Petronas Gas Berhad has awarded an RM92 million Engineering, Procurement, Construction, and Commissioning contract for the extension of lateral gas pipeline to ND Paper Malaysia (Selangor) Sdn. Bhd. in Banting, Selangor to Consortium Of Carimin Engineering Services and I Drill Pipelines Construction based on competitive bidding.
As part of the gas transportation business, Petronas Gas will be constructing an approximately 10km lateral pipeline and metering station to supply natural gas to a paper-making plant; ND Paper Malaysia (Selangor) Sdn. Bhd. located in Banting Industrial City, Banting, Selangor.
The group intends to utilise its existing Islamic financing facility to fund the project cost adding that the project will not have any effect on the issued and paid-up share capital and substantial shareholders’ shareholdings.