Dear Members, Associates and Friends of the Malaysian Gas Association,
Ladies & Gentlemen,
As we usher in the new year, I am excited with developments achieved in the Malaysian gas industry. The gas industry reforms remains on track. The grace period for the Third Party Access ends in January 2018 and the regulated gas price is projected to achieve market price by 2019. Malaysia is well underway advancing towards a sustainable gas industry.
Looking back to 2017, MGA is proud to gain further recognition of our role as the voice of the gas industry when we were appointed into both the steering and technical committees for the national Gas Price Rationalisation Communication Plan, led by the Economic Planning Unit (EPU). MGA will be playing an active role in communicating the benefits of the gas industry reforms to key stakeholders, providing perspective as an industry representative.
2017 has been quite a busy and eventful year for MGA. Our priorities for 2017 has been the following;
2.Enhancing Value Proposition for Members
We stepped up our Gas Advocacy with more engagements with policy makers, series of interviews and articles in the newspapers, face to face engagements at our booths in major exhibitions and media launch of the report on “Natural Gas: Flipping the Switch’. We ended the year with a “Gas Advocacy Series” campaign on social media.
In addition to gas advocacy, MGA members benefited from the multiple networking platforms established by MGA. We continued our annual networking events, namely the Industry Golf and Industry Gala Dinner, and have increased members activities with more industry talks, a technical visit to RAPID in Pengerang and a CSR intiative in the form of a Blood Donation Drive. We also kept members regularly informed through the newly introduced Quarterly bulletins. This in addition to the regular updates via e-mails and posts on our webpage and social media.
On the international front, as part of the Executive Committee, MGA plays a key role in charting the direction of the International Gas Union (IGU). IGU have similarly stepped up Gas Advocacy on the global arena, engaging global bodies such as United Nation, G20, World Bank and International Energy Agency (IEA). 2017 also saw the election of the first Women President of IGU. Ms. Li Yalan will be the first woman to lead IGU when China assumes the Presidency of IGU for the Triennium 2021-2014. Her appointment gives encouragement for more active participation by women in the energy sector, especially in leadership positions.
Likewise, MGA recognised the importance of women in the energy sector when we organised the inaugural Forum in Women in Energy; an event supported by women networks in member companies.
In 2017, MGA continued our outreach to students in schools and higher learning institutions. We are delighted to share that several schools and universities found our outreach so beneficial that they have invited us to collaborate.
2017 is also the year of collaborations for MGA. In addition to universities, MGA collaborated with other organisations, such as MOGSC, 30% Club and PEMANDU, and with MGA’s own member companies to organised major events.
We are extremely grateful for the support and contribution from our members throughout 2017. We are particularly appreciative of the efforts put in by the following working committees;
•Regulatory and Government Affairs
•Learning and Development
•Communications and Multimedia
•Membership and Social
the taskforce on Promotion of Cogeneration and the respective organising committees for our major events. Your commitment and contributions ensured the success of our activities. On average, we have organised 2 events or major activities per month, more than what we have achieved in the previous years.
Going into 2018, we expect our priorities to remain. We will be stepping up our Gas Advocacy even further with more advocacy related activities, more communication and more engagements with the media.
The country needs to increase utilisation and demand for gas in order to make the market more attractive to third party gas suppliers. MGA has proposed to collaborate with Federation of Malaysian Manufacturers (FMM) to jointly promote cogeneration and will be collaborating with PEMANDU Associates to organise an “Increasing Gas Demand” workshop.
2018 will also see IGU organising the World Gas Conference (WGC2018) in Washington DC, USA. We urged members to participate in this prestigious triannual congregation of global gas industry players. WGC2018 will be expecting 500 speakers and 12,000 participants.
Before I sign-off, I would like to take the opportunity to congratulate and thank the MGA Secretariat for their keen dedication and oustanding efforts.
On behalf of the Council of MGA, I close by again thanking all our members, including all the volunteers from members organisations, for your keen support and participation in all our activities. We look forward to similar support in the coming year.
I wish everyone a happy and successful 2018.
Hazli Sham Kassim
Malaysian Gas Association
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Tyre market in Bangladesh is forecasted to grow at over 9% until 2020 on the back of growth in automobile sales, advancements in public infrastructure, and development-seeking government policies.
The government has emphasized on the road infrastructure of the country, which has been instrumental in driving vehicle sales in the country.
The tyre market reached Tk 4,750 crore last year, up from about Tk 4,000 crore in 2017, according to market insiders.
The commercial vehicle tyre segment dominates this industry with around 80% of the market share. At least 1.5 lakh pieces of tyres in the segment were sold in 2018.
In the commercial vehicle tyre segment, the MRF's market share is 30%. Apollo controls 5% of the segment, Birla 10%, CEAT 3%, and Hankook 1%. The rest 51% is controlled by non-branded Chinese tyres.
However, Bangladesh mostly lacks in tyre manufacturing setups, which leads to tyre imports from other countries as the only feasible option to meet the demand. The company largely imports tyre from China, India, Indonesia, Thailand and Japan.
Automobile and tyre sales in Bangladesh are expected to grow with the rising in purchasing power of people as well as growing investments and joint ventures of foreign market players. The country might become the exporting destination for global tyre manufacturers.
Several global tyre giants have also expressed interest in making significant investments by setting up their manufacturing units in the country.
This reflects an opportunity for local companies to set up an indigenous manufacturing base in Bangladesh and also enables foreign players to set up their localized production facilities to capture a significant market.
It can be said that, the rise in automobile sales, improvement in public infrastructure, and growth in purchasing power to drive the tyre market over the next five years.
Headline crude prices for the week beginning 14 January 2019 – Brent: US$61/b; WTI: US$51/b
Headlines of the week
GEO ExPro Vol. 15, No. 6 was published on 10th December 2018 bringing light to the latest science and technology activity in the global geoscience community within the oil, gas and energy sector.
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