KUALA LUMPUR:'' RANHILL BHD [] has said its subsidiary Ranhill WorleyParsons Sdn Bhd has a 70% stake in the consortium with MUHIBBAH ENGINEERING (M) BHD [] that secured the RM1.07 billion contract from PETRONAS GAS BHD [], making it the major beneficiary.
The consortium was awarded the engineering, procurement, CONSTRUCTION [], installation and commissioning for the LNG regasification unit, berth and subsea pipeline.
Ranhill said on Thursday, Jan 27 that Ranhill WorleyParsons is its 51%-owned subsidiary.
'The consortium is led by Ranhill, and the contract is valued at RM 1.07 billion with a 70:30 split in favour of Ranhill,' it said.
The announcement was made following Muhibbah's statement issued on Wednesday, Jan 26 about the contract.
Construction is set to start by the second quarter of 2011 and is expected to be completed by the third quarter of 2012.
The facilities near Sungai Udang Port, Melaka will have a maximum send-out gas capacity of 3.8 million tonnes per annum.
Central to the whole facilities is the LNG Regasification Plant which will regasify liquefied natural gas and once regasified, the gas will be transmitted into the Peninsular Gas Utilisation (PGU) pipeline.
The consortium was awarded the engineering, procurement, CONSTRUCTION [], installation and commissioning for the LNG regasification unit, berth and subsea pipeline.
Ranhill said on Thursday, Jan 27 that Ranhill WorleyParsons is its 51%-owned subsidiary.
'The consortium is led by Ranhill, and the contract is valued at RM 1.07 billion with a 70:30 split in favour of Ranhill,' it said.
The announcement was made following Muhibbah's statement issued on Wednesday, Jan 26 about the contract.
Construction is set to start by the second quarter of 2011 and is expected to be completed by the third quarter of 2012.
The facilities near Sungai Udang Port, Melaka will have a maximum send-out gas capacity of 3.8 million tonnes per annum.
Central to the whole facilities is the LNG Regasification Plant which will regasify liquefied natural gas and once regasified, the gas will be transmitted into the Peninsular Gas Utilisation (PGU) pipeline.
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