 th Addendum to the Gas Processing
and Transmission Agreement (GPTA) with
PETRONAS which provides a clearer
demarcation of terms and remuneration
structure between processing and transmission
business. This demarcation paves the way
for Third Party Access (TPA), allowing other
parties besides PETRONAS to utilise the PGU
gas pipeline system.
The TPA initiative is a pro-active measure by
the Company in anticipation of the gas market
liberalisation by the Malaysian Government.
With TPA in place, the Company is ready to
service new players.
During the year, the Company awarded the
Engineering, Procurement, Construction
and Commissiong (EPCC) contract to the
consortium of CTCI Corp. and the Contractual
Service Agreement to the consortium of
General Electric Power for the Kimanis
Power Plant project. With this initiative, the
Company has entered the independent power
producing business and plans are underway
for the Company to expand this business.