MPRC applauds Platts’ move towards FOB Straits benchmark

August 23, 2015

Why isn’t Abang Yazid a Datuk yet?

Dateline 2015-07-07, The Borneo Post:

The Petroleum Resources Corporation (MPRC) has applauded Platts’ recent move to approve four terminals in southern Malaysia as part of the free-on-board (FOB) Straits oil benchmark pricing which is the process of price assessment for refined oil products.

The four terminals are Pasir Gudang, Tanjung Langsat, Pengerang and Tanjung Bin.

In a statement yesterday, MPRC said with the FOB Straits, market participants would have broader options for loading terminals from which to meet an approved FOB Straits bid.

“As a result, all market participants will benefit from a more efficient market with more transparent price discovery,” it said.

Platts is a global energy, petrochemicals and metals information provider with a premier source of benchmark price reference.


Tanjung Langsat Port to sell Johor storage terminal

November 22, 2014

Anyone want to be my backer in building a calibration facility in the ‘adjacent piece of land’?

Dateline 2014-09-03, The Malaysian Insider:

Malaysia’s Tanjung Langsat Port plans to sell its storage tank terminal in the southern state of Johor and has short-listed at least five companies for a second round of negotiations, sources close to the matter told Reuters.

The terminal may come with an adjacent piece of land, allowing the potential buyer to expand and tap on rising quantities of crude oil and oil products passing through the Malacca Straits to meet growing demand in Asia.

Singapore, Asia’s largest oil trading hub, faces land shortages that have driven billions of dollars of spending on the construction of storage facilities in neighbouring Malaysia and Indonesia.


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

January 8, 2013

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.


Platts – Malaysia’s TLP eyes restart of Langsat oil terminal in Jan

December 28, 2011

Dateline 2011-12-22:

Malaysia’s Tanjung Langsat Port expects to restart full operations at its 100,000 cubic meters (628,981 barrels) oil and petrochemicals complex in January, a source close to the matter said Thursday.

As of now, the first discharge shipment into the terminal in Malaysia’s southern Johor state has yet to be fixed.

In August, TLP completed the reconstruction of two of its remaining oil product tanks — No. 1 and 2 — and also received approval from the Department of Occupational Safety and Health.

The other six tanks at the terminal have already received DOSH’s approval in mid-2010.

 


Malaysia – Tank Fire at Tanjung Langsat

August 20, 2008

Ah, we welcome Malaysia as a statistic for tank fires. To quote from the Star:

18th August: TANJUNG LANGSAT: A 16,000-tonne gasoline tank belonging to oil trader Trafigura Pte Ltd caught fire at the Tanjung Langsat Port here yesterday, causing an inferno that could be seen kilometres away.

No one was reported to be injured.

At least 70 fire and rescue personnel in 11 fire engines from the Johor Baru, Johor Jaya, Pasir Gudang, and Kulai stations were trying to douse the flames at 10pm.

Fire and Rescue Department assistant director-general (operations) Amer Yusuf said the cause of the fire was not known and that there were eight other tanks nearby.

The operation was led by Johor Fire and Rescue Department deputy director Shukur Sani Hashim and assisted by the Pasir Gudang Emergency Mutual Aid Group (Pagema).

And the situation got worse today, says the Star and Bernama, which has be quoted below:

The fire which broke out Sunday at one of the eight oil storage tanks at the Tanjung Langsat Port oil depot has spread to another tank.

The incident happened as work was going on to pump out 11,200 cubic metres of Naptha from the tank by personnel from the Fire and Rescue Unit, Pasir Gudang Emergency Mutual Aid and the Pasir Gudang Municipal Council.

Tanjung Langsat Port Sdn Bhd director Lukman Abu Bakar confirmed the incident but did not say when the second tank caught fire.

“The fire spread to the second tank and we are controlling the blaze,” he said.

The fire broke out at about 6.30 pm Sunday at the first tank which had 16,000 cubic metres of gasoline.

And apparently they ran out of fire fighting materials, which allowed the fire to spread. Now, if you were in charge of the fire fighting inventory in the oil and gas industry, you would be out on a sling before the last flames had died down.

Could this be a case of risk analysis gone wrong?