Assalamu alaikum and good day everyone. Welcome to Petronas Kesperat's Analyst Briefing for the Second Quarter Ended thirtieth June twenty twenty five. Thank you for joining today's session organized via the Microsoft Teams platform. I'm Suri, Head of Investor Relations PGB, and I have with me Inchek Abdul Adiz Osman, Managing Director and CEO of Petronas Ges Barad and Incheid Shaharul Azham Sukayman, Chief Financial Officer. The Petronas Ghaz Berhat's analyst briefing for the 2025 It divided into four segments. The first segment, Inche Aziz will present the key highlights for Petronas Gasperat for the first six months. Next, in the second segment, the business updates and financial performance will be shared by Incheid Shahruar Azham. This will be followed by the third segment where Incheid Aziz will share PGB's focus moving forward. And finally, in the fourth segment, we will open the session for Q and A. All participants are reminded to obey the session's rule where everyone should be on mute throughout the presentation. The presentation was also shared with you prior to the session through this Microsoft Teams channel for your reference. You are allowed to ask questions during Q and A. Please be reminded to press the raise hand button to open the microphone for the selected participant. You may also post your question in the chat box, and we will select any question to be answered. For reference, our financial results is now available at both Bursa Malaysia and PGB websites. To continue with the briefing, I call upon Che Aziz to share his presentation. Che Aziz? Thank you, Soren. Alhamdulillah alaikom, and good afternoon, ladies and gentlemen. Thank you for joining us for Agnes Gasperhard Q2 twenty twenty five performance results. I would like to first update you on the fire incident involving our asset in Putra Heights. Since the incident in April, PGB has been closely collaborating with the regulatory authorities, gas shippers and distributors to minimize the impact of the incident in the affected areas. We move first swiftly, not only to address the operational aspect and gas supply services, but also to stand alongside the people and communities affected, and we do so with transparency and accountability. In that regards, we fully recognize the public concerns surrounding the safety of the pipeline system, Especially with the continuity of gas flow through the network, we have initiated a two phase repair process on the damaged pipeline. Under Phase one, we focus on recovery activities, which resulted in the DOS approved gas in for the temporary Putra Heights pipeline on first July. And this has restored regular gas supply to the Peninsular Gas Utilization Pipeline, PGO. Phase two, which we are now in work, will focus on permanent replacement of the gas pipeline. This is expected to be completed in the 2026. While the permanent repair works are underway, we have engaged with our internal and external stakeholders to reinforce the safety and of course the integrity of our PGU. Our pipeline system is designed with multiple layers of safety and resilience underpinned by over three decades of engineering and operational experience. We'll be working continuously to ensure secure and reliable gas delivery, homes, industries and the nation power sector. So having said that, we now will be moving on to the key highlights that shape our first half financial and business performance. Ladies and gentlemen, I'll begin with the factors that influence PGB business operating environment. Similar to what we have seen in quarter one twenty twenty five, PGB continues to be impacted by the key developments and a continuing high cost business environment. In quarter two twenty twenty five, the MRP dropped to RM39.05 per MMBtu and is expected to rise slightly to RM39.24 in quarter three and this is in line with Brent trends. Although MRP marked slight reduction quarter on quarter, we are anticipating it to remain elevated in the coming quarters. Meanwhile, the Service Provincial Price Index rose to 116.9, indicating elevated business costs. Although there's no direct impact from the recent Trump tariff yet, we closely monitor the situation. In quarter two, Ringgit continued to strengthen at RM4.31 against the USD. At this stage, product fluctuation impact on our projects remain minimal. Our team continues to monitor the development ForEx market and is well prepared with mitigation measures to manage administration. So amidst the elevated cost of doing business, fluctuating commodity prices and cracks, conditions impacting business operation, PGB continued to maintain a healthy performance throughout the first six months of financial year 2025. Racking our similar achievement in the first quarter, our success in delivering healthy performance anchored on our consistent operational performance across all business segments. Post Uttarahat incident, there were areas affected by gas supply. But as a result of collaboration with key stakeholders, the impact was minimized and gas supply fully restored on first July twenty twenty five. Prudent cost management, risk monitoring and management have led to a healthy 2025. Having said that, comparing to 2024. PGP Group revenues stood at billion, a decrease of 2.5% or million and this is mainly attributable to lower revenue from Utilities segment, in line with the lower product prices and gas transportation segment, following a downward tariff adjustment arising from sharing factor of prior year's lower internal gas consumption. Gross profit declined by 4.4% or million dollars This is due to tighter margin recorded at Gas Transportation segment and as mentioned in line with lower revenue coupled with costs incurred for the gas supply restoration works during the Putra High incident. This was cushioned by lower fuel gas cost in utility segment in tandem with lower fuel gas price. TBT marginally decreased by 0.4% or million dollars reflecting lower gross profit. Impact was negated by favorable foreign exchange movement and higher share of profit from JV companies and also mainly to higher repair and maintenance incurred in the corresponding year. Profit for the period rose by 0.9% or million following lower tax expense from lower profit and this excluding the joint venture company's share of profit. EBITDA and EPS were comparable at 1,694,400,000.0000 and NIS 46.44 respectively. This is a slight decrease in profit attributable to shareholders of the company. Board of Directors has approved a second interim dividend of RM0.16 per ordinary share and this is amounting to RM316.6 million in respect of financial year ending thirty first December twenty twenty five. On the business update for quarter two twenty twenty five, we are continuously expanding our asset base that align with our growth strategy. In May, we reached final investment decision in fibre optic infrastructure project as part of ongoing effort to maximize our existing asset. Our wholly owned subsidiary PG Lingaran Fibers in Lembahat commissioned the construction of fiber optic along PGB Sparkline right of way in July. We also received the network facility provider and network service provider licenses from Malaysian Communication and Multimedia Commission. And this marked a pivotal step in the company's strategic growth, enabling the development of a secured and scalable fibre optic backhaul infrastructure to support both internal operational requirements and strategic ventures into new business. We entered into shareholders agreement with Sabah Electricity Semblad and Sabah Energy Corporation Semblad to develop a new power plant with a capacity of 120 megawatt in Naboan, which we achieved FID on May. This project aligns with our strategy to expand our presence in the energy sector and contribute to sustainable energy development in Malaysia. Ladies and gentlemen, now we have come to the details of our business and financial performance. This section as always will be presented by NJ Charron. Over to you Charron. Thank you, J. Aziz and good day everyone. I will take you through the individual business segment financial performance for quarter two twenty twenty five. That will be the Gas Processing segment. For this quarter, the Gas Processing segment has maximized performance based incentive and recorded 100% overall equipment effectiveness or OEE, sustaining plant reliability with high recoveries as well as global plant slowdown with zero interruption to customer. Against the corresponding quarter, quarter two twenty twenty four, segment revenue fell by 1.2% due to lower ITC incentive from reduced volume of saving following the statutory plan turnaround. However, gross profit increased by 1.4% thanks to lower operating expenditure. Against preceding quarter, quarter one twenty twenty five, admin revenue slipped 0.2% from lower IGC saving following the statutory plant turnaround activities that were carried out during the quarter, while gross profit fell by 3.4% due to higher operating expenditure. Against corresponding period of 2024, gross profit increased by 3.7% or 15,200,000.0 in line with lower operating expenditure. Moving on to the next business segment, as mentioned by Mr. Alis earlier, the group's pipeline network have been reliable during the quarter, despite the Putra Heights Fire Incident on the 04/01/2025, signify signifying our commitment in ensuring uninterrupted gas supply. We work continuously to restore the pipeline services in the affected areas and have the chief guest in for the temporary bypass line on the 07/01/2025. And as I mentioned earlier, the permanent pipeline replacement works currently progressing. Gross profit for the quarter and year to date was lower compared to the comparative periods due to one off costs from temporary repair works at Kutra Heights. Excluding this event performance remain comparable and results are expected to normalize moving forward. Having said that, again the corresponding quarter, quarter two twenty twenty four Revenue dropped 4.3% or R12.5 million dollars due to tariff adjustment under IVR framework linked to the lower Internet gas consumption in the prior year. While gross profit fell by 23.4 from costs related to gas supply operation after the April incident. Against the preceding quarter for 2025, gross profit fell by 16.3% or RM23.2 million while against corresponding period 2024 gross profit fell by 17.8 or RM56.6 million. So this tighter revenue because of the revenue adjustment as well as the cost incurred for the temporary bypass levita in July 2025. Moving on to the next business segment, our group's LNG regasification in Sungai Mugang, Malacca as well as Pungarang Guru sustained their strong reliability performance during the quarter. Our regasification terminal ensures strong equipment and plant reliability by following preventive maintenance programs, analyzing failure trends, and conducting root cause analysis on critical incidents. Against the corresponding quarter, quarter two twenty twenty four, revenue was marginally lower by 0.2 following downward tariff adjustment. Gross profit declined by 3.1% or R4.9 million mainly due to high operating expenditure coming from the planned compressor maintenance apart with marine loading arms parts purchased during the quarter. Against preceding quarter, quarter one, twenty twenty five gross profit improved by 5.8% or million due to low operating expenditure as a result of lower repair and maintenance activities. Against corresponding period of 2024, segment revenue declined marginally by 0.7% following downward tariff adjustment, while gross profit reduced by 5.4 or R16.8 million dollars due to high operating expenditure mainly related to maintenance activities. Moving on to the Utilities segment, our Utilities plant that is close to 100% product delivery reliability for all products during the quarter. For corresponding quarter comparison to quarter two twenty twenty four, revenue reduced by 7.1% or 38,700,000.0 mainly due to lower price of steam and industrial gas products in line with downward fuel price gas price and the demolition reference price or MRP. The average fuel gas price was lower by about 10% at 44.42 ringgit per MMBtu versus last year of RM49.24 per MMBtu. However, segment result rose by 14.3% or RM10.7 million primarily due to favorable impact of the lower fuel gas cost. Against preceding quarter, quarter one twenty twenty five, segment result rose by 22.7% or million, again following the favorable impact of lower fuel gas price, following the downward movement of Malaysian reference price MRP. Against corresponding period 2024, gross profit rose by 3.3% or million due to the favorable impact lower fuel gas costs in line with MRP price movement coupled with lower operating expenses. Moving on to the group's performance. This quarter, our group performance was driven by our guest processing who achieved 100% OEE with improved energy efficiency and no supply disruptions. Gas transportation remained reliable with speed speed response to the Plural heights incident ensuring continued services to our customer. The gasification terminal sustained strong reliability through proactive maintenance while utilities performance was steady with higher electricity exports offsetting lower industrial gas output due to unplanned shutdown in quarter one. Having said that against the corresponding quarter, quarter two twenty twenty four, Group revenue stood at RM1.59 billion, a decrease of 3.5% of R57.7 million mainly attributable to lower revenue from utility segment in line with lower product prices as well as due to lower gas transportation segment revenue following downward tariff adjustment from sharing factor of prior years' lower internal gas consumption. Gross profit declined by 4.6% due to tighter margins recorded at Gas Transportation segment in line with lower revenue as well as cost incurred for the gas supply restoration works at Putra Heights. This however was cushioned by the lower fuel gas cost in utility segment in line with the lower fuel gas price. Profit for the quarter decreased by 2.3% or R11.4 million in line with lower PBT. Against preceding quarter, quarter one twenty twenty five revenue marginally decreased by 0.3% due to lower revenue from utility segment in line with lower product prices. Gross profit decreased marginally by 1.1% following lower revenue coupled with cost incurred for the gas supply restoration works following Puthra Heights fire incident and this was cushioned by the favorable impact of fuel gas costs. Hence profit for the quarter was lower by 2.5% or NIS12.5 million in tandem with the lower PBT. For the six month period compared to six month last year, group revenue stood at RM3.184 billion, decrease of 2.5 and mainly attributable to lower revenue from utilities in line with the lower product prices as well as the gas transportation segment following downward tariff adjustment from IGC sharing factor for prior year's consumption. Gross profit declined by 4.4% or million as a result of tighter margins recorded at GT segment in them with lower revenue and cost incurred for Putra Heights incident. But this was cushioned by the lower fuel gas cost for utility segment in them with a lower MRP. Hence, profit for the period. However, profit for the period, despite the lower GP, profit for the period rose by 0.9% or R8.4 million dollars lower tax expense from lower profit excluding joint ventures companies and share of profit. Moving on to the balance sheet, our total assets was higher by 0.5% at billion with higher PPE but negated with lower cash balances and tax recoverable. Liberties decreased marginally by 3% following higher settlement of trade and other payables coupled with impact of favorable forex movement for our lease liabilities. We sustain a strong dividend leveraging on our robust earnings and efficient capital management. The Board has approved second interim dividend of C0.16 dollars per share per ordinary share payable on September 22 and amounting to 3 and 16,600,000.0 in respect of the financial year ending thirty first December twenty twenty five. And this demonstrate our commitment to ensure a sustained level of return to shareholders despite the business operating conditions. We're still able to provide healthy level of payout more than their committed dividend policy. This is all from me. I will now pass the line over to NJ Agis to share on our company outlook. Thank you, Gerald. On the outlook, as committed in the previous quarter, PGB will continue pursuing market opportunities aligned with our growth strategy while reinforcing our business structure and stakeholders engagement. Nevertheless, safety, operational excellence and disciplined project delivery remain priorities. This enhanced protocol as formed by the recent lessons to safeguard trust and integrity. In supporting Malaysia energy transition, we are progressing infrastructure inspection expansion to meet rising national demand, strengthen our energy portfolio and advance low carbon goals. Beyond coal gas infrastructure, we are unlocking value from existing assets through targeted diversification to broaden revenue stream and deliver sustainable shareholders return. While market conditions offer promising opportunities, we remain mindful of potential risks and are approaching key initiatives with prudence and discipline to ensure our ambitions are both achievable and sustainable. One of the internal risks we are facing is the implementation of the expanded SST effective first July twenty twenty five, which may result in higher projects and operational costs potentially affecting project returns. Project teams are assessing the impact on case by case basis. This is hopefully to enable timely interventions including commercial negotiation with vendors and customers. The new electricity tariff structure which was announced by the government to be effective on first July twenty twenty five along with the revised fuel cost adjustments and peak off peak reforms may lead to lower utilities revenue and higher operating costs. For this risk, we are developing strategies to minimize interruption and optimize electricity consumption to mitigate the impact. Under External Risk, the ongoing geopolitical tensions including tariffs announced by The US, armed conflict between India and Pakistan and the recent military strike by Israel on Iranian sites have contributed to market volatility and potential supply chain risk. Our current exposure demand minimum, especially following recent cease fire developments with close monitoring of long lead item deliveries for projects, project cost implications and foreign exchange movement. Mitigation measures include supplier diversification, local sourcing and hedging strategies. On the opportunity side, recently announced Panchangar Malaysia Ketiga blast and the National Energy Transition Roadmap outline ambitious plans to accelerate Malaysia energy transition, strengthen energy security and promote low carbon technologies. Several of these initiatives directly align with PGB core capabilities and long term growth strategy positioning us to capture value from emerging opportunities in infrastructure expansion, clean energy and decarbonization. Some of the areas that we could step in are first the third regasification terminal. Government announced development of a third regasification terminal under the integrated green energy model PGB, as a Malaysia leading regasification operator, is well positioned to be a key beneficiary given our proven track record in Sungai Gudang and Punggurang. Carbon capture, utilization and storage CCUS. RMK-thirteen and NATO prioritized CCUS development and this is to decarbonize hard to abate industries with Petronas leading national efforts. PGB can leverage existing gas transportation and processing infrastructure to support CO2 gathering, transport and storage. This would potentially create a new revenue stream while strengthening our role in Malaysia's low carbon energy ecosystem. Third, the battery energy storage system BEST. RMK-thirteen emphasizes large scale BEST development and this is to stabilize renewable integration and support national grid upgrades. This provide opportunity for PGB to explore best and we foresee potential synergies with PGB's operational expertise in gas infrastructure to provide hybrid energy solutions for our customers. That's all. Thank you and over to you, Sury. Thank you, Chair Zees and Chair Sharul. We have now come to the question and answer session. Please be reminded to continue to obey the session rule where everyone should be on mute to ask a question. Please press the raise hand button and we will open the microphone for the selected participant. You may also type your question in the chat box and we will read it out loud for you. I think we see the first hand raised there. Heng? Hi. Can you hear me, right? Hi. Good evening. Thanks for having my question. Just a few question. Let's focus on the fire incident first. I saw that there's disclosure of PHP 9,000,000 PP impairment. Is this part of the impairment not impairment, write off? Is this part of the write off regarding the fire incident? And can we expect any more from this? The only question, man? I have a few more. So do you want me to finish my questions? Okay. I'll let Sharon take this one first. So the the 9,000,000 ringgit write off that you saw in in our Bursa, yes, it is related to the there's two items left. First, the apartment has been damaged because of the incident. And secondly, it's in relation to the hydrocarbon loss that we impact arising from the incident. So in total, for both, it's close to 9,000,000. That is all that we anticipate for in relation to the incident, and we don't anticipate further write off or impairment in relation to the incident move forward. Okay. Okay. Then regarding the temporary repair work cost, can we know how much is it in this quarter? And how much will be incurred for the I mean, for the remaining of the financial year? The repair cost, significant amount of the temporary repurpose has been included in our quarter two numbers. As a remaining minimum amount that potentially will be incurred in Q3, we're looking at the total cost around PHP 20 ish million for the temporary repair here. Okay. So PHP 20,000,000 already incurred or is the following repair? Right. After about 20, I think, '26, majority has been part of this quarter results. Okay. Okay. Okay. Also regarding the same as it is, I've noticed that there's no material litigation according to financial release, but is there any third party liability claims as of now or yes. We have not received any as of the litigation. Yes. For the related to Pusarahai, right? Yes. Yeah. We have not received any things. Yes. Of Okay. Okay. Then also the gas transportation, since you're going to carry out the permanent replacement of the gas pipeline, The replacement will be part of, I assume, the unexpected CapEx, which you will be I mean, which will be added to the regulatory asset base after this, am I right? And can you repeat again? Sorry. Regarding the permanent replacement of the gas pipeline that you mentioned, Phase two by third quarter, this will be part of the unexpected CapEx for the gas transportation segment, which will be the irregular asset base? This is matter under discussion with ST and this is CapEx. So I think it is be treated as CapEx going forward. Yeah. So but then I mean I mean for in for your side, you are going to claim it. I mean, you're gonna apply as unexpected CapEx so that it can be added into RAB in the upcoming RP, right? As mentioned, we will discuss with ST and putting as part of RAB is part of the discussion. Okay, okay, okay. Thank you. Also regarding the fiber optic infrastructure, is this part of RAB under Gas Transportation segment or is separate? It's a separate business by itself. Of course, we are putting the asset under the right way, which is part of regulated asset. So there'll be some sort of a scheme that we need to compensate the regulated asset. But it's only included in the overall economics. Okay, okay, okay. Yes. And I have a few more questions, sorry. There's a shortage of this gas turbine, right, which is happening I think it's happening globally. So I'm just wondering regarding your not just your your your 120 megawatt Labuan plant or even other gas plants, right? Are you having any problem getting this gas turbine? Because what I noticed is what I read in the news is the waiting period is, like, three to five years. So if you mentioned about the project that we have FID, mainly Labuan and the one in Timanis, it was FID with a commitment already secured from the OEM supplier. So we are outside of that concern. Yeah. Okay. Then how about the latest tender that I mean I assume Petronas guest enter into for the guest request of proposal by the Suryahnjanath Tanaka. So is there any REPRESENTATIVE:] problem, let's say, to secure this gas We'll make the necessary announcement because as you recall, this is bidding exercise. So we are looking at it. So in due time, we'll make the necessary announcement. Yeah. But I mean, if let's say let's say any winners, will there be any problem securing the gas turbines or it will be delayed because of all these long waiting I think a prudent bidder wouldn't want to bid without a commitment secured from the OEM. A prudent bidder wouldn't be submitting a bid that is without any firm commitment from OEM. Understand. Last question from me. 13 mentioned specifically that they're going to build the third regas terminal at Lummot. So, I mean, to news report, I think Petronas gas is, eyeing for regas terminal at Lummood. So I'm just wondering up until now is there any, letters or anything, any updates regarding Regas terminal? And is there any change in the format? Will it be still regulated asset base for this new reconstituted terminal if it is built? I mean, as I mentioned in the presentation, it is an opportunity. And of course, because we have the necessary core competencies is something that we should be looking at it. And then I think in as far as the business model, there is already a regulatory regime governing this. So we are whatever the scheme that come up will be on the basis of the regulatory regime. Okay. Thanks. Will run more by the Thank you. Let's have a opportunity for others to pose your question. Okay. We have one more. Anshul? Hi. Good evening. Can you hear me? Yes. Hi. Thank you so much for the presentation. Let me start by just getting a clarification on the financial impact from the Putra Height incident. I remember during the last briefing, you mentioned that you would see a total impact of R60 million dollars If you could just break it down of how much of that was recognized in second quarter? So in relation to the financial impact of current accident season, yes, we have announced earlier the estimated impact for 2025 about million. So what we have incurred today as a quarter two is around AUD 23,000,000. This AUD 23,000,000 includes the AUD 9,000,000 write off or that's excluding that 9,000,000 write off? Excluding. Excluding the if you were to include the 9,000,000, it's close to 30,000,000, yes. Correct. Yes. And then the outstanding is around 30,000,000 or is that 9,000,000 even excluding that 60,000,000? At the moment, our Siemens remain at 60,000,000 but we are looking at some of the contractual interest as well as the further cost that needs to be incurred for the year. Understood. Then coming on to the temporary gas pipeline, if you could share what is the cost that has been recognized for that temporary gas pipeline? I realize that you might have capitalized that, and the capitalization was around $110,000,000 So how much of that was related to the temporary gas pipeline? Related to? Temporary gas pipeline. In fact, so because of the the temporary gas pipeline, the estimated life is very short. It is shorter than two years And to what we have done, actually, we actually taken everything to P and L. So the plan is to only capitalize the permanent repair, which will only complete by next year. Oh, okay. So so that makes sense. So does is there an impact to your RAB for this year? If you have picked from if the permanent pipeline only comes next year, do you see that RAB being reset lower by the end of the year? Or that's not how we should think about it? No. The RAB work period by period. So for the last three years, including this year, has been set, right. The coming year as I think part of the regulation whatever the January 31 January 1 will be from the new RAB right. Then whatever the spending that we have, there are a treatment to it. We subsequently will be recovered along the next RP as well as the new the new coming RP, RP after the next RP. But that would depend as I mentioned to Hearn just now, we are in discussion with ST on how do we treat this amount, yes? If I may ask this, is the discussion more about the timing for the recognition or is the discussion more about whether to recognize it or not? Everything. Oh, okay. Still in the air. Understood. So if you're discussing about the next RP, maybe if you could share any updates on that regarding the time lines or what are some what are some of the aspects you would like to get addressed in this RP? Well, UNIDENTIFIED the next RP, whatever it is, has to be concluded by end of this year because the charges the new tariff will have to start on first January. I think as mentioned before, we have submitted the package early year and that discussion is ongoing with ST. Understood. Understood. Maybe just I I just wanted to come back on to the the Puthra Heights incident. Have you have you received any insurance payments, or are there any discussions for insurance? Because I see there's a bump in the other income. If it's if it's not that, what is that related to? Thank you. You can answer that question. In in relation to put a high incidence claims insurance claims, at least they're actually currently in progress. They have not received any insurance claim. The one that registered in our other income is related to insurance claim for other asset that we incurred in prior years, not related to Prokai High School today. How much is that? We recognize in quarter two, close to 30,000,000 in around 30,000,000 in gate. Not related to Putrahyde, I'm sure. Yeah. Understood. Okay, Andrew? Yes. Me head back to the queue. I see somebody Thank raised their you so much. Yes. Thank you. Thank you, Andrew. Can we have Phu on the line? Yes. Hi. Good evening, management team. Thank you so much for the call. Four questions from me. Firstly, on the utility segment, right, in terms of the lower fuel gas costs that you mentioned, can I just clarify that this only has a positive impact on your earnings from electricity sales? Or did it also boost your earnings from steam and industrial gas sales? That's question number one. And then question number two, think, Insha'adis, you mentioned just now during the presentation about the potential impact from the electricity tariff restructuring under RP4. Can you help me understand in terms of the effective electricity tariff, right, for PTG and for Petronas Gas that you will charge to your customers, right, in for from July onwards, right, how much will it decline by? And in terms of the impact on the earnings for electricity business, what is the impact? And then my third question, can you give us some guidance on the CapEx for this year by the respective business segments? And lastly, in terms of the dividend per share, I note that you have maintained it versus last year. Is there room to raise this given that you're in a net cash position? Yeah, Those are my four questions. Thank you. So if I get your question correctly, number one, you are asking whether the favorable impact on lower MRP for integrated business is mainly related related to the electricity segment and not not really not related to the team and other products. Think you are right because under the steam and other products, we have the ability to will be passed through the gas price cost, but not for electricity as the price is back to the NBS tariff. Yes. For on. Yeah. On the new electricity tariff, yes, we are still assessing home. We don't have the number, but we are still assessing on this. CapEx? For CapEx, I think for the so called the regulated business segment like gas transportation and the gasification, I think is similar to previous year. But we're expecting slightly higher CapEx this year for GT and the gas segment as current year is the final year of RP2. So looking at slightly above half a billion CapEx for these two segments. For GP, it's close to half a billion ringgit and for utility fees above slightly above 2,200,000,000.0. So that's the pandemic anticipate for the for the respective business segment. But of course, we have other CapEx in relation to group projects. But once they are subject to the milestone progress of the respective projects that we have in our pipeline. And your last question on the dividend. I think if you link back to my presentation, why we would like to maximize it for the shareholders, we also have to balance it with the opportunity that we are working on. So rest assured, we will manage this in hopefully in a balanced manner, Poon. Okay. Thank you so much. Just one quick follow-up, For the Labuan Power Plant, right, when is the COD for that? 2027. Okay. Okay. Got it. Okay. Thank you so much, Ajay, Adhes and team. Thank you, Phong. We have another question from Anshul here. Thank you so much, team. I just had a couple more questions. So just to start with, maybe I'm repeating this question again, but you mentioned that you're going to you're expecting to see higher costs given the new electricity tariff regime. Can you just explain to me how you analyzing this higher cost or revenue? Aish, maybe if I can clarify. I think in relation to the RP4 electricity theory, I think how we see the new tariffs will impact the business and not so much on the higher cost, but more of the potential lower revenue from our utility customer, especially the power customer. So as mentioned by GIS earlier, we are currently discussing and assessing the impact to us. And so far as the how much is the tariff impact to our utility of this revenue. I hope that clarifies. Yes. Thank you. My last question is regarding the JV performance. We saw it come down this quarter. Maybe if you could just throw some color on that? Sorry, actually, you're referring to which period? The Q on Q sequential performance for income from associates and JVs. In Q2 versus Q1. You clarify from compared to which period? Or preceding quarter? Preceding. Preceding. I think preceding, I think, more of just the the sequence of kind of maintenance activities that we had at the GB and also associated. So nothing major operationally? Nothing. I think that's a Okay. Those are activities. Yeah. I understand. Thank you so much. Thank you, Ayushul. Next one we have is Daniel. Hi, Daniel. How do I unmute myself? Sorry. You're you're on mute now. Sorry. Hi. Can you hear me? Yeah. Okay. Good. Okay. Thanks for the briefing. I would like to check on the new electricity tariff under the RPs effective July. Did you see the your tariff you charged to the end your clientele, is it has increased or has it decreased compared to the June? As mentioned, Daniel, we are still assessing. I'm just asking you to assess it. I just want to know whether your tariff actually increased or decreased. It's mixed. Some with slight decrease, some with higher decrease. Because remember the last tariff come with ICPT. Yes. So I think they did the adjustment on ICPT. So there are some bigger decrease and some are just slight decrease comparing to the tariff with ICPT. I see. So you mean, compared to ICPT, some of it increased, but some actually have a slight decrease. What's decrease? Both also decrease. Some has a slight increase and some have more decrease. Yep. More decrease. I see. Okay. Okay. I thought okay. I checked on your your last page on your presentation slide, where you talk about your opportunities here. Yeah. Technically, you know some you know, it's a rumor there. And then the on the CCUS, all this what are the segment that you guys are interested? I mean, which are the value chain that are you guys is a Petronas Grass is interested? Essentially, as you recall, we operate a gas processing plant in 30. And we operate the gas processing plant to process the gas for Petronas. In doing so, there is an emission of CO2 emissions. We're trying to give a solution to Petronas to minimize the CO2 emission from that stream. So more towards the onshore facilities to capture and then send out into the storage at the offshore. So what you're saying is that you guys are looking at first the perspective of capturing the CO2. And then after that, also do the transportation of the CO2 to the relevant hub or relevant part. For the onshore portion only? Yes. For the onshore portion only. Yes. Right. The transport transportion, so the transportation of the CO2, it will have to go through the pipeline or you go through trucks? It will be a pipeline. Central pipeline. So you guys will have to incur the pipeline CapEx? We are looking at it. The concept is still being worked on. If there is onshore transportation, then we will be looking at it. Oh, I see. And then can I check on the so called this CO 2 hub or ports that you guys have to send it to the to the before you guys send it to the go ship it to the sea? Do we need a risk specific hub or ports? Some some like a registration for gas company? If you are to receive foreign CO two, yes. But that's not what PGB is doing. PGB is just looking at the domestic CO two helping Petronas or provide the service to Petronas. That's that's the opportunity that we are looking at. So you guys are just anchoring on the Petronas CO2 on local domestic business side. Yep. You guys are not looking into all these so called third parties, heavy industry, the iron ore, iron steel, all these? We it it could be a potential in future, but at at of this moment, it's about providing solution for Petronas first. I see. Okay. My last question is on the DESS. Okay. You guys are looking at Yes, sir. The the become the operate the operator of this bus, is it? Are you guys actually part about the bidder for this upcoming for this the tender for this NDG commission, 100 megawatt? It is an opportunity. So if there is anything, we'll make the necessary announcement. Amit, have you guys participated this As 100 I mentioned, it is an opportunity for us, yes, that we think fit into our strategic growth. So you can infer whatever you think, yes. All right. Okay. Thank you. That's all from me. Thank you, Daniel. I think we have time for one last question. Nurul Ashikin, this will be the last question. Yes. Hello, can you hear me? Yes. Hello? Yeah. Thank you, mister Aziz and. I just wanna check on how much is the current utilization rate for RGT, Sonae, Udang, and Punggarrang? And for your regas asset, right, you guys have this capacity reserve. Right? If I just want to check how much of in terms of percentage of that reserve capacity, was it 80%? I think what I can tell you the capacity 100% has been booked by the shippers. Utilization you can check at ST website because we report the utilization at ST website. Both RGT but capacity wise it's all fully subscribed. All right. Got it. Thanks. Thank you, Leroy Ashikin. With that, that is it all we have for today. Thank you for your active participation and engagement. We hope to see all of you again in next quarter's analyst briefing in November. InshaAllah. Goodbye. Thank you everyone. Thank you. Thank you.