KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) expects US$5.2bil (RM16.53bil) to be invested in the North Malay Basin project, a new integrated gas development in Peninsular Malaysia, over the next five years.
In a statement, Petronas said the project would commercialise around 1.7 std trillion cu ft of gas reserves from the area. “The project is part of Petronas’ overall efforts, including the various enhanced recovery initiatives, to enhance the security of gas supply situation in the country.”
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