FOR IMMEDIATE RELEASE
MENTERI BESAR OF JOHOR OFFICIATES THE OPENING OF DIALOG TERMINALS PENGERANG 5PHASE 3A, PENGERANG DEEPWATER TERMINALS
Pengerang, 5 April 2021 - DIALOG Group Berhad (“DIALOG”) today celebrates the official opening and the completion of Phase 3A of Pengerang Deepwater Terminals ("PDT”) development, which received its first vessel on 19 March 2021. Following the signing of the Long Term Storage Agreement with bp Singapore Pte Ltd in December 2018, Phase 3A was completed on schedule and within the projected cost despite the implementation of the Movement Control Order in March 2020, while adhering to the laws and regulations.
The official opening ceremony was officiated by the Menteri Besar of Johor YAB Dato’ Haji Hasni bin Mohammad and Tan Sri Dr. Ngau Boon Keat, Executive Chairman of DIALOG. Also in virtual attendance from Singapore was Mr. Eugene Leong, Country President, bp Singapore and Myanmar, CEO Refining & Products Trading, Asia Pacific & Middle East.
Operated by Dialog Terminals Pengerang (5) Sdn Bhd, this first parcel of PDT’s Phase 3 consists of storage tanks with a capacity of 430,000 cubic metres for clean petroleum products, common tankage facilities (including shared infrastructure) and deepwater marine facilities (Jetty 3). This marks the continued expansion of PDT in Pengerang with a total initial investment of RM1.6 billion for Phase 3A.
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.
In his speech, Johor Menteri Besar YAB Dato’ Haji Hasni bin Mohammad said, “I believe the continued development of Phase 3 has the potential to attract more refining and petrochemical complexes as well as downstream petrochemical manufacturing plants and spur increased trading activities, which could potentially bring multi-billion Ringgit investments to Johor. Such continued investments to develop Pengerang will create more economic value add, catalyse long term economic activity and create high value, skilled jobs, for both Johor and Malaysia.”
DIALOG Executive Chairman Tan Sri Dr. Ngau Boon Keat said “from the time we signed the first MOU with the Johor State Government in June 2009, we developed Pengerang Deepwater Terminals in stages and we have grown from strength to strength. With the first two phases of PDT already in operations and the opening of this new terminal is another significant milestone in this direction and is expected to catalyse the further development of Pengerang Deepwater Terminals in the coming years. So far, the total investments in Phase 1, 2 and 3 has exceeded RM 13.5 billion.”.
“With an approximate 500 acres reserved for Phase 3 and future phases, PDT has the potential to attract more refining and petrochemical complex as well as downstream petrochemical manufacturing plants into Pengerang and I am confident it will evolve into a leading oil, gas and petrochemical hub in the Asia Pacific region” added Tan Sri Dr. Ngau Boon Keat.
Speaking from Singapore, Mr. Eugene Leong, Country president, bp Singapore and Myanmar, CEO refining & products trading, Asia Pacific & Middle East said that “bp has a long-standing relationship with DIALOG and the establishment of the new terminal reinforces this. Congratulations on the opening and we wish the terminal safe and efficient operations in the years ahead”.
