MISC said the project has an estimated contract value of up to US$213.7mil.
KUALA LUMPUR: MISC Bhd
has entered into a heads of agreement with Pengerang LNG (Two) Sdn Bhd, a subsidiary of Petronas Gas Bhd, for the supply, operation and maintenance of a liquefied natural gas (LNG) floating storage unit (FSU) at the PETRONAS LNG regasification terminal in Pengerang, Johor.
In a filing with Bursa Malaysia yesterday, MISC said the project has an estimated contract value of up to US$213.7mil and is valid for 20 years from the expected operation date of 2025 and may be extended upon mutual agreement.
