National Gas Company Commences Operations in Malaysia
Kuala Lumpur, November 2012 – On November 08, 2012, National Gas Company SAOG successfully commenced operations of its subsidiary NGC Energy Sdn.Bhd. in West Malaysia.
The acquisition of Shell LPG assets made NGC Energy the second largest LPG company in the market with 25% market share and volumes exceeding 280,000 MT per annum. With bottling facilities in Port Dickson, Pasir Gudang and Ipoh and over 1.5 million cylinders in the market through 50 distributors, NGC Energy gains access to the length and breadth of the peninsular Malaysian market. The yellow coloured LPG cylinders which have been warming the hearts of Malaysian homes for the past forty years will be reintroduced to the domestic customers with a new name – MIRA Gas. “Our current goal is to preserve the high standards set by Shell, and to grow the business organically,” affirms NGC Chairman Sh. Abdulla Suleiman Hamed Al Harthy. “The next phase is to add value to the operations and business by providing our customers with unparalleled service.” NGC Energy plans to work closely with the existing distribution infrastructure throughout West Malaysia and expand the network in the near future. The company will also maintain its current practices in terms of safety requirements in compliance with the government’s guidelines. NGC Energy’s immediate goals include installing Malaysia as a hub to grow its business regionally. “We are extremely excited in extending a welcome to our Malaysian customers, business partners, and employees to be part of the National Gas family,” says Goutam Sen, CEO, National Gas Company SAOG. “The acquisition of this strategic business reaffirms our commitment to broaden our business in Malaysia and the region. This is our strategy to give our shareholders added value through profitable operations in Asia, which serves as a strong complement to our traditional market in the Middle East. Our long-term plan is to become a major player in the energy sector in Malaysia, which promises a steady growth supported by the expanding relations between Oman and Malaysia.” The rationale for the new brand name, explains Sen, signals a sense of uniqueness for easy recognition. “The name ‘Mira’ translated means prosperous – and it signifies the brand promise of offering efficient energy solutions.” The local NGC Energy management team comprises key personnel from Shell, that will continue to enhance the value of the LPG business in the region, coupled with National Gas’ technical and operational expertise. “We are confident that NGC Energy’s market entry will continue the established tradition set by Shell in providing consumers with safe, reliable and customer-focused products and services”, says Julianna Kamaruddin, General Manager, NGC Energy Sdn.Bhd. “One of the pillars of our business is our team’s passion for the business, and that will be maintained with our dedicated staff, supportive business partners and loyal customers.” Business expansion is likely to be more aggressive given NGC Energy’s credentials and specialisation in the LPG sector in the Middle East.
About National Gas National Gas Company, SAOG, is a fully Omani owned Joint Stock Company with a share capital of RO 2.5 Million Company in the Sultanate of Oman. NGC has been the lifeline of LP Gas supply in the Sultanate of Oman for the past three decades. The plants spread all across the Sultanate help cater to domestic, commercial and industrial customers across the Sultanate. Besides LP Gas equipment and cylinder supply, Bulk Gas Installation and Supply, NGC has diversified into Synthetic Natural Gas, Cutting Gas and all gas related services, products and activities in Oman and across the GCC. For more information on National Gas, please log on to www.nationalgasco.net
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Executive Assistant to the CEO
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