KUALA LUMPUR: Petronas Gas Bhd (PGB) had entered into an engineering, procurement, construction and commissioning agreement for the Regasification Terminal at Pengerang, Johor, with Samsung C&T Corp in consortium with Whessoe Engineering Ltd, Science-Tech Solutions Sdn Bhd and Samsung C&T (KL) Sdn Bhd for US$486.67 million (about RM1.5 billion). PGB said the contract is for 55 months starting today. This project will consist of a regasification terminal that will receive and store liquefied natural gas (LNG) unloaded from LNG carriers into two storage tanks and subsequently converted into gaseous form through a regasification process.
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