Samsung Engineering has formalized the signing of a US$770 million (RM2.5billion) contract with Petroliam Nasional Bhd (Petronas) and Hess, a United States energy company, to build a large-scale gas terminal in Terengganu. The South Korean company on Wednesday inked the agreement with Petronas Carigali Sdn Bhd (PC
Samsung Engineering has formalized the signing of a US$770 million (RM2.5billion) contract with Petroliam Nasional Bhd (Petronas) and Hess, a United States energy company, to build
a large-scale gas terminal in Terengganu.
The South Korean company on Wednesday inked the agreement with Petronas Carigali Sdn Bhd (PCSB), the exploration and production arm of Petronas, and Hess Exploration and Production Malaysia B.V, to carry out the gas terminal development project.
Samsung Engineering was represented at the signing ceremony by its chief executive officer Park Joong-heum, PCSB by its CEO Datuk Anuar Taib and Hess by its vice-president for Asia Pacific, Sauu Kakok.
In a statement, Samsung Engineering said the gas pre-treatment facility will be built at the Kerteh Industrial Complex in Kerteh, 260km from Kuala Lumpur.
“This plant will eliminate impurities such as carbon dioxide and hydrogen sulfide from natural gas extracted offshore and produce gas at a large-scale of 700 million cubic feet per day,” it said.
Samsung Engineering had in September received the letter of award for the project, which will be conducted on a lump-sum turnkey basis for engineering, procurement, construction and
commissioning.
The project is expected to be completed in June 2016.