KUALA LUMPUR: MISC Bhd
has secured a long-term contract from Petronas Gas Bhd (PGB) for the supply, operation and maintenance of a floating storage and regasification unit (FSRU).
In a filing with Bursa Malaysia, MISC said it received and accepted the letter of award on April 30, 2026, for the provision of a newbuild FSRU to PGB.
The project will be for a firm period of 20 years, with commencement expected in 2029. MISC will provide the FSRU services through its wholly owned subsidiary to PGB or its subsidiary.
In parallel, MISC has entered into a shipbuilding contract with Samsung Heavy Industries Co Ltd for the construction of one newbuild FSRU for the project.
“The project marks MISC’s entry into the FSRU segment, leveraging its technical and operational expertise in liquefied natural gas (LNG) carriers and floating storage units,” MISC said, adding that it reinforces its strategic collaboration with Petroliam Nasional Bhd (PETRONAS) in supporting Malaysia’s energy infrastructure development.
The company said the project is not expected to have any material impact on its earnings, net assets, gearing or share capital for the financial year ending Dec 31, 2026.
