KUALA LUMPUR: Petronas Gas Bhd’s (PetGas) shares fell in early trade on Wednesday following the fire incident at its pipeline in Putra Heights, Selangor, on April 1.
The counter dropped 1.78%, or 30 sen, to RM16.58, with 153,500 shares traded at 10.54 a.m.
Earlier, trading in PetGas securities was halted at 9 a.m. and resumed at 10 a.m.
PetGas said the affected pipeline was isolated and the fire contained by 4 pm on April 1, with all relevant stakeholders informed.
“PetGas is working closely with all relevant parties to ensure the safety of the surrounding community, environment and security of gas supply to the nation, which remains our utmost priority.
“At this juncture, the financial and operational impact of this incident is still being assessed,” it said.
Meanwhile, its parent company, Petroliam Nasional Bhd (PETRONAS), has committed to working closely with relevant ministries and agencies to provide timely and meaningful support to the families affected by the fire incident near Putra Heights, Puchong, Selangor.
PETRONAS said PetGas, which owns the affected pipeline, would be collaborating with government authorities to assess the full impact of the incident. The group is also taking proactive measures to ensure the continued security of the gas supply.
Petronas stressed that its top priorities during the recovery process are ensuring public safety, assisting those impacted, and safeguarding the gas supply, while investigating the cause of the incident.
