From Borneo Post – Pengerang LNG terminal operations likely to boost Petronas Gas’ revenue


Johorians rejoice. What onshore gas field? Dateline 2011-06-10:

Petronas Gas Bhd (Petronas Gas) will likely get to generate more revenue from operating the liquefied natural gas (LNG) regasification terminal in Pengerang, Johore as well as from transporting more imported gas.

To recap, Petroliam Nasional Bhd (Petronas) confirmed that it would be proceeding with a 3.8 million-tonne per annum LNG terminal for the importation and regasification of LNG in Pengerang, Johore as part of its US$20 billion Refinery and Petrochemical Integrated Development (Rapid) project.

“The terminal, which will be completed by 2016, is likely to be located onshore, unlike its Melaka counterpart. Separately, the company also said it will soon announce a gas field development offshore Peninsular Malaysia with gas lasting 10 to 15 years,” said OSK Research Sdn Bhd (OSK Research), head of research Chris Eng in a research note yesterday.

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