Malaysian court orders Shell MDS to pay overdue gas payments to Petronas

Core Viewpoint - The Malaysian Court of Appeal has reversed a High Court injunction that permitted Shell MDS (Malaysia) to suspend its monthly gas payments to Petronas starting from August 2024 [1] Company Summary - Shell MDS (Malaysia) was previously granted an injunction by the High Court to stop gas payments to Petronas, which has now been overturned by the Court of Appeal [1] - The decision impacts the financial obligations of Shell MDS towards Petronas, a significant national energy firm in Malaysia [1] Industry Summary - The ruling reflects ongoing legal and financial dynamics within the Malaysian energy sector, particularly concerning contractual obligations between international companies and national firms [1] - The outcome may influence future negotiations and agreements in the energy market, especially regarding gas supply and payment structures [1]