SSI Johor Signs Lease Agreements with PT-2 and PLNG-2
5 February 2015
State Secretary, Johor (Incorporated), (SSI Johor) today signed two Lease Agreements with Pengerang Terminal (Two) Sdn. Bhd. (PT-2) and Pengerang LNG (Two) Sdn. Bhd. (PLNG-2) respectively. The issuance of the lease agreements by the state of Johor, marks the next stage of progress in the development of PETRONAS' Pengerang Integrated Complex (PIC) development in Pengerang, Johor.
PT-2 terminal will serve as a dedicated storage and industrial terminal for the PETRONAS' Refinery and Petrochemical Integrated Development (RAPID) complex. PT-2 will undertake the development, construction and operation of the facilities required for the handling, storage and distribution of crude oil, petroleum, chemical and petrochemical feedstock, products and by-products to and from the RAPID complex ("Pengerang Terminal Phase 2 Project"). The storage facilities will have a capacity of approximately 2.1 million cubic metres (mᵌ) and a deepwater jetty with twelve berths.
Meanwhile, PLNG-2 will undertake the development of Liquefied Natural Gas (LNG) regasification facilities comprising a regasification unit and two units of 200,000 mᵌ LNG storage tanks with an initial send out capacity of 3.5 million tonnes per annum ("MTPA"), equivalent to approximately 490 million standard cubic feet per day (MMscfd) of natural gas at Pengerang, Johor. Once completed, the regasification facilities will support the Pengerang Co-generation Plant to power up RAPID.
The signing ceremony was graced by YAB Dato' Mohamed Khaled Nordin, Menteri Besar of Johor, as a testament of Johor state's firm commitment to the development and the progress of the PIC and Pengerang Deepwater Terminal projects. Subsequent to the signing of the Lease Agreements, SSI Johor will hold a 10% equity in PT-2 and PLNG-2 respectively.
The Pengerang Terminal Phase 2 Project will be built next to the site of the existing Pengerang Independent Terminal. PT-2 and PLNG-2 are scheduled to be commissioned in line with the refinery complex by 2019.
PT-2 terminal will serve as a dedicated storage and industrial terminal for the PETRONAS' Refinery and Petrochemical Integrated Development (RAPID) complex. PT-2 will undertake the development, construction and operation of the facilities required for the handling, storage and distribution of crude oil, petroleum, chemical and petrochemical feedstock, products and by-products to and from the RAPID complex ("Pengerang Terminal Phase 2 Project"). The storage facilities will have a capacity of approximately 2.1 million cubic metres (mᵌ) and a deepwater jetty with twelve berths.
Meanwhile, PLNG-2 will undertake the development of Liquefied Natural Gas (LNG) regasification facilities comprising a regasification unit and two units of 200,000 mᵌ LNG storage tanks with an initial send out capacity of 3.5 million tonnes per annum ("MTPA"), equivalent to approximately 490 million standard cubic feet per day (MMscfd) of natural gas at Pengerang, Johor. Once completed, the regasification facilities will support the Pengerang Co-generation Plant to power up RAPID.
The signing ceremony was graced by YAB Dato' Mohamed Khaled Nordin, Menteri Besar of Johor, as a testament of Johor state's firm commitment to the development and the progress of the PIC and Pengerang Deepwater Terminal projects. Subsequent to the signing of the Lease Agreements, SSI Johor will hold a 10% equity in PT-2 and PLNG-2 respectively.
The Pengerang Terminal Phase 2 Project will be built next to the site of the existing Pengerang Independent Terminal. PT-2 and PLNG-2 are scheduled to be commissioned in line with the refinery complex by 2019.
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