Project Update

Pengerang Project Update

SPV1 - PENGERANG INDEPENDENT TERMINAL

 

SPV 1, PENGERANG INDEPENDENT TERMINAL ("PHASE 1 PROJECT") Phase 1 Project involves the construction of an initial storage capacity of approximately 1.3 million cubic metres (m3) on 150 acres of reclaimed land, together with six deepwater berths at a cost of RM2.0 billion. It has the capability to handle the storage, blending and distribution of crude oil, petroleum, chemical and petrochemical feedstock products, and by-products.

Phase 1 Project is owned by Pengerang Independent Terminals Sdn Bhd, a joint venture between DIALOG (46%), Royal VOPAK (44%) and S.S.I (10%). It commenced operations in the second quarter of calendar year 2014.

Phase 1A has received more than 100 shipments since its first shipment on 12 April 2014. Phase 1B (petroleum products) is also in operations while the construction of Phase 1C (crude oil) is now completed (Dec 2014). Phase 1 received its very first Very Large Crude Carrier (VLCC) on 16 March 2015.

The swift development of the Phase 1 Project is encouraging and with land available for further expansion, SPV 1 is able to develop an additional 1 million m3 should the requirement arise.

With effect from May 1, 2015, oil pricing agency, Platts will also include the terminal in its Singapore price assessment process.


Overall Site View


Phase 1A


Phase 1B


Phase 1C

PENGERANG TERMINAL PHASE 2 PROJECT BY PENGERANG TERMINALS (TWO) SDN BHD (SPV2)

On 19 December 2014, Dialog announced that its wholly-owned subsidiary had on 19 December 2014 entered into Shareholders’ Agreement with PRPC(UF) (wholly-owned subsidiary of PETRONAS Refinery and Petrochemical Corporation Sdn Bhd) and VOPAK Pengerang for the development of Pengerang Terminal Phase 2 Project.

Pengerang Terminal Phase 2 Project is the next development phase in Pengerang Deepwater Terminal. It involves the development, construction and operation of the facilities required for the handling, storage and distribution of the crude oil, petroleum, chemical and petrochemical feedstock products together with its ancillary by products, to and from the RAPID complex at Pengerang.

Pengerang Terminal Phase 2 Project involves the construction of storage capacity of approximately 2.1 million m3 and a deepwater jetty with twelve berths at an approximate cost of RM6.3 billion.

Concurrently with the signing of the Shareholders’ Agreement, SPV 2 had entered into a EPCC contract with Dialog Plant Services Sdn Bhd, a wholly-owned subsidiary of DIALOG, for the development of the Project with a target EPCC cost of approximately RM5.5 billion.

Pengerang Terminal Phase 2 Project will be a dedicated terminal for RAPID to be built on 157 acres next to the site of the existing Phase 1 and is scheduled to be commissioned together with the RAPID refinery complex.

SPV 2 is the joint venture company established to undertake this Pengerang Terminal Phase 2 Project.

Pengerang Project Update

July 2015

SPV - 2 Pengerang Terminals (2)


Jetty Main Trestle Piling Work


Commencement of Tank Foundation Piling Work

Pengerang Project Update

Sept 2015

SPV - 2 Pengerang Terminals (2)


Jetty Main Trestle Piling Work


PDT2 Overall Tank Terminal Piling Work

Pengerang Project Update

Mar 2016

SPV - 2 Pengerang Terminals (2)


Jetty Main Trestle Piling Work


First Shell Course Erection


Overall Tank Terminal Foundation Work (March 2016)

Pengerang Project Update

June 2016

SPV - 2 Pengerang Terminals (2)


Jetty Main Trestle Piling Work


Overall Tank Foundation Work (June 2016)

Pengerang Project Update

Sept 2016

SPV - 2 Pengerang Terminals (2)


PDT2 Overall Tank Terminal Construction Progress (Western View)


PDT2 Overall Tank Terminal Construction Progress (Eastern View)

Pengerang Project Update

Dec 2016

SPV - 2 Pengerang Terminals (2)


Jetty 2 Construction Progress


PDT2 Overall Tank Terminal Construction Progress (Eastern View)

Pengerang Project Update

Mar 2017

SPV - 2 Pengerang Terminals (2)


Jetty 2 Construction Progress


PDT2 Overall Tank Terminal Construction Progress (Eastern View)

PENGERANG LNG PROJECT BY PENGERANG LNG (TWO) SDN BHD (SPV 3)

 

On 14 November 2014, Dialog announced that its wholly-owned subsidiary, Dialog LNG and SPV 3 had on 14 November 2014 entered into Shareholders’ Agreement with PETRONAS Gas for the development of Pengerang LNG Project.

The Pengerang LNG Project is one of seven projects announced during the ETP update in September 2012. It is also part of the Pengerang Deepwater Terminal which involves the development of LNG regasification facilities comprising of a regasification unit and two units of 200,000 m3 LNG storage tanks with an initial send out capacity of 3.5 MTPA (equivalent to approximately 490 MMscfd) of natural gas.

The regasification terminal will receive and store LNG unloaded from carriers into two storage tanks. The LNG is then converted into gaseous form through a regasification process and will be mainly supplied to PIPC for their fuel requirement. The gas can also be injected into the Peninsular Gas Utilisation pipeline system for the purpose of national energy security supply.

SPV 3 is the joint venture company established for the purpose of undertaking this Pengerang LNG Project.