AWARD OF PROCUREMENT, CONSTRUCTION AND COMMISSIONING (PCC) OF PENGERANG GAS PIPELINE PROJECT BY PETRONAS GAS BERHAD TO PBJV GROUP SDN BHD
Announcement Details/Table Section :
PETRONAS Gas Berhad (PGB) is pleased to announce that it had, on 21 April 2014, issued a Letter of Award for the Procurement, Construction and Commissioning (PCC) of the Pengerang Gas Pipeline Project to PBJV Group Sdn Bhd, in Consortium with CPM Construction Sdn Bhd, for a value of RM260,767,000. The contract period for the Pengerang Gas Pipeline Project is for a period of twenty six (26) months, effective from the date of the Letter of Award. The Pengerang Gas Pipeline Project is a project undertaken by PGB as part of the expansion of the Peninsular Gas Utilisation pipeline networkto Pengerang Integrated Complex.
None of the Directors and/or major shareholders of PGB and its subsidiaries or persons connected to them, have any interest, direct or indirect, in the award.
Petronas Gas Bhd is a Malaysia-based gas infrastructure and centralized utilities company. The Company operates through four segments: Gas Processing, Gas Transportation, Regasification, and Utilities. The Gas Processing segment activities include processing of natural gas into sales gas and other by-products such as ethane, propane and butane. The Gas Transportation segment activities include transportation of processed gas to gas shippers and customers and provision of operations and maintenance services. The Regasification segment activities include regasification of liquefied natural gas (LNG) and provision of ancillary services comprising LNG reloading, truck loading and gassing up and cooling down services. Utilities segment activities include manufacturing, marketing, and supplying industrial utilities. It also supplies steam, power, and industrial gases for its customers at Kerteh Integrated Petrochemical Complex in Terengganu and Gebeng Industrial Area in Pahang.