MISC signs an HOA with PLNG2SB for the LNG FSU project

MISC Berhad (MISC) has entered into a binding Heads of Agreement (HOA) with Pengerang LNG (Two) Sdn. Bhd. (PLNG2SB) for the supply, operation, and maintenance of a Liquefied Natural Gas (LNG) Floating Storage Unit (FSU) intended to be deployed at the PETRONAS LNG Regasification Terminal Pengerang (RGTP) in Johor.

At the core of this latest partnership is the conversion of MISC’s LNG Carrier, Puteri Delima Satu, into an FSU dedicated to this project. The FSU is designed to receive shore power to reduce emissions while improving operational efficiency and is set to become commercially operational by Q2 of 2025 under a 20-year contract term, with provisions for extension based on mutual agreement.

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