Little known Malaysian NGV and Jeffa Holdings to build RM3.6 billion regasification plant

Dateline 2012-12-28:

Little known Malaysian NGV Sdn Bhd (MNGV) is partnering with Johor-based property and plantation company, Jeffa Holdings Sdn Bhd to build a regasification plant in Tanjung Langsat, Johor and 200 natural gas stations called ‘1GasStation’ with a total investment of RM6 billion.

MNGV is the holder of a license to import Liquefied Natural Gas (LNG), process and distribute the natural gas for vehicles and compressed natural gas for local consumption. It was incorporated in 2005.

Its president and CEO Rahmat Ahmad said Jeffa Holdings will facilitate the funds for this mega green infrastructure distribution channel theme ‘1Gas Clean Energy For All’ and the main contractor for the plant.

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