LNG

Sept 17 (LNGJ) - Petronas Gas subsidiary Pengerang LNG plans to issue Islamic medium-term notes (Sukuk Murabahah) to raise up to 3 billion Malaysian ringgit ($724M) for phase two development of its LNG regasification terminal in the southern state of Johor. Petronas owns 65 percent of the project, the Dialog Group 25 percent and the Johor Government 10 percent.

   The issuer under the name Pengerang LNG II has lodged a programme for the 30-year notes with the Malaysian Securities Commission. Initial extra storage of 200,0000 cubic metres capacity is planned at the Pengerang regasification terminal development at the site of an integrated industrial complex comprising an oil refinery and the storage and distribution of oil and petrochemical products.

Oct 21 (LNGJ) - LNG producer Petronas said it was starting an LNG truck-loading business to supply off-grid customers in Peninsular Malaysia. The truck-loading was scheduled to begin in the second half of 2020 at the Pengerang regasification terminal in Johor with four loading lanes. The Pengrang terminal has 5 million tonnes per annum of capacity and Petronas also operates a regas facility at Sungai Udang Island in Malacca with capacity to handle around 3.8 MTPA.

   Petronas produces LNG at its Bintulu plant and FLNG facilities and the truck-loading is aimed at broadening the small-scale market in Malaysia. “Petronas will take pride in offering alternative access to natural gas as the fuel of choice through its new LNG trucking business,” said the company.

Malaysia has opened up its natural gas and LNG market to third-party participants as it starts commercial operations at its new Pengerang regasification terminal in Johor.

Malaysian energy company Petronas is in talks with government agencies to finalize details of a plan that would allow new suppliers to use the pipelines, gas processing and LNG import terminal capacity in the country.