Malaysia’s energy minister has said that the country’s utility Tenaga Nasional will suffer further gas shortages for up to three months.
Currently, Tenaga is buying fuel oil for power generation because of a dwindling natural gas supply to Malaysia, which the government says is caused by maintenance issues at state-owned gas provider Petronas.
Tenaga has been asking the government for help with the costs of keeping its plants running, but today the country’s energy minister Peter Chin said that there would be no lowering of electricity prices.
“At the moment, the electricity price stays, that is a government decision,” he told Reuters. However he added: “We will look at that and see what we can do to help. Certainly we will not leave Tenaga in the woods.”
Tenaga claims that buying fuel oil has cost it an extra $684m so far in the second half of the year.