MISC Berhad (MISC) has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB), a subsidiary of PETRONAS Gas Berhad (PGB), for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) intended to be deployed at the PETRONAS LNG Regasification Terminal Pengerang (RGTP) in Johor.
This project is a continuation of the collaboration between MISC and PGB in 2012 that brought about the successful deployment of FSU Tenaga Satu and FSU Tenaga Empat at the LNG Regasification Terminal Sungai Udang, Melaka.
At the core of this latest partnership is the conversion of MISC’s LNG Carrier, Puteri Delima Satu, into an FSU dedicated to this project. The FSU is designed to receive shore power to reduce emissions while improving operational efficiency and is set to become commercially operational by the second quarter of 2025 under a 20-year contract term, with provisions for extension based on mutual agreement.
Mr. Hazrin Hasan, MISC’s Vice President of Gas Assets & Solutions (GAS) said, “This partnership represents more than just a new chapter in our collaboration; it embodies the essence of progress and shared commitment between the two parties. By repurposing and redeploying our existing assets and drawing on our experience from operating FSU Tenaga Satu and FSU Tenaga Empat, we are not only creating a revenue-generating opportunity but also driving better shareholder returns. We thank PGB and PLNG2SB for their trust and we remain committed together with PETRONAS in supporting the national agenda for energy transition in Malaysia.”
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From left to right : Ms. Noor Azyyati Ariffin, Head of Project Development, PGB, Mr. Abdul Aziz Othman, Managing Director and CEO, PGB, Mr. Hisham Bin Maaulot, CEO, PLNG2SB, Mr. Hazrin Hasan, VP of Gas Assets & Solutions (GAS), MISC, YM Raja Azlan Shah Raja Azwa, VP of Finance, MISC and Mr. Wong Zun Haur, Head of New Ventures & Technology, GAS, MISC.
Signing the HOA on behalf of MISC was Mr. Hazrin Hasan while PLNG2SB was represented by its Chief Executive Officer (CEO), Mr. Hisham Bin Maaulot. The signing ceremony was witnessed by MISC Vice President of Finance, YM Raja Azlan Shah Raja Azwa and PGB Managing Director and CEO, Mr. Abdul Aziz Othman.
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About MISC Berhad
MISC Group, a member of the PETRONAS Group of Companies, is an international maritime company with more than 55 years of experience. Our extensive global footprint allows us to deliver a wide range of solutions that cater to various areas within the maritime-related energy value chain.
At the heart of MISC Group's success is our modern and diversified fleet of vessels and floating assets, complemented by the expertise of our diverse global workforce at sea and shore. As a future-focused organisation, we are committed to leading from the front, propelling the maritime industry into the future, and achieving society’s aspiration for a just energy transition.
For more information, visit https://www.miscgroup.com
About Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB)
PETRONAS Gas Berhad is Malaysia’s leading gas and infrastructure company with core businesses in Gas Processing, Gas Transportation, Regasification and Utilities. Through its subsidiary Pengerang LNG (Two) Sdn. Bhd. (“PLNG2SB”), PLNG2SB owns a regasification facility in Pengerang, Johor which plays a vital role in supporting the national energy security.
The regasification terminal receives and stores Liquefied Natural Gas (LNG) from LNG carrier, vaporises the LNG prior to delivering the natural gas to the Refinery and Petrochemical Integrated Development (RAPID) Complex, Pengerang Cogeneration Plant (PCP) and other consumers via the Peninsular Gas Utilisation national grid.
PLNG2SB is formed in April 2012 with the inspiration to become the primary LNG hub in South East Asia, aligned with one of Rancangan Malaysia Ke-12 (RMK-12) strategy.
Issued on behalf of MISC Berhad by the Group Corporate Communications (GCC) Division of MISC
Berhad. For media inquiries, please contact:
Shanni Muthiah
Head, Group Corp. Communications
Group Corporate Communications
MISC Berhad
Tel : +603-2275 2224
Email : [email protected]
Maisara Noor Ahmad
Head, External Communications
Group Corporate Communications
MISC Berhad
Tel : +603-2275 3496
Email : [email protected]
Sarah Iliana Binti Mohammad Salleh
Executive, External Communications
Group Corporate Communications
MISC Berhad
Tel : +603-2275 3857
Email : [email protected]
