Platts to include Malaysia’s Pengerang terminal in Singapore pricing process

May 8, 2015

And, introducing in the red corner, Singapore GIC’s next takeover target:

Dateline 2015-03-30, Rueters:

Oil pricing agency Platts said on Monday it will include the Pengerang oil terminal in the southern Malaysian state of Johor in its Singapore price assessment process from May 1.

The move is expected to offer traders more flexibility in loading cargoes and improve market liquidity, traders said.

Apart from landed storage tanks in Singapore, Platts currently recognises loadings from Pasir Gudang, Tanjung Langsat, Tanjung Bin and certain floating storage units in nearby waters for its Singapore price assessment process.

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Is Malaysia’s Pengerang Part of Greater Singapore?

July 18, 2014

Definitely link bait. Please bite. Greater Singapore, indeed.

Dateline 2014-050-26, The Establishment Post:

Pengerang used to be a fishing village famous for its succulent lobsters. Each weekend a good number of Singaporeans would take a two-hour drive to get to the southernmost tip of Johor on the east to savour Pengerang’s lobsters and other sea delights fresh from the Johor Straits. It had at least eight seafood restaurants, way too many for a tiny township.

Two years ago, reclamation work started in the coastal area of Pengerang and there were no more fishermen and neither was there any more coast for fishing. This was the start of a massive RM170 billion (US$53 billion) project called the Pengerang Integrated Petroleum Complex (PIPC).

This is said to be the biggest project ever by Malaysia in terms of scale and size. Lawmakers and corporate leaders claim that this project Pengerang in will turn Malaysia into a mega petrochemical. But what about the Greater Singapore plan?

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Malaysia, Singapore to cooperate in oil spill control

November 24, 2012

Dateline 2012-11-10:

 Malaysia and Singapore today agreed to further enhance collaboration in the prevention and control of oil spill in the Straits of Johor, and continue to organise a joint emergency response exercise to counter chemical spill at the second crossing.

These are among of the cooperation discussed and agreed upon between Malaysian Natural Resources and Environment Minister Datuk Seri Douglas Unggah Embas and his counterpart Singapore Environment and Water Resources Minister Dr Vivian Balakrishnan at the two-day 25th Malaysia-Singapore Annual Exchange of Visits held here today, said a joint statement by both ministers.

It said Malaysia agreed to organise the 9th Joint Emergency Response Exercise under the Emergency Response Plan for Chemical Spill at the Malaysia-Singapore Second Crossing, tentatively in the third quarter of next year.

It will provide a good opportunity for both countries to test and improve further their existing response plan, said the statement.

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Singapore says LNG imports can replace piped gas supply

March 23, 2012

Guess where the ‘piped gas supply’ comes from? And is this Tan Sri Hassan Merican’s direction?

Dateline 2012-03-05:

Singapore’s new liquefied natural gas (LNG) terminal will be able to handle sufficient imports of the fuel to cover all of the country’s power needs, even if piped gas supply contracts with Malaysia and Indonesia are not renewed, a top energy regulator said on Monday.

Singapore depends on natural gas for around 80 percent of its power generation needs, with the bulk sourced from Indonesia and Malaysia under long-term contracts.

“Supply will come under pressure because of growing domestic gas demand in Malaysia and Indonesia. What we will do is ensure sufficient capacity to import LNG to meet all of our gas demand,” Chee Hong Tat, chief executive of Singapore’s Energy Market Authority, told an industry conference.

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AsiaOne Motoring – 3/4-tank rule for CNG cars from Sunday

January 4, 2012

Dateline 2011-12-28:

OWNERS of cars which run on compressed natural gas (CNG) will soon have to pay more for their fuel. They will also have to comply with the three-quarter-tank rule when travelling into Malaysia.

A 20 cents per kg excise duty on CNG will be levied at all gas pumps from Jan 1, a move announced in Budget 2009.

CNG car owners will still pay less duty than petrol-vehicle owners, who pay 41 cents per kg in duty for most grades of petrol.

The three-quarter-tank rule, which currently applies only to petrol vehicles registered in Singapore, will also apply to CNG cars from Jan 1, said Singapore Customs yesterday

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