Submitted by admin on December 2, 2011
KUALA LUMPUR, Dec 1 — Petronas said today that it is no longer willing to provide gas subsidies to cover for Tenaga Nasional Berhad’s inefficiencies. This comes as TNB posted massive losses in the last quarter due to the need to use more expensive alternative fuels due to the shortage of locally supplied subsidised natural gas. “We are not ...
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