In 2011, PGB is well positioned to move into the new business of regasifying
Liquefied Natural Gas (LNG), imported from across the globe
– ensuring a sustainable supply of clean and green energy for the nation.
In our aspiration to be a world class gas and utilities company, we will continue to see beyond the expected as we transform new opportunities into invigorating growth.

ANNUAL REPORT

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LNG Regasification Facilities Project
PGB will own and operate the country’s first Liquefied Natural Gas (LNG)
Regasification facility which will become commercially operational in 2012.
The facilities, strategically located on one of the world’s busiest shipping lane
– the Straits of Malacca, will be a key gateway for reinforcing the nation’s energy requirements via regasifying LNG brought in from readily available sources worldwide. Once converted to gas form, the molecules will then be flowed into PGB’s existing Peninsular Gas Utilisation (PGU) pipeline to meet various energy demands.

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a nnual report 2011

Our Vision, Mission and Shared Values 2
Milestones in the Making 4
Five-Year Financial Highlights 6
Corporate Information 8

Contents

Our Operations 10
Our Presence 12
Organisational and Corporate Structure 14
Corporate and Management Directory 15
Board of Directors 16

Performance Review 36

Directors’ Profiles 18

Q&A
Q&A with the Chairman 38

Management Committee 26

CEO’s Business Review 48

Management Committee’s Profiles 28

Financial Review 64
Statement of Value Added 70
Performance of Shares 71
Financial Calendar 71
PGB People 72
LNG Regasification Facilities 74
PGB in the News 76
Awards and Achievements 77
Corporate Responsibilities 78
Sustainability - The PGB Way 81
CR in the Marketplace 82
CR in the Workplace 86
CR in the Environment 96
CR in the Community 100
Calendar of Events 104