July 15, 2014 [The Straits Times] - Tucked away in a corner of the south- eastern tip of Johor, a regional oil and gas hub is starting to develop in Pengerang. A world-class oil storage terminal officially opened near the small town last month.
Pengerang is part of an ambitious plan launched in 2009 to build Malaysia’s biggest refining and petrochemical complex. It has been earmarked as one of the country’s key economic transformation projects and is designed to develop South-east Johor into a regional oil storage and trading hub.
Pengerang will house oil refineries, naphtha crackers and petrochemical plants as well as a liquefied natural gas (LNG) import terminal and a regasification plant.
There are also plans to build another oil storage hub about twice the size of Ang Mo Kio off Johor’s Tanjung Piai coast near Jurong Island to capture spillover business from Singapore.
