Uzma Engineering, a subsidiary of Malaysian oil and gas service and equipment firm Uzma Group, has been awarded two LNG licences by Malaysia’s Energy Commission.
One licence is to import LNG into a regasification terminal and the other to transport or distribute natural gas in Malaysia. The licences are valid for ten years from 3 February 2021. Uzma says that the licences are part of its five-year plan to broaden its earnings base.
‘We are excited to embark on this new opportunity within the LNG space and to play a role in ensuring the country’s energy needs are met. These licences will enable Uzma to continue to support the Malaysian energy sector and diversify our business further downstream,’ says Uzma Group CEO, Dato’ Kamarul Muhamed.