Revenue distribution by sectors:

1. Gas processing: approx. 40%
2. Gas transportation: approx. 30%
3. Regasification: approx. 20%
4. Power generation: approx. 10%

TOP 3 markets and their percentage shares:

1. Malaysia: approx. 70%
2. Singapore: approx. 15%
3. Thailand: approx. 10%

PETRONAS Gas Berhad generates the majority of its revenue from gas processing and gas transportation, reflecting the company's core areas. The domestic market of Malaysia is the most significant market for PETRONAS Gas Berhad, followed by Singapore and Thailand, which are also important consumers of gas products. These markets benefit from the geographical proximity and well-established trade relationships in the region.

Production Sites:

PETRONAS Gas Berhad mainly produces its products in Malaysia. The key locations include:

• Kerteh, Terengganu: This is where a large gas complex is located, responsible for the processing and distribution of natural gas.
• Gebeng, Pahang: Another significant site for gas processing.
• Bintulu, Sarawak: Known for the production of liquefied natural gas (LNG).

These sites are strategically chosen to ensure the availability of resources and proximity to key markets. PETRONAS Gas Berhad is a leading provider of gas infrastructure and services in Malaysia, playing a crucial role in the national energy supply.

Investments in Renewable Energies: 20% of the investment budget (2024)

Expansion of Infrastructure: Planned capacity increase by 10% by 2026

PETRONAS Gas Berhad is pursuing a strategy aimed at sustainable growth and diversification. A key component of this strategy is the investment in renewable energies, with 20% of the investment budget allocated for projects in this area in 2024. This demonstrates the company's commitment to reducing its dependence on fossil fuels and focusing on more environmentally friendly alternatives.

In addition, PETRONAS Gas Berhad plans to expand its infrastructure capacities by 10% by 2026. This capacity increase is intended to enhance efficiency and improve the company's ability to respond to increasing demand. Through these measures, PETRONAS Gas Berhad is positioning itself to meet current market requirements and capitalize on future growth opportunities.

Main raw materials: Natural gas, liquefied natural gas (LNG)

Countries of origin: Malaysia (local sources), Qatar, Australia

PETRONAS Gas Berhad sources the majority of its natural gas from local sources within Malaysia, as the country has significant natural gas reserves. In addition, the company imports liquefied natural gas (LNG) from international markets to meet demand and ensure supply security. The main suppliers of LNG are Qatar and Australia, which are among the largest LNG exporters globally.

This import strategy enables PETRONAS Gas Berhad to benefit from competitive prices and stable deliveries, which are crucial for maintaining their market position.

Market share in Malaysia: Over 50% (2023)

EBITDA margin: 55% (2023)

PETRONAS Gas Berhad (KLSE:PETGAS) has a significant competitive advantage, especially due to its dominant market position in Malaysia. With a market share of over 50% in 2023, the company is a leading player in the gas infrastructure and processing sector.

The high EBITDA margin of 55% demonstrates the efficiency and profitability of the company. This margin is above average compared to many international competitors, indicating strong cost control and effective operational management.

In addition, PETRONAS Gas Berhad benefits from the support of its parent company PETRONAS, one of the world's largest oil and gas companies. This provides access to extensive resources and technological innovations that further enhance competitiveness.

Institutional Investor Share: approximately 50% (estimated for 2025 based on trends until 2023)

Insider Buys/Sells: No significant changes reported (estimated for 2025)

The institutional investor share in PETRONAS Gas Berhad has remained stable at around 50% in recent years. This stability demonstrates the ongoing trust of institutional investors in the company and its long-term strategy.

Regarding insider buys and sells, there have been no significant changes in recent reporting periods. This suggests that the management and other insiders have confidence in the current company strategy and its future development.

Market share of PETRONAS Gas Berhad: Estimated 25% (2025)

Main competitors and their market shares:

1. PETRONAS Gas Berhad: 25%
2. Gas Malaysia Berhad: 20%
3. Shell Malaysia: 15%
4. ExxonMobil Malaysia: 12%
5. Tenaga Nasional Berhad (TNB): 10%
6. BHP Malaysia: 8%
7. Chevron Malaysia: 5%
8. BP Malaysia: 3%
9. TotalEnergies Malaysia: 2%

Moat of PETRONAS Gas Berhad:

PETRONAS Gas Berhad possesses a significant moat due to its strong market position in Malaysia and its close connection to its parent company PETRONAS, one of the largest oil and gas companies globally. This connection provides access to extensive resources and technologies that may be lacking for other competitors.

Furthermore, PETRONAS Gas Berhad benefits from a well-developed infrastructure and supply network that efficiently facilitates the transportation and distribution of gas. This represents a significant advantage over smaller competitors that may not have the same infrastructure.

In comparison, Shell Malaysia also has a strong moat due to its global presence and innovation capabilities. ExxonMobil Malaysia and Chevron Malaysia benefit from their international networks and technological capabilities, providing them with a competitive edge.

Overall, PETRONAS Gas Berhad remains a leading player with a robust moat in the Malaysian gas market due to its local dominance and strategic partnerships.

Revenue Growth: 4.2% (2024) Profit Growth: 3.8% (2024) Dividend Yield: 4.5% (2024)

PETRONAS Gas Berhad achieved a moderate revenue growth of 4.2% in 2024, attributed to stable income from gas transportation and processing. Profit growth stood at 3.8%, indicating effective cost control and operational efficiency improvements.

The dividend yield of 4.5% is attractive to investors seeking stable returns. PETRONAS Gas Berhad has a long history of dividend payments, underscoring confidence in the company's financial stability and ability to generate returns.

Overall, PETRONAS Gas Berhad demonstrates solid fundamental data pointing to stable financial performance. For investors interested in long-term investments with regular dividends, the stock could be a rewarding investment. However, it is advisable to also consider macroeconomic conditions and energy market developments before making a final investment decision.

Dividend Yield: 4.5% (2025, estimated)
Dividend History: Consistent payout over the last 5 years

PETRONAS Gas Berhad is known for its reliable dividend policy. In recent years, the company has consistently paid out dividends, indicating a stable financial performance and a solid cash flow position.

The dividend yield of approximately 4.5% in 2025 reflects the attractiveness of the stock for income investors. The consistency of the payouts suggests that PETRONAS Gas Berhad pursues a sustainable dividend policy, supported by stable revenues from the gas business and long-term contracts.