Gas Malaysia, Tokyo Gas, and VTTI Collaborate on LNG Terminal in Kedah
Gas Malaysia Bhd has signed a joint development agreement with Tokyo Gas and VTTI for an LNG regasification terminal in Kedah. The project, with a total estimated cost of RM72 million, aims to enhance Malaysia's energy security and support industrial growth in the region.
Theia Market Signal Identification - AI Assisted
Gas Malaysia Bhd, Tokyo Gas Co Ltd, and VTTI B.V. have entered into a joint development agreement for a liquefied natural gas (LNG) regasification terminal in Yan, Kedah, with a total estimated development cost of RM72 million. Gas Malaysia will lead the project and hold a 70% share, contributing RM49.8 million, while Tokyo Gas and VTTI will each hold 15%.
This collaboration aims to diversify LNG import infrastructure and enhance energy security in Malaysia, supporting future growth in the industrial and power sectors. A positive final investment decision could lead to improved future earnings for Gas Malaysia.
Comments