Kinergy Advancement Berhad has been awarded a contract by Pengerang LNG (Two) a subsidiary of Petronas Gas Berhad to supply utilities expansion and infrastructure enhancement of 137,000m3 of Liquefied Natural Gas Carriers into a Floating Storage Unit transformation.
The LOA includes for the engineering, procurement, construction, and commissioning work of utility supply for FSU at the Regasification Terminal Pengerang and is expected to be completed by KAB by the end of 2024. The expansion of these LNG facilities and the conversion of LNGC into FSUs will significantly increase the capacity and efficiency of LNG storage in the region. The RGTP is currently planning to convert 137,000m3 of LNGC into a FSU, which will be permanently stationed as new LNG storage offshore. The contract sum of RM 33.3 million for the utility supply to support the operation of the new facilities. LNG is a natural gas that has been cooled down from gaseous to liquid form for easier storage and transport. As part of KAB’s environmental sustainability efforts, the FSU will be engineered to facilitate shore power connections, with the aim of reducing emissions and enhancing operational efficiency.
KAB said the project is expected to enhance its revenue and solidify the group’s position in Sustainable Energy Solutions (SES), aligning with KAB’s vision for a sustainable future.
“company is committed to delivering top-quality services that will meet the requirements of PETRONAS technical standards as well as international standards. The contract marks the second contract that has been awarded by a PETRONAS-owned entity pursuant to the EPCC contract secured earlier this year, to build and supply 52 megawatts electricity, which is to be known as the first single Malaysia’s largest gas engine power plant. This latest LOA serves to reinforce KAB’s reputation and fosters opportunities for potential future collaborations within the industry.
