KUALA LUMPUR: Petronas Gas Bhd
(PetGas) has raised its capital expenditure (capex) to up to RM1.3bil for the financial year ending Dec 31,2021 (FY21) from RM1.1bil last year on the back of new growth projects and pick-up in activities.
Chief financial officer Shariza Sharis Mohd Yusof (pic) said the allocation of the capex would be RM1.2bil to RM1.3bil due to new projects including the 42km lateral gas pipeline for the Pulau Indah power plant as well as increase in activities this year in line with the country’s economic recovery.
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