KUALA LUMPUR: Petronas Gas Bhd (PGB) has allocated about RM1 billion in capital expenditure for its liquefied natural gas (LNG) regasification terminal in Lahad Datu, Sabah.
“We are now undergoing the plant and enduring design for the Lahad Datu regasification terminal and we target to complete the facilities and supply the gas to the power plant in Lahad Datu in 2015,” chairman Datuk Anuar Ahmad told reporters after the company’s annual general meeting here yesterday.
He said the company will tender out the first package for the 10 facilities in the Lahad Datu regasification terminal very soon and expects to award the contracts in September.
“The rest of the facilities, we expect to tender out early next year,” he added.
On the Kimanis power plant, also in Sabah, Anuar said the first 100 megawatts (MW) of electricity is expected to supply to the state’s main power grid by December next year with the remaining 200MW to be delivered by April 2014.
“We expect the Kimanis power plant to contribute an additional five per cent per annum to our earnings upon completion,” he added.
The company also expects 10 per cent revenue per annum from the Melaka LNG regasification terminal when it is fully utilised by the end of next year.
“The plant is expected to start commercial operations in September, producing up to 3.8 million tonnes annually,” Anuar said, adding the facility will allow new players, through its Third Party Access system, to import LNG and serve the domestic gas market.
“In anticipation of third party access, the company published the PGB Network Code in December 2011.
“The code will govern the use of the terminal and the pipeline network to ensure discipline and fairness amongst the users and that customers are well-served,” he added.
On its Pengerang regasification terminal in Johor, he said the plant is in the final stage of design.
“We have completed the conceptual design and have now moved to the second stage, the basic design stage. Once that design is done, then we go on to tender for the contract itself,” he added.
Petronas Gas Berhad has invested RM1 billion for the Liquified Natural Gas terminal in Lahad Datu which will help create job opportunities for the local unemployed.
ReplyDeleteThe few mega projects set up by Petronas such as Kimanis Power Plant, Training centre, LNG, SOGT and more in Sabah will bring a lot of benefits for the people for example better development, economy progress and job opportunities.
ReplyDeleteHope that the LNG regasification terminal will be successfully be set up by 2015 so that it can start supplying gas to the power plant in Lahad Datu.
ReplyDeleteSo far the conceptual design is now done and they will move on the basic design stage, hopefully they will continue on to the contract for tender soon.
ReplyDeletewith rm1 billion allocated by Petronas in Lahad datu, it will definitely change Lahad Datu to be more developed..
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