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Malaysia cuts average natural gas price for non-power sector users

KUALA LUMPUR (NewsRise) -- Malaysia has decided to cut the average natural gas price by 2.74% for users in the non-power sector for the first six months of next year, a move that analysts said will help lower costs for export-reliant manufacturers such as glove-makers.

The average base tariff of 26.31 ringgit ($5.9) for every million British Thermal Unit will be effective January 1, the Energy Commission said in a statement, compared to the current rate of 27.05 ringgit for each unit. Natural gas prices in Malaysia are controlled by the government and reviewed every six months.

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