Japan’s JGC Corp secures US$502m Petronas contract


KUALA LUMPUR: Japan’s JGC Corporation has secured a 60bil yen (US$502mil) contract from Petroliam Nasional Bhd (Petronas) to expand the facilities at its liquefied natural gas (LNG) complex in Bintulu, Sarawak.

JGC Corporation said on Monday the contract was awarded by Petronas LNG 9 Sdn Bhd (PL9SB) which included engineering, procurement, construction and commissioning (EPCC). 

“The contract, valued at approximately 60 billion yen, calls for the EPCC work associated with expansion of LNG storage and shipping facilities at the Petronas LNG complex,” it said.

JGC Corporation said the PLC is one of the world’s largest LNG production facilities and has eight production trains with a combined capacity of 25.7 million tonnes per annum (MPTA).

“The contract received by JGC calls for EPCC work associated with construction of the piping and associated facilities connecting the existing six LNG storage tanks and the seventh new LNG storage tank with the shipping facilities. 

“This includes the piping connecting the LNG rundown lines from the existing LNG trains with the LNG rundown line from the ninth LNG train currently under construction,” said the company.

JGC said the project would help stabilise Malaysia’s capacity to export LNG which would help to support the country’s continuing economic growth. 

“The project will also be important in helping Japan’s energy security, as they currently rely on Malaysia for more than 15% of its total LNG imports,” it said.

Corporate News , Oil & Gas