KUALA LUMPUR, May 20 (Bernama) — PETRONAS Gas Berhad Group of Companies (PGB or the Group) reported higher revenue during the first quarter ended 31 March 2020.
During the quarter, the Group implemented higher tariffs under the Regulatory Period 1 (RP1) effective 1 January 2020 until 31 December 2022 for its regulated businesses, Gas Transportation and Regasification. The higher tariffs include internal gas consumption (IGC) recovery, which is a pass-through cost. Prior to RP1, IGC was borne directly by the shipper or capacity user.