Dialog completes phase 1A of Pengerang terminal

PETALING JAYA: Dialog Group Bhd has completed the phase 1A terminal in Pengerang, Johor, part of the RM5 billion entry point project under the Economic Transformation Programme.
In a filing with Bursa Malaysia, phase 1A, which has 25 tanks of various capacities with a total storage capacity of 432,000 cubic metres (cbm), had commenced its operations.
"Pengerang terminal received its first shipment from a reputable international oil trader on April 12," it said.
Dialog said with the completion of phase 1A, phase 1 of the Pengerang project is progressing well with the construction of the other phases on schedule for completion by end of 2014.
"Phase 1's development covers 150 acres of reclaimed sea-bed land with initial storage capacity of about 1.3 million cbm for together with six berths, at a cost of RM2 billion," it added.
The phase 1 terminal is being undertaken by Dialog's joint venture company, Pengerang Independent Terminals Sdn Bhd, a 90:10 joint venture company between Pengerang Terminals Sdn Bhd (PTSB) and State Secretary, Johor (Incorporated).
Dialog and Vopak Terminal Pengerang BV holds 51% and 49% respectively in PTSB.
Pengerang project is built with deepwater jetty facilities, 24 metres deep, enabling it to handle very large crude carriers (VLCCs). The entire development may take another 10 to 15 years to be fully complete.
The project will create huge impact to local communities through creation of many economic activities as it will also complement the RAPID project that was recently confirmed by Petronas.
The Pengerang terminal will be Dialog's third terminal and will synergise with its investment in tankage facilities in Kertih, Terengganu and Tanjung Langsat, Johor.