MISC to Supply FSU for Petronas LNG Regasification Terminal

Tuesday, October 31, 2023
Page 2 of 3
From left to right : Ms. Noor Azyyati Ariffin, Head of Project Development, PGB, Mr. Abdul Aziz
Othman, Managing Director and CEO, PGB, Mr. Hisham Bin Maaulot, CEO, PLNG2SB, Mr. Hazrin
Hasan, VP of Gas Assets & Solutions (GAS), MISC, YM Raja Azlan Shah Raja Azwa, VP of Finance,
MISC and Mr. Wong Zun Haur, Head of New Ventures & Technology, GAS, MISC. - Credit: MISC

Malaysia's MISC has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU)
intended to be deployed at the PETRONAS LNG Regasification Terminal Pengerang (RGTP) in Johor.

"This project is a continuation of the collaboration between MISC and PGB in 2012 that brought about the successful deployment of FSU Tenaga Satu and FSU Tenaga Empat at the LNG Regasification Terminal Sungai Udang, Melaka," MISC said.

According to MISC, at the core of this latest partnership is the conversion of MISC’s LNG Carrier, Puteri Delima Satu, into an FSU dedicated to this project. The FSU is designed to receive shore power to reduce emissions while improving operational efficiency and is set to become commercially operational by the second quarter of 2025 under a 20-year contract term, with provisions for extension based on mutual agreement.

Hazrin Hasan, MISC’s Vice President of Gas Assets & Solutions (GAS) said:"By repurposing and redeploying our existing
assets and drawing on our experience from operating FSU Tenaga Satu and FSU Tenaga Empat, we are not only creating a revenue-generating opportunity but also driving better shareholder returns. We thank PGB and PLNG2SB for their trust and we remain committed together with
PETRONAS in supporting the national agenda for energy transition in Malaysia."

Categories: LNG Vessels Coastal/Inland Asia FSU Terminals

Related Stories

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

Korea's Hanwha Raises Offer for Singapore's Dyna-Mac Takeover

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

First Oil Starts Flowing at CNOOC’s South China Sea Field

First Oil Starts Flowing at CNOOC’s South China Sea Field

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

SBM Offshore’s FPSO for ExxonMobil’s Guyana Oil Project Takes Final Shape (Video)

TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

TotalEnergies Extends LNG Supply Agreement with CNOOC Until 2034

CNOOC Maintains Steady Oil Production as Bebinca Typhoon Crosses East China Sea

CNOOC Maintains Steady Oil Production as Bebinca Typhoon Crosses East China Sea

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

Korea's Hanhwa Sets Out Plan for Full Takeover of Singapore's Dyna-Mac

CNOOC Brings Online Another South China Sea Field

Current News

Europe's Gas Uncertainty Help Drive Asian LNG Spot Prices Higher

CNOOC’s South China Sea Oil Field Goes On Stream

ADES’ Fourth Suspended Jack-Up Rig Gets Work Offshore Thailand

Saipem’s Castorone Vessel on Its Way to Türkiye’s Largest Gas Field

Vestas Lands First 15MW Offshore Wind Turbine Order in Asia Pacific

Shell Shuts Down Oil Processing Unit in Singapore Due to Suspected Leak

Flare Gas Recovery Meets the Future

Pharos Energy Extends Licenses for Two Vietnamese Gas Fields

Offshore Drilling 2025: 3 Things to Watch During a Year of Market Corrections

Subsea Redesign Underway for Floating Offshore Wind

photo

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com