What role will Mimos play in digitising gas trading?

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Mimos Berhad will leverage its expertise in applied research and development to create the Malaysia Gas Xchange (MGX) platform.

Mimos Berhad, Malaysia's national applied research and development centre, will collaborate with Asia Gas Hub (AGH) to develop a digitised gas trading platform known as the Malaysia Gas Xchange (MGX). This initiative aims to establish a seamless, transparent, and cost-effective environment for gas trading within the region. Mimos' involvement is crucial for providing the technical foundation and innovative solutions necessary for the platform's success.
Development of the Malaysia Gas Xchange Platform

Mimos Berhad's core contribution will be in developing the technological infrastructure for the MGX platform. This involves utilising its expertise and resources to ensure the platform meets its objectives of enhancing trading efficiency and transparency. The platform is designed to improve access to imported liquefied natural gas (LNG) and provide competitive market prices, thereby strengthening Malaysia's position as a regional gas trading hub.
Application of Advanced Technologies

The collaboration presents an opportunity to explore and implement cutting-edge local technology options. Mimos' chief executive, Iskandar Samad, highlighted the potential use of big data analytics, Internet of Things (IoT) metering, and blockchain-based smart contracts. These technologies are expected to be integral to the MGX platform's functionality, ensuring secure and efficient transactions.
Contribution to Malaysia's Energy Sector and Economy

By developing the MGX platform, Mimos will play a key role in transforming Malaysia's gas market. The platform is anticipated to drive economic growth, attract foreign investment, and contribute to Malaysia's economic diversification. This aligns with the broader national goals of long-term energy security and enhanced global competitiveness in the energy sector.

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What role will Mimos play in digitising gas trading?

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