Saturday, June 11, 2011

Perak Yes to site for RM5.8b LNG project

The Perak state government has approved a 60-hectare site in Tanjung Hantu in Manjung for liquefied natural gas (LNG) project involving an investment of RM5.8 billion.

State Industry, Investment, Entrepreneur Development, Tourism and Women Affairs Committee chairman, Datuk Hamidah Osman, said the project would be undertaken by Atigas Technology Sdn Bhd.

"The company will import the LNG from Qatar," she told a media briefing in Ipoh today.

Hamidah said the LNG project, the second in Asia after Singapore, was expected to generate 3,000 jobs.

"The plant is expected to attract more industries to move to Perak, especially near Manjung," she said.

She said the government was expected to save RM2 billion in subsidy a year because Atigas would sell the gas at the same subsidised price.

Meanwhile, Atigas managing director, Tang Hock Leng, said the project would involved two phases, with RM2 billion investment for the first phase which would start within a year and RM3.8 billion for the second phase.

"The company would build 20 LNG tanks in the first phase and 15 in the second phase. The first shipment of the LNG from Qatar will arrive within the first 15 months from now," he said.

Tang said the company planned to set up 350 LNG stations, including 100 exclusively for fishermen. -- Bernama

Source: http://www.btimes.com.my/Current_News/BTIMES/articles/20110609211049/Article/index_html

Published: 2011/06/09

No comments:

Post a Comment