Gas Supply Agreement Form Gas Malaysia
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FAQ
A gas sale agreement (GSA) is the key agreement documenting the sale and purchase of a quantity of natural gas. This standard document GSA provides for one seller and one buyer and is drafted from a neutral point of view.
Natural Gas. A cleaner and more efficient energy solution. Natural gas is a type of fossil fuel formed millions of years ago from the remains of plants and animals deep beneath the earth's surface. Today, it has an increasingly important role in the global transition to a low-carbon energy world.
Fossil fuels, primarily coal and natural gas, accounted for about 78% of Malaysia's installed capacity at the end of 2018 and 83% of the country's electricity output in 2018 (Figures 8 and 9).
The sales gas; which comprises mostly methane, is supplied to the power, industrial and commercial sectors while ethane, butane and propane are supplied to petrochemical plants as feedstock.
Malaysia ranks 30th in the world for natural gas consumption, accounting for about 0.8% of the world's total consumption of 132,290,211 MMcf. Malaysia consumes 34,575 cubic feet of natural gas per capita every year (based on the 2017 population of 31,104,646 people), or 95 cubic feet per capita per day.