Content2011 - PETRONAS Gas Berhad

Due to PGB’s extensive experience and
capability in gas infrastructure projects,
PGB was entrusted by its holding company
PETRONAS. The project has reaffi rmed the
Company’s technical credentials as it is targeted
to be completed in record time. The urgency
to complete and fully commission the LNG
Regasifi cation Facilities in Melaka is very much
linked to the nation’s energy supply situation
– with depleting gas molecules from offshore
Terengganu and the ever increasing demand
for electricity generated by Tenaga Nasional’s
and the independent power-producers’ gasfi
red power plants, this unique engineering
venture by PGB will alleviate the country’s
energy supply challenges. In view of the
declining gas production from domestic gas
fi elds and increasing demand for natural gas,
the only feasible option to mitigate the tight
gas supply situation is by increasing volume
of imported gas. With the LNG Regasifi cation
Facilities in existence, PETRONAS and other
shippers will be able to import LNG to
Malaysia from various LNG sources readily
available anywhere in the world and regasify
it in Melaka before piping it into the existing
PGU pipeline system.
The LNG Regasifi cation Facilities project in
Melaka will ensure continuous and reliable
supply of cleaner and greener energy for the
nation simply because gas is the safest and
most commercially attractive energy.
The project encompasses the following
facilities under three packages:
a) Two fl oating storage units (FSUs) to receive
and store LNG;
b) An island jetty equipped with regasifi cation
units to regasify LNG; and
c) Subsea and onshore pipelines to transport
the regasifi ed LNG to the PGU pipeline
system.
The integrated facilities, within the vicinity of
the Sg. Udang Port are designed to receive,
store and vaporise imported LNG with a
maximum capacity of 3.8 MTPA (up to 530
mmscfd).
61 annUaL report 2011
The LNG Regasifi cation Facilities is targeted to
be fully commissioned by June 2012 and has
been classifi ed as a national interest project. It
is well within the radar of the Prime Minister
of Malaysia and has been earmarked as one
of the key catalysts under the National Key
Economic Area (NKEA). The project was fi rst
mentioned by the Prime Minister when he
unveiled the 10th Malaysia Plan at Parliament
in June 2010.
RECOGNITIONS
CEO’s Business Review
The LNG Regasifi cation Facilities project
in Melaka will ensure continuous and
reliable supply of cleaner and greener
energy for the nation.
Counting Our Blessings,
and Accolades Too
The Company continues to add to its collection
of plaques and silverware by receiving a
signifi cant number of accolades and awards
for its good practices and achievements,
primarily in HSE and also for its Corporate
achievements. For the year under review, PGB
received eight awards from the Malaysian
Society of Occupational Safety and Health
(MSOSH), involving the Company’s facilities
across all divisions. This year, the Company’s
GPP B in Paka continues to achieve the