Dialog-Vopak to feed Petronas Pengerang power plant
The Malaysian Dialog Group Berhard (Dialog) and the Rotterdam-based Royal Vopak (Vopak) are preparing the final investment decision (FID) on the Pengerang LNG Terminal project in the Johor Province at southern Peninsular Malaysia while the local engineering company Anewa is completing the construction of the first phase of giant Independent Deepwater Petroleum Terminal for the first quarter 2014.
This project is part of the Malaysia Economic Transformation Program (ETP) to support the Government strategic plan NKEA, standing for new key economic area and addressing the oil, gas and energy sector with 12 Entry Point Projects (EPP).
In this area, the Malaysian Government is planning to create seven local oil storage and trading hub including one in Pengerang as to be ideally located in the Johor Province at the utmost southeast peninsular Malaysia just in front of Singapore.
Located in Pengerang, this oil and gas and petrochemical storage and terminal project will support the development of the adjacent $20 billion capital expenditure Petronas Refinery And Petrochemical Integrated Development (RAPID) project.
– Dialog 51% is the operator
– Vopak 49%
When running into commercial phase, the local Johor Government is due to take 10% share in the operating company.
Anewa to complete Johor oil Terminal on early 2014
Depending on the development of Dialog and Vopak trading activities in the region, the crude oil terminal will be expanded by an additional 1 million cubic meters storage capacity that should be in place in 2017 at the latest.
Directly linked to the Petronas Pengerang Gas-fired Power Plant project to supply electricity to the RAPID project, the first phase of the Pengerang LNG Terminal is due to start in 2014 for a completion in 2016.
It should include two tanks with 360,000 cubic meters gas storage capacity with regasification facilities.
The second phase of the Pengerang LNG Terminal should be a replicate of the first phase with the same structure and capacity.