Petronas Gas: More revenue from terminal

Petronas Gas (PTG) will likely generate more revenue from its second liquefied natural gas re-gasification terminal in
Pengerang, Johor.

'We expect 500 million standard cubic feet per day (mmscfd) of gas to flow through Pengerang,' OSK research said in its research note today.

PTG confirmed it will proceed with a 3.6 tonne per annum LNG regasification terminal in Pengerang, to be completed by 2016, as part of its Refinery and Petrochemical Integrated Development (RAPID) project.

OSK Research said PTG would likely own the Pengerang LNG terminal.

It added that PTG was now more willing to restart gas field development since it longer had to bear an unnecessary social burden due to the reduction in gas subsidies. -- Bernama