KUALA LUMPUR: Petronas Gas Bhd
(PGB) received a notification letter from the Ministry of Economy on April 30, 2026, to develop the Third Regasification Terminal in Lumut, Perak (RGT-3) based on the floating storage and regasification unit (FSRU) concept.
In a filing with Bursa Malaysia today, PGB said it is also exploring the joint development of the project with a potential partner.
The company noted that the RGT-3 would be developed based on the FSRU concept, whereby the liquefied natural gas (LNG) storage and regasification processes would be carried out on the FSRU.
"The regasified LNG will then be transported via a connecting pipeline from the RGT-3 onshore and berthing facilities to the Peninsular Gas Utilisation (PGU) system. This project will represent the first deployment of an FSRU in Malaysia,” it said. - Bernama
