Pengerang terminal to add LNG component
LNG is all the rage in Southeast Asia with the Dialog/Royal Vopak Pengerang oil farm project now being expanded to include an LNG terminal, Seatrade Asia online reports.
Local reports said the MYR4.08bn Pengerang LNG Terminal project would include an LNG storage, loading and regasification facility to import LNG for trading purposes and for domestic use.
The multi-user terminal will allow users to store and trade their products and is to be developed in two phases over 10 years. Phase 1 consists of an independent terminal with two tanks and Phase 2 is a dedicated terminal with two tanks. All tanks will have a 360,000 cu m storage capacity with regasification facilities.
The terminal's ownership structure will be similar to the consortium's independent deepwater petroleum terminal in Pengerang, where the Dialog-Royal Vopak joint venture holds a 90% stake while the remaining 10% is held by the Johor government.