PIPC to expand terminals with RM16bn

Kuala Lumpur: Pengerang Independent Terminals Sdn Bhd (PITSB) may spend an additional RM16 billion in the next 15 years to further develop the area to cater for future demand, said Malaysian prime minister Datuk Seri Najib Razak.

According to Najib, the investment would see an expansion of the independent terminals from the current capacity of 1.3m cu m to 10m cu m in the next 10 years.

PITSB is a public-private partnership between the Johor state government, Holland’s Royal Vopak and the Dialog Group, under the Pengerang Integrated Petroleum Complex.

“I believe Pengerang is well placed to capture the future growth of LNG. Towards this end, the federal government is prepared to render the necessary support for building an LNG trading terminal here,” Najib said. [30/06/14]

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