Pet Gas 2013

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DELIVERING

MOREPETRONAS GAS BERHAD

Annual Report 2013

www.petronasgas.com

DELIVERING MORE IS A NEVER ENDING JOURNEY AND A COMMITMENT UNDIMINISHED SINCE WE BEGAN THIRTY YEARS AGO, ENCAPSULATING EVERY FACET OF OUR VERY EXISTENCE BEYOND THE BOTTOM LINEA philosophy ingrained to always challenge the status quo and constantly reinvent the wheel to stay ahead of the game in our pursuit to continuously fulfil our obligations to our stakeholders, whilst cognisant of our role as a nation building partner.

Performance defines our future and performance is underpinned by our hawkeyed focus on HSE, operational excellence, and reengineering our engineering capability. Our endeavours to seek greater opportunities for growth will hinge upon our core competencies and expertise in gas plant operations, gas transmission and regasification. Where the end game always translates to what we set out to do thirty years ago, now and in the future.

PETRONAS GAS BERHAD DELIVERING MORE

OUR VISIONTo be a leading gas infrastructure and utilities company

OUR MISSION We are a business entity Gas is our core business Our primary responsibility is to add

value to this natural resource

OUR SHARED VALUES Loyalty Integrity Professionalism Cohesiveness

WHATS INSIDE3 AGM Date, Time and Venue4 Facts at a Glance6 Highlights of FY2013

DELIVERING GROWTH10 Chairmans Statement14 CEOs Business Review

DELIVERING VALUE24 Our Profile26 Our Presence28 Our Operations30 Organisational Structure and Corporate Structure31 Corporate and Management Directory32 Board of Directors34 Directors Profiles44 Management Committee46 Management Committees Profiles54 Business Strategy56 Key Performance58 Investor Relations60 Performance of Shares61 Financial Calendar62 Corporate Milestone: Our Journey 1983-201364 2013 Media Milestones66 2013 Calendar of Events72 2013 Awards and Achievements74 Past Awards78 Five Year Financial Summary80 Simplified Group Statement of Financial Position and

Segmental Analysis82 Group Quarterly Financial Performance83 Statement of Value Added84 Group Financial Review

DELIVERING TRUST94 Corporate Governance Statement106 Nomination and Remuneration Committee Report110 Nomination and Remuneration Committees Terms

of Reference112 Board Audit Committee Report116 Board Audit Committees Terms of Reference118 Independent Financial Advisors Report120 Statement on Risk Management and Internal Control128 Training Programmes Attended by Directors 2013

DELIVERING PERFORMANCE132 Gas Processing Business Review136 Gas Transportation Business Review140 Utilities Business Review142 Regasification Business Review

DELIVERING SUSTAINABILITY146 Sustainability Report: Marketplace, Workplace, Environment and Community168 Financial Statements253 Other Information

Proxy Form

IN FINANCIAL YEAR 2013, OUR LIQUEFIED NATURAL GAS (LNG)

REGASIFICATION TERMINAL IN SUNGAI UDANG, MELAKA MADE ITS

OPERATIONAL DEBUT, CONTRIBUTING A NEW INCOME STREAM TO OUR

BUSINESS AND SECURING THE SUSTAINABILITY OF GAS SUPPLIES TO

PENINSULAR MALAYSIA IN YEARS TO COME.

OUR EXISTING GAS PROCESSING, TRANSMISSION AND UTILITIES

OPERATIONS CONTINUE TO DELIVER COMMENDABLE PERFORMANCE

AND IMPROVEMENTS IN RELIABILITY AND SAFETY.

Emerald RoomMandarin Oriental HotelKuala Lumpur City Centre50088 Kuala Lumpur

Monday, 5 May 2014 at 10.00 a.m.

This annual report is available on the web at http://www.petronasgas.com

To contact us, please refer to page 31 for Corporate and Management Directory and page 267 for Corporate Directory

31st

ANNUAL GENERAL MEETING OF THE COMPANY

4PETRONAS GAS BERHAD (101671-H)Annual Report 2013

FACTS AT A GLANCE

Malaysias leading gas infrastructure and utilities company

Operating more than 2,500 km of gas transmission pipeline, with a gas processing capacity of more than 2,000 mmscfd

Established Malaysias first ever LNG Regasification Terminal which started operations in the second quarter of 2013.

5PETRONAS GAS BERHAD (101671-H)

Annual Report 2013

HEADERHEADER


HIGHLIGHTSOF FY2013

REVENUE

RM3,892.1 million+8.8%

Achieved record revenue, the highest ever since its inception in 1983, boosted by new revenue stream from the establishment of our new RGT and higher capacity reservation for the Gas Transportation segment.

PROFIT AFTER TAX

RM2,078.9 million+48%

Registered the highest ever Profit After Tax, experiencing a spectacular 48% increase from that recorded in FY2012.

STARTED UP

LNGRegasification Terminal Started the operations of the state-of-the-art liquefied

natural gas (LNG) Regasification Terminal (RGT) in Sungai Udang, Melaka in the second quarter of 2013. It is also the Malaysias first ever facility of its kind for the importation of LNG.


Annual Report 2013

DIVIDEND PER SHARE

55 sen+14%

Paid out the highest ever dividend of 55 sen per ordinary share, comprising 15 sen interim dividend and 40 sen final dividend.

TOTAL ASSETS

RM13,222.4 million+6.3 %

Total assets strengthened by RM784.1 million from RM12,438.3 million previously, augmented by the recognition of RM626.4 million deferred tax assets arising from tax allowance granted by the Malaysian Industrial Development Authority for the RGT.

MARKET CAPITALISATION

Top 10Companies Listed on

Bursa MalaysiaRecognised as one of the Top 10 companies listed on the Main Market of Bursa Malaysia, based on its market capitalisation of RM48.0 billion.

DELIVERINGGROWTH

PGB continues to contribute to the nations economic growth and progress. With renowned technical capabilities and a strong track record in operations, we will continue to expand our portfolio in order to reach greater heights and deliver value to the nation.


CHAIRMANSSTATEMENT

OVERVIEW

I am delighted to inform members that our Company celebrated its 30th year anniversary in 2013. Over the years, our Company has evolved from a gas processing and transmission entity to include power generation, liquefied natural gas (LNG) regasification and the supply of utilities to other industries, and has played a significant role in the nations industrial development. We thank you for your support.

Notwithstanding the many challenges confronting the Company, we managed to deliver a strong performance and lay a solid foundation for sustainable growth. These achievements were made possible by the commitment and dedication of our employees and the support of other stakeholders.

Datuk Anuar bin AhmadChairman

Delivering Business Excellence

PROFIT BEFORE TAX 31 December 2013

RM1,896.4 million PROFIT AFTER TAX 31 December 2013

RM2,078.9 million

MARKET CAPITALISATION

TOP 10Companies Listed onBursa Malaysia

INTERIM DIVIDEND

15 senper ordinary share

PROPOSED FINAL DIVIDEND

40 senper ordinary share


Annual Report 2013

PERFORMANCE

The Company generated a revenue of RM3,892.1 million, an increase of RM315.3 million from the previous year, contributed by the revenue from the liquefied natural gas (LNG) Regasification Terminal (RGT) in Sungai Udang, Melaka, which came into operations in May 2013.

Net profit before tax was RM1,896.4 million. Including the tax incentive granted by the Government for our RGT, we recorded a net profit after tax of RM2,078.9 million, the highest level ever.

I am also pleased to share with our members that our safety performance has very much improved this year as a result of concerted efforts in inculcating a safety-oriented mindset amongst our staff and contractors.

This year also saw the start-up of the RGT which will further enhance the security and reliability of gas supply to the nation. Third-party users, in addition to PETRONAS may use this facility to market imported gas.

We have also completed our Plant Rejuvenation and Revamp (PRR) 2 project in Kertih, after some delay. We are progressing with the PPR4 project to rejuvenate and revamp our Gas Processing Plant 4, which we expect to complete by 2015.


Annual Report 2013

DIVIDEND

The Board is recommending a final dividend of 40 sen per share. With this, the total gross and net dividend for the year is 55 sen per share, the highest ever paid by the Company.

This represents a dividend payout ratio of 75%.1

The exceptional dividend is our gesture of appreciation to shareholders who have supported us over the years and to celebrate the 30th anniversary of the Company.

OUTLOOK

PGB has concluded the new Gas Processing Agreement (GPA) and Gas Transportation Agreements (GTA) with PETRONAS which will be effective from 1 April 2014 for a period of five years being the first term from 2014 until 2019. In essence, the new GPA and GTA do not differ much, thus we expect PGBs income from GPA and GTA will remain stable.

With the RGT in Melaka fully operational and its capacity fully underwritten by PETRONAS, we can expect more contribution to our bottom-line. We can also expect additional contribution from our Kimanis Power Plant in Sabah once it is fully commissioned.

Another good news is that PGB has been appointed by PETRONAS to build and operate another RGT facility in Pengerang, in Southern Johor to serve the Refinery and Petrochemical Integrated Development (RAPID) project. If it comes to fruition, it will provide an additional income stream to PGB.

We have achieved many successes. But as a corporation that is constantly challenging itself to forge ahead, we recognise there are areas for improvement. To successfully implement the next phase of our growth, amidst a changing industry landscape, the Board had approved the corporate restructuring of PGB effective December 2013.

APPRECIATION

We would like to put on record our appreciation to En Samsudin bin Miskon, the former Managing Director/Chief Executive Officer (MD/CEO) of PGB for his immense contributions in building the Company. I am confident he will perform a commendable job in his new assignment in PETRONAS. We wish him every success.

At the same time, we would like to welcome En Yusa bin Hassan as the new MD/CEO of PGB. En Yusa brings with him years of experience and knowledge to effectively lead PGB.

I would also like to thank my fellow board members for their continued stewardship of the Company as well as for their guidance and counsel. Thank you also goes to the Management and staff of PGB for their commitment and contribution to PGBs success. I thank the various authorities for their support, cooperation and assistance provided.

Datuk Anuar bin AhmadChairman

1 Excluding recognition of deferred tax assets arising from investment tax allowance granted for the RGT amounting to RM626.4 million.


CEOSBUSINESS REVIEW

Yusa bin HassanManaging Director/Chief Executive Officer (MD/CEO)

DELIVERING MORE

I am truly honoured by the trust given to me by the Board of Directors of PETRONAS Gas Berhad (PGB) in appointing me as the new MD/CEO of PGB, taking over from En Samsudin bin Miskon in July 2013. My predecessor has contributed immensely to the growth of PGB in the last few years and I am truly privileged by this appointment to steer this Company moving forward.

As a member of the PETRONAS Group, PGB has a long heritage of operational excellence and business strength that has been the hallmark of the three decades of its existence.

With the support of our esteemed shareholders, I hope to continue building upon this heritage and strengthen the organisations fundamentals to weather future challenges.

We are committed to enhance our value through our improvement initiatives, stronger operational excellence and timely project delivery.

This is evident from the commencement of the operations of our liquefied natural gas (LNG) Regasification Terminal (RGT) in Sungai Udang, Melaka, which has already contributed favourably to our earnings within its brief existence.

Financial Performance

REVENUE 31 December 2013

RM3,892.1 million+8.8%

EARNINGS PER SHARE 31 December 2013

73.4 sen1+2.4 sen

During the year, we have also initiated a number of changes in the way we carry out our work and we hope our shareholders will continue to support us as we showcase the fruits of these efforts in years to come.

OPERATIONAL PERFORMANCE

In the year, our Gas Processing Plants (GPP) processed an average of 1,967 million standard cubic feet per day (mmscfd) of feed gas. Our Peninsular Gas Utilisation (PGU) pipeline network, which also received 403 mmscfd of dry gas from the Malaysia-Thailand Joint Development Area (MTJDA) delivered some 2,334 mmscfd of sales gas to PETRONAS end customers, an improvement from the 2,132 mmscfd delivered last year.

In our Gas Processing business, our GPP experienced a marginal decline in reliability for its liquid products, though the reliability for sales gas remained at world-class standards.

1 Excluding recognition of deferred tax assets arising from investment tax allowance granted for the RGT amounting to RM626.4 million.


Annual Report 2013

Our Gas Transportation business continued to be a bright spot for PGB as we sustained our pipeline reliability at world class standards.

Our Utilities business experienced a drop in reliability of electricity due to equipment issues experienced at our Utilities plants. However, there was a slight improvement in the reliability for steam and industrial gases.

Our newly-established Regasification business registered positive reliability and availability, which we hope will improve further as the operations mature.

We have improved our Occupational Safety and Health (OSH) performance through the reduction of incidents at the work place, injuries and fatalities, which signifies early success of our efforts to inculcate a safety-oriented mindset amongst our staff.

While we are pleased with this noticeable improvement, safety audits conducted during the year revealed areas for further improvement, especially in operational practices and process safety.

We are committed to work harder in ensuring that Health, Safety and Environmental (HSE) best practices must be at the heart of everything that we do. One of the initiatives that we undertook to drive this mindset last year was the HSE Timeout, which made it mandatory for all of PGBs management to cascade, discuss and deliberate the learnings from a selected safety incident at all levels of the organisation.

This is also to further promote and create a culture to be more mindful of various aspects of process and behavioural safety which must be observed in order to run our operations safely.


CEOSBUSINESS REVIEW

FINANCIAL PERFORMANCE

During the year under review, PGB continues to uphold its obligations under the 4th Gas Processing Agreement (GPA) and Gas Transportation Agreement (GTA) with PETRONAS. Under the arrangement, PETRONAS pays PGB a throughput fee (TF) for processing and transporting gas to PETRONAS customers.

Thanks to our concerted efforts to deliver more value, PGB delivered an improved financial performance in FY2013. The Group recorded a revenue of RM3,892.1 million, an 8.8% increase from RM3,576.8 million recorded in the previous year, contributed by additional revenue brought in by our Regasification business, which began receiving LNG cargoes in the second quarter of 2013.

As a result, the Group achieved a profit before tax of RM1,896.4 million, which is an increase of RM45.1 million from the previous year.

Profit after tax for the year under review increased to RM2,078.9 million, which is RM674.0 million or 48% higher than the RM1,404.9 million recorded in the previous year, primarily contributed by recognition of deferred tax assets arising from investment tax allowance granted for the RGT amounting to RM626.4 million.

Accordingly, earnings per share attributable to the shareholders of the Company increased to 73.4 sen from 71.0 sen in the previous year, excluding deferred tax assets arising from investment tax allowance.

PROJECT PROGRESS UPDATE

During the year, we have charted some notable milestones with our capital projects in Melaka and Sabah.

I am pleased to report that after a very challenging project implementation phase, we have completed our RGT and begun commercial operations in the second quarter of 2013.

This achievement has allowed LNG volumes to be imported into Malaysia to supplement domestic gas supplies and cushion the adverse impact of any gas shortfall on industries and other users throughout Peninsular Malaysia.

I am happy to note that the RGT has also been singled out as one of the first Entry Point Projects under the Economic Transformation Programme (ETP) Oil, Gas and Energy National Key Economic Area (NKEA) to reach the finish line.

The completion of the project also underscores PGBs commitment towards promoting the Third-Party Access Regime, which will allow other players to utilise the PGU pipeline system to transport their own gas supplies for a specified fee.

PGB is also in the midst of evaluating bids for our RGT 2 project in Pengerang, Johor. The progress of this project will be in tandem with the implementation of PETRONAS Refinery and Petrochemical Integrated Development (RAPID) project in Southern Johor.


Annual Report 2013

The Kimanis Power Plant complex developed by our joint-venture company, Kimanis Power Sdn Bhd in Kimanis, Sabah is also progressing well.

As a key project under the Power Up Sabah plan rolled out under the ETP, the Kimanis Power Plant is currently undergoing extensive commissioning for its first generation block of 100MW and is expected to achieve commercial operations by the second quarter of 2014. We expect the commissioning activities for the remaining two generation blocks to be completed by the third quarter of 2014.

Upon its completion, the project is envisioned to provide sufficient and reliable electricity supply to spur the states socio-economic development.

Closer to our existing plant operations, we have just completed Plant Rejuvenation and Revamp (PRR) 2 project, albeit slight delay undertaken at our GPP in Kertih and are still on track to realise the completion of our PRR4 as announced previously.

CORPORATE RESPONSIBILITY

Our quest in delivering more to our stakeholders extends into various aspects of Corporate Responsibility. During the year, we continued to showcase our commitment towards our shareholders and customers, our people, the environment and the communities around our operations through a number of platforms.

Corporate Responsibility in the Marketplace

We continued to do our utmost to deliver more value to our stakeholders. During the year, we remained committed to uphold high standards of corporate governance as well as sustaining high quality of our products and services.

We provided ample opportunities for interaction with our shareholders, primarily through our Annual General Meeting, which was held on 16 May 2013, coupled with our various engagements with numerous fund managers and analysts.

Profit after tax for the year under review increased to RM2,078.9 million, which is RM674.0 million or 48% higher than the RM1,404.9 million recorded last year, primarily contributed by recognition of deferred tax assets arising from investment tax allowance granted for the RGT amounting to RM626.4 million.


CEOSBUSINESS REVIEW

Corporate Responsibility in the Workplace

In our efforts to develop a high performing talent pool, we have built a strong emphasis on talent management and competency building amongst our staff.

One of the efforts introduced under this programme is the Chain Effect initiative which looked into the development of executive staff, as well as getting the commitment of line managers to assist with their career path development.

Line managers are also further empowered through the HR in Me programme, which exposed them to their various roles and responsibilities in managing their staffs career and personal growth, as well as the relevant policies and procedures that govern human resource management within the PETRONAS Group.

Corporate Responsibility in the Environment

As a responsible corporate citizen, we also continued to contribute towards preserving biodiversity and the environment.

During the year, we strived to improve the tracking of our environmental performance in the areas of water and energy consumption, as well as efforts in reducing the release of green house gases (GHG) through the use of a specialised software.

As part of efforts to inculcate greater environmental awareness, we carried out a number of activities to foster a deeper awareness on the importance of biodiversity and conservation under the umbrella of our 4G (Green Care, Green Mind, Green Ownership and Green Growth) which culminated in an Environmental Awareness Day at the ecoCareTM Environment Awareness Centre in Kertih, Terengganu. During the programme, our staff shared the importance of caring for the environment and mitigating the impact of pollution.

Corporate Responsibility in the Community

As a partner to the community, we continue to invest in capability development efforts through education. Our signature programme, Program Sentuhan Ilmu PETRONAS last year reached out to some 361 primary schools pupils in four schools throughout Malaysia, by helping them improve their academic performance through tuition classes in Mathematics, Science and English. This is further reinforced by Fun Learning Sessions to instil a sense of discipline, self-confidence and creativity through interesting learning modules. Some 134 volunteers from amongst PGB staff participated as facilitators conducting 10 specially-designed modules during 2013.

During the year, we have also adopted a new school, Sekolah Kebangsaan Cherana Putih in Melaka, in line with our business expansion in the state through the establishment of our RGT.


Annual Report 2013

IN OUR EFFORTS TO DEVELOP A HIGH PERFORMING TALENT POOL, WE HAVE BUILT A STRONG EMPHASIS ON TALENT MANAGEMENT AND COMPETENCY BUILDING AMONGST OUR STAFF

RECOGNITION

Our efforts in improving all levels of excellence did not go unnoticed.

In the area of HSE, we have received the following awards, attesting to the level of our plant and operational safety excellence during the year:

9 Malaysian Society For Occupational Safety and Health Awards - Grand Class (1); Gold Class I (2); Gold Class II (1); Gold Merit (5)

Department of Occupational Safety and Health: Excellence Award Health & Safety Gas Utility Category (1)

Institut Kimia Malaysia (IKM) Lab Excellence Award (3)

Malaysia Productivity Council (MPC):

5S Practitioner for Plant Category Certification (2)

5S Practitioner for Non Plant Category Certification (1)

ISO 9001:2008: Quality Management System

ISO 14001: Environmental Management System

SIRIM OHSAS 18001:2007 & MS 1722:2011 Occupational Health and Safety Management System

On the corporate front, our business excellence have also been recognised through the following accolades:

The Edge Billion Ringgit Club 2013

National Annual Corporate Report Awards (NACRA) 2013 - Merit Award, Industrial Products & Technology

Alpha Southeast Asias 3rd Annual Southeast Asia Institutional Investor Corporate Awards 2013 Best Senior Management Investor Relations Support award

The recognitions garnered from industry and statutory bodies have encouraged us to continue to deliver the best level of performance in years to come.


CEOSBUSINESS REVIEW

PREPARING FOR FUTURE CHALLENGES

Having experienced three decades of growth and expansion, our 30th anniversary in FY2013 allowed us an opportunity to pause, take stock of our achievements and prepare the organisation to meet the challenges of an ever-changing business, social and economic landscape.

Since our public listing in 1995, our market capitalisation has grown by more than four-fold to RM48.0 billion as at end 2013, and we are currently recognised as one of the ten largest corporations listed on Main Market of Bursa Malaysia in terms of market capitalisation. While we have enjoyed a certain measure of success, we are not immune to some challenges that may stand in the way of optimum growth.

Realising this, during the year, the Board of Directors of PGB recommended a study to be carried out to analyse PGBs current structure and operations and recommend a way forward.

Using the results of the study and extensive work by an internally-established taskforce for the Strategic PGB Organisational Review and Alignment (SPORA), a new structure was established and came into effect on 1 December 2013.

Following the restructuring, we have integrated our gas processing and utilities businesses and our transmission and regasification businesses into new divisions Gas Processing and Utilities (GPU) and Gas Transmission and Regasification (GTR) respectively, coupled with the realignment of certain functions.

This new structure has revitalised PGB into a more streamlined organisation, with an intent to achieve superior performing assets, improved HSE performance and breakthrough operational results. The new structure also reflects our desire to return to our fundamentals, which is focusing on our core business of gas processing, gas transportation, utilities and regasification while achieving improved Overall Equipment Effectiveness (OEE), as well as better manage and deliver our projects.

We are hopeful that the improvements brought about by this restructuring will deliver a positive impact on our results for FY2014 onwards.


Annual Report 2013

APPRECIATION

I would like to take this opportunity to thank my predecessor En Samsudin for building PGB from strength to strength into the Company we know today. En Samsudin and the other MD/CEOs before him have exhibited their passion and commitment in establishing PGB as a well-respected gas infrastructure and utilities company, and we are truly indebted to their legacy.

I would also want to thank our staff who have worked relentlessly day and night to ensure that we met our performance targets for FY2013. Despite all the challenges we faced during the year, they have persevered and exhibited a resilient spirit in discharging their duties, delivering more than what is expected of them, with selflessness and devotion. I hope they will continue to give their fullest commitment to PGB in the spirit of our Companys motto Together As One.

My gratitude also goes to the PGB Management Committee members past and present who have demonstrated their ability to lead our people to deliver seemingly impossible tasks and contributed ideas and insights that have made us the Company we are today. A special thanks to our former Management Committee members, Ir. Hudal Firdaus bin Dimyati, En Mohd Sukri bin Ibrahim, En Ahmad Nawawi bin Mohd Yatim and En Helmi bin Zaidan who have moved on to other units within the PETRONAS Group. I wish them the best of luck in their new endeavours.

I am also grateful to our Chairman, Datuk Anuar bin Ahmad, whose guidance and wisdom has allowed us to progress through yet another challenging but truly rewarding year. His constant encouragement and wealth of experience has inspired us to work hard to bring about the renewal of our organisation, setting the foundation for its continued success in years to come. My thanks are also for our esteemed Board of Directors for their wise counsel and stewardship of the Company during the year.

Last but not least, I would like to put on record my heartfelt appreciation to our shareholders, who continue to give their vote of confidence in PGB. We will continue to do our utmost to return superior value to your investments.

We have journeyed far in this last 30 years and we count on your support to enable us to deliver more in years to come.

Yusa bin HassanManaging Director/Chief Executive Officer

We are always thinking of ways to achieve sustainable and long term growth. We are putting the right tools and processes in place today to aim for a future where our carbon footprint is smaller and well managed. As we continue our growth momentum, the drive for a sustainable business operation will continue to remain as part of our business creed.

DELIVERINGVALUE


OURPROFILE

PGB has been in business for 30 years and is still growing strong. Since its incorporation in 1983, PGBs business has vastly expanded in spite of challenges faced. Today, PGB has prospered

as Malaysias leading gas infrastructure and utilities Company, with business presence throughout the country.

PETRONAS Gas Berhad (PGB)s core flagship businesses are Gas Processing & Utilities and Gas Transmission remain as the bread and butter of the Companys growth.

Since 1998, PGBs Utilities plants in Kertih and Gebeng have been manufacturing, supplying and marketing industrial utilities products.

PGB entered into an agreement with PETRONAS Carigali Sdn Bhd in 2007 for project management and execution of the Sabah-Sarawak Gas Pipeline Project (SSGP) which was duly completed in 2013.

In 2009, PGB ventured into power business with the formation of Kimanis Power Sdn Bhd, a joint venture company with NRG Consortium (Sabah) Sdn Bhd.

The commissioning of liquefied natural gas (LNG) Regasification Terminal in Sungai Udang, Melaka in 2013 paved way for the importation of LNG to cater the increasing gas demand in Malaysia.


Annual Report 2013

PGU I 32 km

4891gnolaK kuleT - hitreK

PGU II 685 km

Sector I : 233 km1991tamageS - gnolaK kuleT

Sector II : 241 km1991rapaK - tamageS

Sector III : 211 km1991eropagniS - tamageS

PGU III 450 km

ni - saGenilepiP niaM

Sector I : 184 km6991tumuL - ureM

Sector II : 176 km8991nuruG - tumuL

Sector III : 90 km8991huaP - nuruG

Loop 1 265 km

9991tamageS - hitreK

Loop 2 226 km

1002ureM - tamageS


Gas Processing Plant (GPP)

Utilities Plant

Compressor Station

Tenaga Nasional Berhad Power Station

Independent Power Producer Power Station

LNG Regasification Terminal

RGT Pipeline

Pipeline

Power Station

Industry

Kimanis Power Plant

Capacitymmscfd

GPK

GPS

GPPComplex

1 310

2 250

3 250

4 250

5 500

6 500

Total 2,060

PGB Total Pipeline Length(in operation)

Main 1,658 km

Lateral 374 km

C2, C3 and C4 357 km

GPP Interconnect 116 km

Sarawak 45 km

RGT 33 km

Total 2,583 km

1. TNB Paka

2. YTL Paka

3. TNB Pasir Gudang

4. YTL Pasir Gudang

5. Senoko Energy

6. Keppel Gas

7. Pahlawan Power,

Tg. Kling

8. Panglima Power,

Teluk Gong

9. Powertek,

Teluk Gong

Sales Gas Customers

10. TNB Tuanku Jaafar

11. Port Dickson Power

12. Genting Sanyen Power

13. TNB Serdang

14. TNB Connaught Bridge

15. TNB Kapar

16. GB3 Lumut

17. Segari Energy Ventures

18. Prai Power

19. TNB Gelugor

20. Technology Tenaga

Perlis Consortium

Sales Gas Customers

SESCO Miri Power Station

Sarawak Gas Distribution System

Bintulu Edible Oils Sdn Bhd

Syarikat Sebangun Sdn Bhd

Sime Darby Austral Sdn Bhd

Biport Bulkers Sdn Bhd

1

2

3

4

5

6

PULAUPINANG

20

19

18

17

16

15

GPS

Utilities Kertih

Utilities Gebeng

GPK

STRAITS

OF MELAKA

SOUTH

CHINA

SEA

PERAK

SELANGOR

PAHANG

KEDAH

KELANTANTERENGGANU

NEGERI

MELAKA

JOHOR

SINGAPORE

14

12

11

109

8

7

6 5 3

4

2

1

SEMBILAN

3

6

4

5

SARAWAK

Miri

Bintulu

SABAH

SOUTH

CHINA

SEA

Kimanis

MIRI TOWN

LUAK

Teacher Training CollegeTaman Tunku

1

2

PERLIS

N

13

LUTONG

PIASAU

PUJUT

OURPRESENCE


PGU I 32 km

4891gnolaK kuleT - hitreK

PGU II 685 km

Sector I : 233 km1991tamageS - gnolaK kuleT

Sector II : 241 km1991rapaK - tamageS

Sector III : 211 km1991eropagniS - tamageS

PGU III 450 km


Sector I : 184 km6991tumuL - ureM

Sector II : 176 km8991nuruG - tumuL

Sector III : 90 km8991huaP - nuruG

Loop 1 265 km

9991tamageS - hitreK

Loop 2 226 km

1002ureM - tamageS


Gas Processing Plant (GPP)

Utilities Plant

Compressor Station

Tenaga Nasional Berhad Power Station

Independent Power Producer Power Station

LNG Regasification Terminal

RGT Pipeline

Pipeline

Power Station

Industry

Kimanis Power Plant

Capacitymmscfd

GPK

GPS

GPPComplex

1 310

2 250

3 250

4 250

5 500

6 500

Total 2,060

PGB Total Pipeline Length(in operation)

Main 1,658 km

Lateral 374 km

C2, C3 and C4 357 km

GPP Interconnect 116 km

Sarawak 45 km

RGT 33 km

Total 2,583 km

1. TNB Paka

2. YTL Paka

3. TNB Pasir Gudang

4. YTL Pasir Gudang

5. Senoko Energy

6. Keppel Gas

7. Pahlawan Power,

Tg. Kling

8. Panglima Power,

Teluk Gong

9. Powertek,

Teluk Gong

Sales Gas Customers

10. TNB Tuanku Jaafar

11. Port Dickson Power

12. Genting Sanyen Power

13. TNB Serdang

14. TNB Connaught Bridge

15. TNB Kapar

16. GB3 Lumut

17. Segari Energy Ventures

18. Prai Power

19. TNB Gelugor

20. Technology Tenaga

Perlis Consortium

Sales Gas Customers

SESCO Miri Power Station

Sarawak Gas Distribution System

Bintulu Edible Oils Sdn Bhd

Syarikat Sebangun Sdn Bhd

Sime Darby Austral Sdn Bhd

Biport Bulkers Sdn Bhd

1

2

3

4

5

6

PULAUPINANG

20

19

18

17

16

15

GPS

Utilities Kertih

Utilities Gebeng

GPK

STRAITS

OF MELAKA

SOUTH

CHINA

SEA

PERAK

SELANGOR

PAHANG

KEDAH

KELANTANTERENGGANU

NEGERI

MELAKA

JOHOR

SINGAPORE

14

12

11

109

8

7

6 5 3

4

2

1

SEMBILAN

3

6

4

5

SARAWAK

Miri

Bintulu

SABAH

SOUTH

CHINA

SEA

Kimanis

MIRI TOWN

LUAK

Teacher Training CollegeTaman Tunku

1

2

PERLIS

N

13

LUTONG

PIASAU

PUJUT


Annual Report 2013


OUROPERATIONS

GAS PROCESSINGSituated in Kertih and Santong. Both complexes are able to process raw gas of over 2,000 million standard cubic feet per day. These plants churn out sales gas which is transmitted into PGBs Peninsular Gas Utilisation (PGU) pipeline and by-products such as ethane for petrochemical feedstock.

PETRONAS Gas Berhad (PGB) business portfolio is divided into four core operations which are G a s P r o c e s s i n g , G a s Transmission, Utilities and Regasification.

GAS TRANSMISSIONThe Control Centre is the nerve centre for more than 2,500 km of gas transmission pipelines which transports sales gas to PETRONAS customers.


Annual Report 2013

Gas Processing and Gas Transmission are closely related with the former being responsible for processing natural gas piped from PETRONAS offshore fields while the latter is responsible for transporting the processed gas via the PGU pipeline network to PETRONAS customers in Malaysia and Singapore.

The Utilities plants supports the gas value chain by supplying industrial utilities to various petrochemical plants operating in Kertih, Terengganu and Gebeng, Pahang while liquefied natural gas (LNG) Regasification Terminal facilitates diversification of PGBs business portfolio into Regasification business to fulfil Malaysias gas demand.

Following the reorganisation of PGBs business, the gas processing and utilities businesses have been merged into the Gas Processing and Utilities (GPU) Division while gas transmission and regasification businesses have been merged into Gas Transmission and Regasification (GTR) Division.

REGASIFICATIONSituated in Sungai Udang, Melaka, the plant receives LNG cargoes from LNG vessels and regasifies the LNG to be injected into the PGU pipeline network.

UTILITIESSupplies industrial utilities such as steam and industrial gases to Kertih Integrated Petrochemical Complex in Terengganu and Gebeng Industrial Area in Pahang.


ORGANISATIONALSTRUCTURE

CORPORATESTRUCTURE

BOARD AUDIT COMMITTEE

NOMINATION AND REMUNERATION COMMITTEE

BOARD OF DIRECTORS

PETRONAS GAS BERHAD

MANAGING DIRECTOR/CHIEF EXECUTIVE OFFICER

MANAGEMENT COMMITTEE

Subsidiaries

Joint Ventures

Associate

GAS PROCESSING AND UTILITIES

GAS TRANSMISSION AND REGASIFICATION

FINANCE

COMMERCIAL AND CORPORATE SERVICES

HSE AND OPERATIONAL EXCELLENCE

HUMAN RESOURCE MANAGEMENT

LEGAL AND CORPORATE SECRETARIAT

PLANNING AND RISK MANAGEMENT


Annual Report 2013

Subsidiaries

100% PGB Regas Terminal (Sungai Udang) Sdn Bhd

100% PGB Regas Terminal (Pengerang) Sdn Bhd

99% PGB Regas Terminal (Lahad Datu) Sdn Bhd1% Sabah Energy Co

Joint Ventures

50% PGB Industrial Gases Solutions Sdn Bhd50% Linde Malaysia Sdn Bhd

60% PGB Kimanis Power Sdn Bhd40% NRG Consortium (Sabah) Sdn Bhd

60% PGB Kimanis O&M Sdn Bhd40% NRG Consortium (Sabah) Sdn Bhd

Associate

41% MMC-SHAPADU Holdings26% Public Shareholders

Gas Malaysia Berhad19% Tokyo Gas-Mitsui Holdings14% PGB

CORPORATE ANDMANAGEMENT

DIRECTORY

DIRECTORS

Datuk Anuar bin Ahmad

Yusa bin Hassan

Dato N. Sadasivan N.N. Pillay

Datuk Rosli bin Boni

Ir. Pramod Kumar Karunakaran

Dato Ab. Halim bin Mohyiddin

Lim Beng Choon

Habibah binti Abdul

BOARD AUDIT COMMITTEE


Dato Ab. Halim bin Mohyiddin

Datuk Rosli bin Boni

NOMINATION AND REMUNERATION COMMITTEE

Lim Beng Choon


Habibah binti Abdul

COMPANY SECRETARIES

Intan Shafinas (Tuty) binti Hussain(LS 0009774)

Yeap Kok Leong(MAICSA 0862549)

REGISTRAR

Symphony Share Registrars Sdn Bhd(378993-D)Level 6, Symphony HousePusat Dagangan Dana 1Jalan PJU 1A/4647301 Petaling JayaSelangor Darul EhsanTel: (+603) 7841 8000Fax: (+603) 7841 8151

REGISTERED OFFICE AND BUSINESS ADDRESS

Tower 1PETRONAS Twin TowersKuala Lumpur City Centre50088 Kuala LumpurTel: (+603) 2051 5000Fax: (+603) 2051 6555

AUDITORS

KPMG Desa Megat & Co.

PRINCIPAL BANKER

CIMB Bank Berhad

STOCK EXCHANGE LISTING

Main Market of Bursa Malaysia Securities Berhad

WEBSITE

www.petronasgas.com


BOARD OF DIRECTORS

from left to right:

Yeap Kok LeongCompany Secretary

Lim Beng ChoonIndependent Non-Executive Director

Dato Ab. Halim bin MohyiddinIndependent Non-Executive Director

Dato N. Sadasivan N.N. PillaySenior Independent Non-Executive Director

Datuk Anuar bin AhmadChairmanNon-IndependentNon-ExecutiveDirector


Annual Report 2013

Yusa bin HassanManaging Director/Chief Executive OfficerNon-IndependentExecutive Director

Habibah binti AbdulIndependent Non-Executive Director

Ir. Pramod Kumar KarunakaranNon-Independent Non-Executive Director

Datuk Rosli bin BoniNon-Independent Non-Executive Director

Intan Shafinas (Tuty) binti HussainCompany Secretary


Datuk Anuar bin AhmadChairman, Malaysian (age 60)

Appointed as Director and Chairman of PETRONAS Gas Berhad on 17 August 2010.

Qualification, Skills and Experience:

Datuk Anuar holds a Bachelor of Science Degree (Econs) from the London School of Economics & Political Science, University of London, United Kingdom and had attended Harvard Business Schools Advanced Management Programme (AMP), United States of America.

He joined PETRONAS in 1977 and is currently the Executive Vice President (EVP) of Gas and Power Business, PETRONAS.

Prior to his appointment as EVP of Gas and Power Business, he held various senior managerial positions in the International Marketing Division and Corporate Planning Unit of PETRONAS Trading Corporation Sdn Bhd and PETRONAS Dagangan Berhad respectively. Datuk Anuar has held the positions of Vice President of Oil Business, PETRONAS, as well as Vice President of Human Resource Management, PETRONAS.

Datuk Anuar is a member of the PETRONAS Executive Committee and PETRONAS Management Committee. He also sits on the Board of several companies within the PETRONAS Group.

Datuk Anuar has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.

DIRECTORSPROFILES


Annual Report 2013

Yusa bin HassanManaging Director/Chief Executive Officer (MD/CEO), Malaysian (age 51)

Appointed to the Board of PETRONAS Gas Berhad as Managing Director/Chief Executive Officer (MD/CEO) on 1 July 2013.


Yusa graduated with a Bachelor of Science in Mechanical Engineering from West Virginia University, United States of America in 1984.

Yusa has a career which spans over 28 years in PETRONAS Refining and Petrochemical Businesses, covering plant technical and operations areas. He started his career in 1985 as an Engineer in the Technical Department as part of the pioneer team of PETRONAS Chemicals Group Berhads (PCG) maiden plant, ASEAN Bintulu Fertiliser Sdn Bhd. From 1998 to 2011, he held various plant senior and top management positions in PETRONAS Chemicals Ammonia Sdn Bhd, PETRONAS Penapisan (Terengganu) Sdn Bhd and PETRONAS Chemicals MTBE Sdn Bhd and Polypropylene Malaysia Sdn Bhd.

Yusa joined PCG in July 2010 as the Head of Fertiliser and Methanol Business Division. In June 2011, he assumed the position of Head of Olefins and Derivatives Business Division of PCG and was also the MD/CEO of PETRONAS Chemicals Aromatics Sdn Bhd.

Yusa is the Chairman of Kimanis Power Sdn Bhd, Regas Terminal (Sungai Udang) Sdn Bhd, Regas Terminal (Pengerang) Sdn Bhd and Regas Terminal (Lahad Datu) Sdn Bhd. He also sits on the Board of several companies within the PETRONAS Group.

External Appointments:

Director, Gas Malaysia Berhad

Yusa has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


DIRECTORSPROFILES

Dato N. Sadasivan N.N. PillaySenior Independent Non-Executive Director, Malaysian (age 74)

Appointed to the Board of PETRONAS Gas Berhad on 29 August 1995.


He graduated in Economics from the University of Malaya in 1963.

Dato N. Sadasivan began his career with the Economic Development Board Singapore upon graduation until 1967. In 1968, Dato N. Sadasivan joined the Malaysian Industrial Development Authority (MIDA) and was appointed as the Director-General of MIDA in 1984. He served in that capacity until his retirement in 1995.


Director, APM Automotive Holdings Berhad Director, Bank Negara Malaysia Director of seven private companies (Sdn Bhd)

Committee Membership:

Chairman, Board Audit Committee Nomination and Remuneration Committee

Dato N. Sadasivan has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


Annual Report 2013

Datuk Rosli bin BoniNon-Independent and Non-Executive Director, Malaysian (age 57)

Appointed to the Board of PETRONAS Gas Berhad on 1 November 2010.


Datuk Rosli holds a Bachelor of Science in Petroleum Engineering from the University of Wyoming, United States of America in 1979.

Datuk Rosli has 33 years of experience in the petroleum industry. He began his career with PETRONAS in 1980 as a Petroleum Engineer. He served as a Field Asset Manager for 5 years from 1996 to 2000. From July 2000 to March 2004, Datuk Rosli was involved in several overseas assignments at management level, namely with Premier Oil in the United Kingdom, an oil development project in Chad and exploration project in Bahrain.

From April 2004 to February 2010, he served as the General Manager (GM) in the Petroleum Management Unit in Exploration and Production Division, Senior GM of the Operations Division, in charge of all production operation both in Malaysia and overseas and as the Senior GM of the Corporate Human Resource Shared Services. He is active in the Society of Petroleum Engineer (SPE) and has served in the committee of various SPE forums and workshops.


Chief Executive Officer of Malaysia-Thailand Joint Authority (MTJA)


Board Audit Committee

Datuk Rosli has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


DIRECTORSPROFILES

Ir. Pramod Kumar KarunakaranNon-Independent Non-Executive Director, Malaysian (age 54)

Appointed to the Board of PETRONAS Gas Berhad on 25 July 2011.


Ir. Pramod holds a Bachelor of Science, Communication (Electronics) Engineering from Leeds Polytechnic, United Kingdom.

Ir. Pramod joined PETRONAS in 1984 and is currently the Vice President of Infrastructure & Utilities, Gas and Power Business, PETRONAS. Prior to assuming this position, he has held various senior positions in PETRONAS including as the Managing Director/Chief Executive Officer of PETRONAS Chemicals Ethylene Sdn Bhd, Senior General Manager and Head of Group Plant Performance Management, Group Technology Solution, PETRONAS and General Manager (Plant) of ASEAN Bintulu Fertiliser Sdn Bhd.

Ir. Pramod sits on the Boards of several companies within the PETRONAS Group.

Ir. Pramod has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


Annual Report 2013

Dato Ab. Halim bin MohyiddinIndependent Non-Executive Director, Malaysian (age 68)



Dato Ab. Halim graduated with a Bachelor of Economics (Accounting) from the University of Malaya in 1971 and thereafter joined Universiti Kebangsaan Malaysia as a Faculty member of the Faculty of Economics. He obtained his Masters of Business Administration degree from the University of Alberta, Edmonton, Alberta, Canada in 1973 and subsequently a Diploma in Accountancy from University Malaya in 1975.

He is a Council Member of the Malaysian Institute of Certified Public Accountants (MICPA) and a Member of the Malaysian Institute of Accountants (MIA). Dato Ab. Halim also sits as the Chairman of the Education and Training Committee of the Institute of MICPA. He is a past member of the Education Committee of the International Federation of Accountants (IFAC) and represented Malaysia in the Committee from 2001-2005.

He joined KPMG/KPMG Desa Megat & Co. in 1977 and had his early accounting training in both Malaysia and the United States of America. He was made Partner of KPMG in 1985. During his tenure as Partner for 17 years, he held various designations in KPMG and acted as receiver and manager and liquidator for several companies. At the time of his retirement on 1 October 2001, he was the Partner in Charge of the Assurance and Financial Advisory Services Divisions and was also looking after the Secured e-Commerce Practice of the Firm.


Director, Amway (Malaysia) Holdings Berhad Director, KNM Group Berhad Director, RCE Capital Berhad Director, DiGi Telecommunications Sdn Bhd


Board Audit Committee

Dato Ab. Halim has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


DIRECTORSPROFILES

Lim Beng ChoonIndependent Non-Executive Director, Malaysian (age 54)



Beng Choon holds a Bachelor of Science (First Class Honours) in Mathematics and Computer Science from the Australian National University, Canberra, Australian Capital Territory, Australia and has attended numerous Accenture Management Training Programs in the United States of America and the IMD Leadership Program in Switzerland.

Beng Choon was the Country Managing Director in Accenture, the global consulting, technology and outsourcing giant, before he retired in 2009. He held various positions during his 28 years tenure in Accenture, including that of Managing Partner for Accentures Resources Industry Group (Oil & Gas, Chemicals, Utilities, Natural Resources) in South Asia. He also oversaw the Management Consulting practice across industries in ASEAN.

Beng Choon has extensive experience in management consulting which spans strategy formulation, operational consulting and merger integrations and has led complex projects to deliver transformational change for multinationals as well as top Malaysian companies. Prior to moving into management consulting, he was in technology consulting covering IT Strategies and System Integration work.


Trustee for the ECM Libra Foundation Director, PETRONAS Dagangan Berhad Director, Hong Leong Bank Berhad Director, MISC Berhad


Chairman, Nomination and Remuneration Committee

Beng Choon has no family relationship with any director and/or major shareholder of PGB. He has no conflict of interest with PGB and has never been charged for an offence.


Annual Report 2013

Habibah binti AbdulIndependent Non-Executive Director, Malaysian (age 58)

Appointed to the Board of PETRONAS Gas Berhad on 13 September 2013.


Habibah graduated with a Bachelor of Economics (Accounting) from the University of Malaya. She is a Member of the Institute of Chartered Accountants in England and Wales, Malaysian Association of Certified Public Accountants and Malaysian Institute of Accountants.

She has 34 years of experience in providing audit and business advisory services to several large public listed companies, multinationals and local corporations. Habibah was previously the Group Partner of the Audit & Business Advisory Division in Ernst & Young (EY).

Habibah was a former member of the Securities Commission from 1999 to 2002.


Director, CIMB Islamic Bank Berhad Director, CIMB Investment Bank Berhad Director, Wing Tai Malaysia Berhad Director, KLCC Property Holdings Berhad


Nomination and Remuneration Committee

Habibah has no family relationship with any director and/or major shareholder of PGB. She has no conflict of interest with PGB and has never been charged for an offence.


DIRECTORSPROFILES

Samsudin bin MiskonManaging Director/Chief Executive, up to 1 July 2013, Malaysian (age 53)

Resigned as the Managing Director/Chief Executive Officer of PETRONAS Gas Berhad with effect from 1 July 2013.


Samsudin holds a B.Sc (Hons) in Chemical Engineering from Aston University, United Kingdom in 1985. He obtained a Masters of Science in Project Management from Reading University, United Kingdom in 1994. In 2005, Samsudin attended the Advanced Management Program at Harvard Business School, United States of America.

Samsudin began his career with PETRONAS in 1983 as a Process Engineer and was involved in the operations, design and project implementation of gas processing facilities in PETRONAS Gas Berhad until 1992.

He had held several positions in the PETRONAS Group including serving as General Manager (GM) in the Plant Division of OGP Technical Services Sdn Bhd and was accountable for the project management of gas processing and petrochemical plants until 2000. He then served as the GM of Malaysia LNG Dua Sdn Bhd, and subsequently as the Senior General Manager (SGM) of Malaysia LNG Sdn Bhd until 2005, managing the operations of the PETRONAS LNG Complex in Bintulu, Sarawak.

Samsudin was also the SGM of Leadership and Capability Development Department of Human Resource Management Division, PETRONAS. He was appointed as the Managing Director/Chief Executive Officer of PETRONAS Gas Berhad in March 2007. Samsudin has since assumed the position of Head of Downstream Operations, PETRONAS, effective 1 July 2013.

Samsudin sits on the Board of several companies within the PETRONAS Group.


Annual Report 2013

Dato Mohammad Medan bin AbdullahNon-Independent Non-Executive Director, Malaysian (age 55)

Dato Medan resigned from the Board of PETRONAS Gas Berhad with effect from 1 September 2013.


Dato Medan graduated with a Bachelor of Laws from the University of Malaya and had attended the Advanced Management Program at the Wharton School, University of Pennsylvania, Philadelphia, United States of America.

Dato Medan began his career in 1982 at PETRONAS as a Legal Officer at the Legal Services Department, PETRONAS and had since held various positions before his appointment as the Senior General Manager (SGM) of Group Corporate Affairs Division of PETRONAS in May 2010. Among the various senior positions he helmed in the PETRONAS Group include Managing Director/Chief Executive Officer (CEO) of Malaysia LNG Group of Companies, SGM of Group Tenders and Contracts Division, Executive Assistant to the President/CEO of PETRONAS, SGM of Corporate Services Division in PETRONAS Carigali Sdn Bhd and General Counsel for PETRONAS Exploration & Production Business. He was appointed to the Board of PETRONAS Gas Berhad on 1 November 2010.

Dato Medan possessed a proven track record in achieving various significant successes across the oil and gas value chain, to contribute towards PETRONAS overall profitability and growth.

Dato Medan was a member of PETRONAS Management Committee and attended the Boards of several companies within the PETRONAS Group until his resignation from PETRONAS in September 2013.


MANAGEMENTCOMMITTEE

from left to right:

Intan Shafinas (Tuty) binti HussainHead Legal and Corporate Secretariat

A Razak bin SaimHead Commercial &Corporate Services

Aida Aziza binti Mohd JamaludinHead Finance

Yusa bin HassanManaging Director/Chief Executive Officer


Annual Report 2013

Azlimi bin Mohd LazimHead Gas Processing & Utilities

Norarnizar bin Ali AmranHead Gas Transmission & Regasification

Barishah binti Md HanipahHead Human ResourceManagement

A Rashid bin MukriHead Planning & Risk Management


Yusa bin HassanManaging Director/Chief Executive Officer (MD/CEO), Malaysian (age 51)

Yusa assumed his current position as Managing Director/Chief Executive Officer on 1 July 2013.


Yusa graduated with a Bachelor of Science in Mechanical Engineering from West Virginia University, United States of America in 1984.

Yusa has a career which spans over 28 years in PETRONAS Refining and Petrochemical Businesses, covering plant technical and operations areas. He started his career in 1985 as an Engineer in the Technical Department as part of the pioneer team of PETRONAS Chemicals Group Berhads (PCG) maiden plant, ASEAN Bintulu Fertiliser Sdn Bhd. From 1998 to 2011, he held various plant senior and top management positions in PETRONAS Chemicals Ammonia Sdn Bhd, PETRONAS Penapisan (Terengganu) Sdn Bhd and PETRONAS Chemicals MTBE Sdn Bhd and Polypropylene Malaysia Sdn Bhd.

Yusa joined PCG in July 2010 as the Head of Fertiliser and Methanol Business Division. In June 2011, he assumed the position of Head of Olefins and Derivatives Business Division for PCG and was also the MD/CEO of PETRONAS Chemicals Aromatics Sdn Bhd.

Yusa is the Chairman of Kimanis Power Sdn Bhd, Regas Terminal (Sungai Udang) Sdn Bhd, Regas Terminal (Pengerang) Sdn Bhd and Regas Terminal (Lahad Datu) Sdn Bhd. He also sits on the Board of several companies within the PETRONAS Group.


Director, Gas Malaysia Berhad

MANAGEMENTCOMMITTEES PROFILES


Annual Report 2013

Azlimi bin Mohd LazimHead, Gas Processing and Utilities, Malaysian (age 48)

Azlimi assumed his current position in April 2012.


Azlimi holds a degree in Chemical Engineering from Lamar University, Texas, United States of America. He had also attended the Advance Management Program at the Wharton School, University of Pennsylvania, Philadelphia, United States of America in 2007.

Azlimi began his career as a Trainee Engineer in 1990 at Sabah Gas Industries in the methanol plant division and later joined PETRONAS in March 1991 as Shift Operations Supervisor, Dehydro Section at PETRONAS Chemicals MTBE Malaysia Sdn Bhd. Azlimis experience of six years in the Dehydro Section provided the platform for him to emerge as Section Head at the Export Terminal section in 1996. In 1998, he was appointed as a Senior Process Engineer and subsequently returned to the Dehydro Section, as Operations Manager within the same year. Azlimi was later promoted to Asset Senior Manager in April 2003 in the same operating unit. After 13 years at PETRONAS Chemicals MTBE Malaysia Sdn Bhd, Azlimi was appointed in December 2004 as General Manager of Gas Processing Kertih, PETRONAS Gas Berhad and thereafter at Gas Processing Santong till March 2011. Subsequently, he was appointed as President/Chief Executive Officer of Trans Thai-Malaysia (Thailand) Ltd (TTM) in Songkhla Thailand from April 2011 until March 2012.

He is currently responsible for the gas processing and utilities operations of the Company.



Aida Aziza binti Mohd JamaludinHead, Finance, Malaysian, (age 40)

Aida Aziza assumed her current position in September 2012.


Aida Aziza holds a Bachelor of Accounting and Finance from the University of Lancaster, United Kingdom. She is a Fellow of the Association of Chartered Certified Accountant of United Kingdom.

Aida Aziza began her career with PETRONAS in October 1996 as an Executive in the Budget Department of PETRONAS and in the ensuing years, has held various positions in the PETRONAS Group, including serving as General Manager for the Finance and Accounts Services Department, PETRONAS.

Aida Aziza has acquired more than 16 years of experience in accounting and finance related assignments. She has lead several Financial Reporting Standard (FRS) and Malaysian Financial Reporting Standard (MFRS) implementations for PETRONAS Group of Companies as well as the implementation of the SAP ECC6.0 for PETRONAS.

She is responsible for the management of all financial and fiscal aspects of the Group, as well as investor relations. In addition, Aida Aziza is also a Director of Kimanis Power Sdn Bhd and Kimanis O&M Sdn Bhd.

External Appointments: Alternate Director, Gas Malaysia Berhad


Annual Report 2013

Norarnizar bin Ali AmranHead, Gas Transmission and Regasification, Malaysian (age 52)

Norarnizar assumed his current position in November 2011.


Norarnizar holds a Bachelor Degree in Chemical Engineering from University Technology Malaysia and Diploma in Mechanical Engineering from Mara Institute of Technology.

Norarnizar has been in the gas industry for more than 28 years since he began his career as a Project Engineer in Gas Processing Plant (GPP) Project in 1984. He was involved in the design and project implementation of gas processing facilities.

Norarnizar has acquired vast experience in the gas transmission operation from his assignment in PETRONAS Gas Berhad taking position as Pipeline Executive, Regional Manager and finally as Senior Manager Operation in 2005. Prior to his appointment to the current position, he was Senior Manager of the Operation Engineering Department.

He is currently responsible for the gas transmission and regasification operations of the Company. He also assumes the position of Chief Executive Officer of Regas Terminal (Sungai Udang) Sdn Bhd.



Abdul Razak bin SaimHead, Commercial and Corporate Services, Malaysian (age 48)

Razak assumed his current position in February 2013.


Razak holds a Degree in Mechanical Engineering (Hons) from the University of Wollongong, New South Wales, Australia.

Razak has been with the gas industry for the past 22 years, since he began his career as a Procurement Executive at PETRONAS Gas Berhads (PGB) Transmission Operations Division (currently known as Gas Transmission and Regasification) in 1992. He later held various technical positions within PGB in the fields of engineering, gas compression and facilities management.

In 2002, Razak was appointed as the Senior Executive (Marketing) at the East Australia Pipeline Marketing Pty Ltd, a subsidiary of PETRONAS Australia Pty Ltd, where he managed the capacity marketing for the 3,000 km Moomba-Sydney gas pipeline. Subsequently, Razak was assigned to work on the Front End Engineering and Design (FEED) for the Papua New Guinea Queensland pipeline project.

Having acquired vast experience in the technical and commercial areas of the gas infrastructure industry, as well as a stint in PETRONAS international operations, upon his return to Malaysia in 2006, Razak was appointed as Manager, Gas Supply Planning, Malaysia Gas Management Department at Gas Business Unit, PETRONAS. He later headed this department from 2008 until 2011. Prior to his current position, Razak led the Gas Business Development Department.

He is currently responsible for all the commercial and corporate services of the Company. Razak has been appointed as the Chairman of Industrial Gases Solutions Sdn Bhd, a joint venture between PGB and Linde Malaysia Sdn Bhd, as well as a Director of Gas District Cooling (UTP) Sdn Bhd, Regas Terminal (Pengerang) Sdn Bhd and Regas Terminal (Lahad Datu) Sdn Bhd.

External Appointments: Director, Transasia Pipeline Company Pvt Ltd


Annual Report 2013

Barishah binti Md HanipahHead, Human Resource Management (HRM), Malaysian (age 50)

Barishah assumed her current position in March 2013.


Barishah graduated in 1986 with a Bachelor in Business Administration (Cum Laude) from the University of Toledo, Ohio, United States of America.

She began her career with PETRONAS in February 1988 as an Executive at Education sponsorship. In 1991, she joined the Human Resource Division of PETRONAS, where she was assigned to various functions.

In January 2005, she was appointed as Manager (HR Planning) in PETRONAS Gas Berhad (PGB). Subsequently, in 2006, she took on the role of Manager, Human Resource Management (HRM), in PETRONAS Chemicals Fertiliser Kedah Sdn Bhd.

In December 2011, she was appointed as the Head of Sponsorship and Talent Sourcing at Talent Sourcing & Employee Relations Department, HRM Division, PETRONAS.

Amongst her major accomplishments during her 26 years of service includes the implementation of HRIS/SAP system, and the outsourcing of medical administration for PETRONAS, the decentralisation of talent sourcing initiative, recruitment and brand enhancement initiatives as well as the Employee Referral Program.

She is currently responsible for the human resource management of the Company. Barishah is also the joint secretary of the Nomination and Remuneration Committee.



Intan Shafinas (Tuty) binti HussainHead, Legal and Corporate Secretariat, Malaysian (age 41)

Intan assumed her current position in March 2012.


Intan holds an LLB (Hons) from the University of Leicester, United Kingdom and Certificate in Legal Practice (Legal Profession Qualifying Board, Malaysia). She is also a licensed Company Secretary.

Prior to joining PETRONAS, Intan had garnered five years of banking experience having worked at several banks.

Her career in PETRONAS started in 2001 as Legal Executive with the Petrochemical Business, PETRONAS. In 2007, she was attached to the Corporate Services and Technology Department, Legal Division, providing legal advisory services in the area of intellectual property and commercialisation of technologies. In 2010, she was appointed as Senior Legal Counsel of Corporate Services, PETRONAS.

Intan then joined PETRONAS Chemicals Group Berhad in 2011 and was subsequently appointed as Senior Manager of Legal and Corporate Secretariat Department, PETRONAS Gas Berhad in March 2012.

She is currently the Company Secretary, as well as Head of Legal, responsible for all legal affairs and company secretarial services of the Group. In addition, she also assumes the position as Company Secretary for Regas Terminal (Sungai Udang) Sdn Bhd, Regas Terminal (Pengerang) Sdn Bhd and Regas Terminal (Lahad Datu) Sdn Bhd, Gas District Cooling (UTP) Sdn Bhd, Industrial Gas Solutions Sdn Bhd, Kimanis Power Sdn Bhd and Kimanis O&M Sdn Bhd.

External Appointments: Member and Honorary Secretary, Board of Visitors,

Prince Court Medical Centre


Annual Report 2013

Abdul Rashid bin MukriHead, Planning and Risk Management, Malaysian (age 47)

Rashid assumed his current position in July 2012.


Rashid holds a Bachelor of Engineering (Civil) from the University of Western Australia, Australia.

Rashid started his career in 1991 with PETRONAS Gas Berhad as a developmental executive in Construction Management and had nine years of Project Management experience in various areas from Front End to Planning and Control prior to a two years stint in marketing Pipeline Capacity of the Moomba to Sydney and Central West Pipeline in New South Wales, Australia with Australian Pipeline Trust.

Rashid then spent the next ten years of his career in PETRONAS Gas Business Unit holding various positions and acquired experience in Joint Venture Management, Gas Monetisation, Unconventional Gas and Business Development.

He is currently responsible for the planning, joint ventures and risk management of the Company.


BUSINESSSTRATEGY

Following our organisational review and alignment in FY2013, we have rolled out a new strategic framework to sustain our business, strengthen our foundation and grow within the areas of our core competencies. The new strategies are aligned to our new structure and will support our efforts to deliver more business impact in years to come.

THE STRATEGIES ARE BUILT UPON

VISIONTo be a leading gas infrastructure and utilities company

MISSION We are a business entity Gas is our core business Our primary responsibility

is to add value to this natural resource

Empowered leaders with clear ownership and accountability

Business savvy with excellent competencies to deliver value

Performance-driven culture and customer-oriented mindset


Annual Report 2013

Health, Safety and Environment (HSE) Excellence

STRONGER HSE GOVERNANCE AND ASSURANCE THROUGHOUT ALL AREAS OF PGBS OPERATIONS.

We constantly monitor our overall safety performance and ensure that we roll out the necessary interventions to improve our HSE performance.

A ROBUST HSE CULTURE

We pledge to strengthen our safety governance and adopt a safety-at-heart approach throughout our operations and projects. We ensure that the same approach is also adopted by vendors and contractors who are working for our projects and operations.

Operational Excellence

SUPERIOR PRODUCT DELIVERY AND RELIABILITY

We constantly challenge ourselves to elevate our Overall Equipment Effectiveness (OEE) and equipment reliability performance to support production and ensure minimal disruption of products to our customers, thus improving customer satisfaction.

SUSTAINABLE IMPROVEMENTS OF KEY OPERATIONAL INDICATORS

We constantly push our performance boundaries to improve our operational benchmarks and raise our achievements to the next level, knowing that these improvements will bring direct and indirect returns.

Value Optimisation & Growth

OPTIMUM COST CONTROL AND ASSET UTILISATION

We strive to achieve the best cost per unit, minimise wastage and value leakage, which translates to higher returns to our stakeholders. We ensure that we sweat our assets to generate the best value from our investment.

IMPROVED ENERGY EFFICIENCY

We endeavour to improve our energy efficiency through innovation and technological improvements that would help decrease our energy consumption per unit of production, which translates into better production costs.

STRATEGIC GROWTH IN GAS INFRASTRUCTURE AND UTILITIES BUSINESS

We ensure our growth options are built upon the Companys core gas infrastructure and utilities business, allowing us to deliver the best performance within the area of our core competencies.

PROJECT DELIVERY EXCELLENCE

We strive to be proactive in managing our projects through exhaustive planning and scoping, robust contractors selection, and constant monitoring of project timeline, cost and quality to ensure excellent delivery and stem value leakage.


KEYPERFORMANCE

THE FINANCIAL INDICATORS ASSESS THE GROUPS CURRENT YEAR PERFORMANCE AS COMPARED TO THE PRECEDING YEAR.

GROUP PERFORMANCE RATIOS

39%Net profit margin is defined as a ratio of net profit after tax to revenue.

54%Attributed to tax income arising from tax allowance as well as higher revenue and share of profit of associate and joint ventures.

20132012

54%39%

NET PROFIT MARGIN

15%ROE is defined as profit attributable to shareholders divided by the average shareholders equity for the year.

20%Improved on the back of higher net income generated for the year.

20132012

20%15%

RETURN ON EQUITY (ROE)

11%ROA is an indicator that measures the Companys efficiency in using the total assets to generate earnings.

1.60Current ratio is defined as the Companys ability to meet its short-term obligations.

16%In line with higher earnings for the year which outweighed the increase in total assets.

1.47Slightly lower due to higher utilisation of cash reserves to finance capital projects and operations during the year.

20132012

16%11%

20132012

1.471.60

RETURN ON ASSETS (ROA)

CURRENT RATIO

2012 2013


Annual Report 2013

INVESTOR RATIOS

71 senEPS represents the portion of the Companys distributable income allocated to each equity share.

73 sen*Higher in tandem with higher distributable net income for the year.

20132012

7371

EARNINGS PER SHARE (EPS)

50 senInterim and final dividends for the shareholders.

55 senThe additional 5 sen per share is as an appreciation to shareholders for continuous supports and to celebrate the 30th anniversary of the Company, coupled with contribution from liquefied natural gas (LNG) Regasification Terminal (RGT) in Sungai Udang, Melaka which commenced operations during the year.

20132012

5550

DIVIDEND PER SHARE

70%Dividend payout is defined as the percentage of earnings paid to shareholders in dividends.

32%TSR is the measure of share price performance and dividend paid during the year, divided by the opening share price.

* Excluding recognition of deferred tax assets arising from investment tax allowance granted for the RGT amounting to RM626.4 million.

75%*Higher dividend per share in line with higher earnings for the year.

27%Due to lower rate of appreciation of share price during the year.

20132012

75%70%

20132012

27%32%

DIVIDEND PAYOUT

TOTAL SHAREHOLDERS RETURN (TSR)

2012 2013


INVESTORRELATIONS

As a public listed company, PETRONAS Gas Berhad (PGB) is continuously focused on creating value for our shareholders. The Company firmly believes that it must deliver stable shareholders return as a leading gas infrastructure and utilities company. In this regard, Investor Relations form a key initiative for the Company to ensure that shareholders and investors are engaged regularly on PGBs business and strategic direction.

Financial Results Announcement

To ensure best practices, PGB aligns its practice with the Malaysian Code of Corporate Governance which promotes fair and timely disclosure of information to all shareholders and investors. The Companys operations are guided by the Main Market Listing Requirements of Bursa Malaysia Securities Berhad (Bursa Malaysia) as it continues to maintain high levels of transparency and timeliness in its financial reporting.

Date Event Share Price

10 May 2013 PGB Group Q1 FY2013 Announcement RM20.04

22 August 2013 PGB Group Q2 FY2013 Announcement RM20.08

31 October 2013 PGB Group Q3 FY2013 Announcement RM24.52

10 February 2014 PGB Group Q4 FY2013 Announcement RM23.10

Engagement with Investors

PGB places great emphasis on maintaining a strong relationship with our investors. To ensure that they are kept abreast of the Companys strategies, performance and latest development on growth pursuits, PGB continuously engages with our investors through frequent meetings with analysts and fund managers.

Analyst Meeting

During the year, PGB met with analysts and fund managers every fortnight from various financial institutions of several countries namely, Singapore, Hong Kong and the United States of America which took place in the form of face-to-face meetings and conference calls, held at our corporate office in Kuala Lumpur. During these sessions, we encouraged two-way dialogues and we obtained feedback from investors. These engagements have allowed us to better understand and attend to their interests and concerns.

There were 26 analyst meetings attended by PGB in FY2013 and the number of analysts or investment houses are as follows:

No. Country No. of Analyst/Research House

1 Malaysia 24

2 Singapore 6

3 United States of America 3

4 Hong Kong 1


Annual Report 2013

Conference

Annually, PGB participates in corporate events hosted within the region. During the year, PGB participated in Pulse of Asia held in Singapore where PGB was showcased via three one-to-one and group discussions with 39 investors. This conference has provided an opportunity for us to reach out to the investors in the international capital market community and update them with the latest developments in the Company.

Market Feedback

PGB is well covered through regular issuance of reports from research houses and had been given positive outlook and recommendation for its shares. As at 31 December 2013, PGB was covered by nine research houses, both local and foreign where 70% of the equity research reports provided favourable feedback i.e. to hold or buy Petgas shares.

In addition, PGB won Best Senior Management IR (Investor Relations) Support award at the Alpha Southeast Asia's 3rd Annual Southeast Asia Institutional Investor Corporate Awards 2013.

Investor Relations Portal

In further efforts to foster closer ties with various stakeholders, we maintain a portal via the Companys website, www.petronasgas.com. The website serves as a vital channel to extend information of interest, including annual reports, financial results, news updates and announcements to Bursa Malaysia to shareholders and the general public.

We understand the importance of having an active communication with the investment community, thus we welcome and highly value constructive feedback. Investors with useful ideas or require clarifications are encouraged to contact us at [email protected]. We look forward to interactive and on-going engagement.

CIMB Research1

Affin Investment Bank6

Kenanga Research2

Maybank IB Research7

Alliance Research3

DBS Group Research4

J.P. Morgan8

AmResearch5

RHB Research9

Research House


DIVIDEND PER SHARE +5 senFY2013 : 55 sen

FY2012 : 50 sen

SHARE PRICE +RM4.76FY2013 : RM24.28

FY2012 : RM19.52

EARNINGS PER SHARE +2 senFY2013 : 73 sen*

FY2012 : 71 sen

TOTAL SHAREHOLDERS RETURN -5%

FY2013 : 27%

FY2012 : 32%

MARKET CAPITALISATION +11 billion

FY2013 : RM48 billion

FY2012 : RM37 billion

For the Year Ended 31 December 2012

For the Year Ended 31 December 2013

For the Year Ended 28 February 2014

Share price (RM)

Volume (00)

Share price (RM)

Volume (00)

Share price (RM)

Volume (00)

Highest 20.50 81,718 24.521 35,6743 23.82 16,499

Lowest 14.70 858 18.202 207 22.82 1,538

PETRONAS Gas Berhad (PGB) was listed on the Main Board of the Bursa Malaysia Securities Berhad (Bursa Malaysia) in 1995. Since then, the Company has steadily grown to be one of the active players in the capital market especially with the realisation of its growth projects in the recent years.

Consequently, PGB currently has a market capitalisation of RM48.0 billion, ranking it as one of the top ten companies listed on the Main Market of Bursa Malaysia. PGB was recognised by The Edge Billion Ringgit Club as one of the top three companies industrial product sector which provided the highest return on equity over the last three years.

The Companys substantial shareholders are Petroliam Nasional Berhad, Employees Provident Fund (EPF) Board and Kumpulan Wang Persaraan (Diperbadankan), which together account for 80% of the shareholding in PGB. On top of this, the foreign shareholding as at 31 December 2013 stood at 6.7%.

PGBs share price has experienced persistent growth of 27% during FY2013. It started the year at RM19.52, rose to its peak on 31 October 2013 and gradually headed down towards the end of the year to RM24.28. The highest share price during the year of RM24.521 was the highest price ever recorded by PGB since the Companys listing on Bursa Malaysia whilst the lowest share price was at RM18.202. The movement in the share price was fundamentally in tandem with FTSE Bursa Malaysia (FBM) Kuala Lumpur Composite Index (KLCI) and supported by the Companys growth activities particularly in regasification and power business. The Companys shares were actively traded throughout the year with the highest volume being 3,567,400 units3.

PERFORMANCEOF SHARES

* Excluding recognition of deferred tax assets arising from

investment tax allowance granted for the RGT amounting to

RM626.4 million.


Annual Report 2013

Volume

Year 2013 Year 2014

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Jan Feb

Closing Price (sen)/Composite Index

Shares

Volume Composite Index Closing Price

0

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

100

300

500

700

900

1,100

1,300

1,500

1,700

1,900

2,100

2,300

2,500

2. Lowest share price

3. Highest volume

1. Highest share price

RESULTS

First Quarter ended 31 March 2013 Announced On 10 May 2013

Second Quarter ended 30 June 2013 Announced On 22 August 2013

Third Quarter ended 30 September 2013 Announced On 31 October 2013

Fourth Quarter ended 31 December 2013 Announced On 10 February 2014

DIVIDENDS

Interim Entitlement Date 10 September 2013 Paid On 20 September 2013

Final Entitlement Date 14 May 2014 Payable On 10 June 2014

ANNUAL GENERAL MEETING

NOTICE OF ANNUAL GENERAL MEETING 9 April 2014

THIRTY FIRST ANNUAL GENERAL MEETING 5 May 2014

FINANCIALCALENDAR

FINANCIAL YEAR FROM 1 JANUARY 2013 TO 31 DECEMBER 2013


CORPORATE MILESTONE:OUR JOURNEY 1983-2013

1983 + 1993 2003 + 2013

1999 Commissioning of GPP5 and GPP6, first delivery of electricity from CUF Kertih and CUF Gebeng to customers.

1991 Commissioning of PGU 2 and the official opening of the Segamat Gas Transmission Operation Centre by Prime Minister of Malaysia, Tun Dr. Mahathir bin Mohamed.

1992 First sales gas delivery to Senoko Power Station in Singapore via submarine pipeline and the commissioning of GPP2 and GPP3.

1994 Commissioning of GPP4.

1995 Signing of a 20-year agreement between PGSB and PETRONAS for the provision of services relating to Gas Processing and Gas Transmission Agreement (GPTA) in Malaysia on 31March 1995 with effective date 1April 1994.

Conversion of PGSB from private limited to a public listed company (PETRONAS Gas Berhad) and was listed on the main board of Kuala Lumpur Stock Exchange (now Bursa Malaysia Securities Berhad (Bursa Malaysia)).

1998 Completion of PGU 3 project and the signing of first Sale and Purchase Agreement with Centralised Utility Facilities (CUF).

1983 PETRONAS Gas Sdn Bhd (PGSB) was incorporated as a wholly-owned subsidiary of PETRONAS on 23May 1983.

1984 Commissioning of Peninsular Gas Utilisation (PGU) 1; Commissioning of Gas Processing Plant (GPP) 1 and first gas in; First sales gas delivery to power and industrial customers.

1987 Appointment of PGSB as throughput and servicing agent to PETRONAS in relation to the PGU project in Peninsular Malaysia (Throughput Agreement) on 2November 1987.


Annual Report 2013

1983 + 1993 2003 + 2013

2005 First gas-in from Malaysia-Thailand Joint Development Area; Signing of Operation and Maintenance Services Agreement with Trans Thai- Malaysia (M) Sdn Bhd.

2007 Signing of Project Execution Services Agreement with PETRONAS Carigali Sdn Bhd for Sabah-Sarawak Gas Pipeline (SSGP) Project.

2008 S ign ing of Shareholders Agreement (SHA) with NRG Consortium (Sabah) Sdn Bhd, a subsidiary of Yayasan Sabah on 24 November 2008 for the establishment of Kimanis Power Sdn Bhd, a 60:40 joint venture company tasked with the development of a 300 megawatt power plant in Kimanis, Sabah.

2009 Ground breaking ceremony of Kimanis Power Plant project on 26 November 2009 by Chief Minister of Sabah, Datuk Seri Panglima Musa bin Haji Aman.

2010 Prime Minister of Malaysia, Dato Sri Mohd Najib bin Tun Haji Abdul Razak announced on 10 June 2010 the development of Malaysias first liquefied natural gas (LNG) Regasification Terminal (RGT) in Sungai Udang, Melaka by PETRONAS under the 10th Malaysia Plan. PETRONAS assigned PGB to undertake the RGT project on 29 June 2010.

2011 Signing of Engineering, Procurement, Construction, Installation and Commissioning Alliance agreement between PGB and a consortium of contractors for LNG Regasification Facilities Project on 25 February 2011. PGB unveiled the PGB Network Code on the 23December 2011 to the public via official announcement to Bursa Malaysia.

2012 Signing of a Power Purchase Agreement (PPA) between PGB and Sabah Electricity Sdn Bhd (SESB), witnessed by Prime Minister of Malaysia, Dato Sri Mohd Najib bin Tun Haji Abdul Razak and Chief Minister of

Sabah, Datuk Seri Panglima Musa bin Haji Aman on 16 February 2012.

Official launch for mechanical completion of the RGT in Sungai Udang, Melaka by the Prime Minister of Malaysia, Dato Sri Mohd Najib bin Tun Haji Abdul Razak and the Chief Minister of Melaka, Datuk Seri Haji Mohd Ali bin Mohd Rustam on 4 June 2012 in conjunction with World Gas Conference 2012.

2013 Commissioning of RGT in Sungai Udang, Melaka on 23 May 2013; Commissioning and testing of Kimanis Power Plant.

64PETRONAS GAS BERHAD (101671-H)Annual Report and Accounts 2013

Documents

Pet Gas 2013