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With the growth in natural gas demand, my country is expected to import approximately 12.2 million tons of liquefied natural gas annually, equivalent to the supply of about 170 LNG carriers. Therefore, it is necessary to further strengthen the relevant infrastructure.
While the impairment is quite significant, the good thing is that it’s a non-cash adjustment, so there’s no impact on the RL’s cashflows. It also shows that the Group is taking a realistic and prudent approach in valuing the investment based on the current market price. With the investment now carried at a much lower value, this could provide a cleaner position going forward
RL strategy comes amid growing global demand for LNG as countries seek reliable energy sources while transitioning away from coal. Global LNG demand is projected to approach 700 million tonnes annually by 2050
Reservoir Link is looking to leverage future RGT developments, including Petronas' planned terminal in Lumut and Gas Malaysia's proposed terminal in Yan, to supply gas directly to power producers
If they secure these supply deals from the new Petronas and Gas Malaysia terminals, the expansion into power producer markets confirm why many investors looking at this as a serious growth stock
The chart is showing a nice steady climb and the momentum is building up slowly but surely. Looking at the energy sector outlook, Reservoir Link is definitely sitting on some solid potential for us to ride this wave.