Norwegian oil and gas firm Equinor has signed an agreement with Global Petro Storage (GPS) to jointly develop a liquefied petroleum gas (LPG) terminal and storage facility in Port Klang, Malaysia.
The project will consist of a 35,000m³ facility that can accommodate up to 1.5Mtpa of LPG. The terminal will handle very large gas carriers (VLGC) and pressurised LPG vessels on its jetty.
Equinor will bring LPG from multiple regions such as the North Sea and North Africa to the terminal at Port Klang to sell in Malaysia and other Asian markets, including Bangladesh, the Philippines, India, Indonesia and Vietnam.
The project is expected to be operational by mid-2021.
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