Thursday, July 28, 2011

#Flash* US$100b Trans-Asian O&G pipeline project MoU inked

KUALA LUMPUR: Panelpoint Sdn Bhd, Hubei Weiguang Municipal Gas Investment and Development Co Ltd, PWS Manufacturing Sdn Bhd, Persatuan Kontraktor Melayu Malaysia, Asia Bolts and Nuts Group, Lotus Action Sdn Bhd and Technow Industrial Sdn Bhd have inked an MoU for the US$100 billion Trans-Asian Oil and Gas Pipeline project to build a 7,000km long gas pipeline.

The pipeline extending from Mersing, Johore will connect with an offshore utility platform in Northern Natuna Islands, Indonesia.

It will then continue northbound to Ho Chi Minh City, Hanoi, Vietnam and subsequently link to Hong Kong and Guangzhou, China.

Conversely, a pipeline will connect southbound from Northern Natuna Islands to Jakarta with smaller reticulation gas pipelines linking up other locations in the region.

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