DIALOG’s Pengerang Deepwater Terminals (PDT) development has entered into Phase 3A, following a Long Term Storage Agreement (LTSA) with BP Singapore that will see the construction of storage tanks and the provision of storage and handling services to BP by DIALOG in Phase 3A.
The phase will consist of storage tanks with a capacity of 430,000 cbm for clean petroleum products, and is set to complete in mid‐2021.
Phase 3A is the first parcel of PDT’s Phase 3, where the construction of common tankage facilities (including shared infrastructure) and deepwater marine facilities (Jetty 3) are already underway. The launch of Phase 3A was officiated by the Menteri Besar of Johor YAB Dato’ Dr. Sahruddin bin Haji Jamal, with Ms Sharon Weintraub, CEO Eastern Hemisphere, BP Supply Trading, and Tan Sri Dr. Ngau Boon Keat, Executive Chairman of DIALOG, in attendance.
This marks the continued expansion of PDT in Pengerang, Johor, where Phase 3 is currently being developed on approximately 300 acres of land within PDT with an indicative initial investment cost of RM2.5 billion. DIALOG is targeting medium to long term customers, potentially comprising oil traders, multinational oil companies, refineries and petrochemical plants, which will in turn, support various downstream operations including those of the refinery and petrochemical plants within the Pengerang Integrated Petroleum Complex.
DIALOG Executive Chairman Tan Sri Dr. Ngau Boon Keat said: “PDT offers a compelling value proposition for the establishment of strategic hub operations to capture the growth in the Asia Pacific region, given its ideal location and one-stop integrated hub offering. With Phase 1 and Phase 2 of PDT already in operations, the entry into the Long Term Storage Agreement with BP Singapore for Phase 3A of PDT is another significant milestone in this direction and is expected to catalyse the further development of PDT in the coming years.”
“With approximately 500 acres reserved for future phases, the development of PDT into the largest oil, gas and petrochemical hub in the Asia Pacific region is well underway, and our vision for Pengerang to become the “Rotterdam of the East” is today becoming a reality,” added Tan Sri Dr. Ngau Boon Keat.
For more information visit www.dialogasia.com