Source: http://www.nst.com.my/nation/general/rm10b-for-lng-project-1.143580
JOINT DEVELOPMENT: Independent trading terminal in Johor to spur industry's growth
Prime
Minister Datuk Seri Najib Razak posing for a group photograph after
unveiling seven more entry point projects in Putrajaya yesterday. With
him are (seated, from left) National Instruments Asean managing
director Chandran Nair, Avenion Companies group president and Green
Purchasing Network Malaysia president Datuk Seri Izmee Che Ismail,
International Trade and Industry Minister Datuk Seri Mustapa Mohamed,
Pemandu chief executive officer Datuk Seri Idris Jala, Science,
Technology and Innovation Minister Datuk Seri Dr Maximus Ongkili,
(standing, from left) Human Resources Development Fund chief executive
officer Amirnuddin Mazlan, United Plantations Bhd executive director
Datuk Carl Bek Nielsen, Dialog Group Bhd executive chairman Dr Ngau Book
Keat, Medical Devices Corporation director Loke Khing Hong, Ranbaxy
Malaysia chief executive officer and managing director Arun Sawhney and
Department of Skills Development director-general Pang Chau Leong. Pic
by Fariz Iswadi Ismail
1 / 1
Its executive chairman, Ngau Boon Keat, said the terminal and storage facilities would be built on an 200ha site in Pengerang.
"We are proposing the project in this area as we feel that it is strategically located and the proposed site is near Singapore," he said after the unveiling of seven more entry point projects (EPPs) by Prime Minister Datuk Seri Najib Razak here yesterday.
Dialog Group's RM4.08 billion LNG terminal is one of the seven EPPs to be developed under the government's Economic Transformation Programme.
Under the proposed project, a consortium, comprising Dialog Group, the Johor government and Royal Vopak, will jointly develop an LNG storage, loading and regasification terminal to import LNG for trading purposes as well as for domestic consumption.
Ngau said the terminal would be the first independent LNG trading terminal in Asia, which would allow multiple LNG users to store and trade the product to spur the industry's growth and establish Malaysia as an LNG trading hub in the region.
He also said the terminal would consist of two phases -- Phase 1 would be built between next year and 2016, and Phase 2 between next year and 2018.
He said the project was expected to contribute RM557 million to the country's gross national income and create some 100 new jobs up to 2020.
On protests by villagers and non-governmental organisations towards the project in Pengerang, Ngau said they should ask themselves why there were already such facilities, including refineries, in other places and parts of the world.
"Why was there no protest when we built refineries in Port Dickson or petrochemical plants in Kerteh? In fact, some of these facilities have been running since the 1960s.
"Why the fuss now? We are investing to help the economy grow and provide jobs for the locals."
No comments:
Post a Comment