MISC Berhad (MISC) has entered right into a binding heads of settlement (HOA) with Pengerang LNG (Two) Sdn. Bhd (PLNG2SB), a subsidiary of PETRONAS Fuel Berhad (PGB), for the provision, operation, and upkeep of an LNG FSU meant to be deployed on the PETRONAS LNG regasification terminal Pengerang (RGTP) in Johor, Malaysia.
This challenge is a continuation of the collaboration between MISC and PGB in 2012 that introduced concerning the profitable deployment of FSU Tenaga Satu and FSU Tenaga Empat on the LNG regasification terminal Sungai Udang, Melaka.
On the core of this newest partnership is the conversion of MISC’s LNG service, Puteri Delima Satu, into an FSU devoted to this challenge. The FSU is designed to obtain shore energy to scale back emissions whereas bettering operational effectivity and is ready to grow to be commercially operational by 2Q25 below a 20-year contract time period, with provisions for extension based mostly on mutual settlement.
Hazrin Hasan, MISC’s Vice President of Fuel Belongings & Options (GAS), stated: “This partnership represents greater than only a new chapter in our collaboration; it embodies the essence of progress and shared dedication between the 2 events. By repurposing and redeploying our current property and drawing on our expertise from working FSU Tenaga Satu and FSU Tenaga Empat, we’re not solely making a revenue-generating alternative but in addition driving higher shareholder returns. We thank PGB and PLNG2SB for his or her belief and we stay dedicated along with PETRONAS in supporting the nationwide agenda for vitality transition in Malaysia.”
Signing the HOA on behalf of MISC was Hazrin Hasan, whereas PLNG2SB was represented by its CEO, Hisham Bin Maaulot. The signing ceremony was witnessed by MISC Vice President of Finance, YM Raja Azlan Shah Raja Azwa, and PGB Managing Director and CEO, Abdul Aziz Othman.
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