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Petronas to start work on regas terminal in Johor

Analysts assume project will return 7% per annum

Published Mon, Nov 17, 2014 · 09:50 PM
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Kuala Lumpur

PETRONAS is expected to start building a regasification terminal in Pengerang in Johor by the middle of next year.

When completed in about 21/2 years, the 3.5-million-tonne-per-annum (mtpa) facility will supply the national oil company's Refinery And Petrochemical Integrated Development Project (or Rapid), as well as other users through a national pipeline grid.

Petronas Gas (PGas) had entered into a joint-venture (JV) agreement with the Dialog Group and the Johore state government…

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