Pengerang $2 billion Deepwater Oil Terminal Project

Overview:

• The Pengerang project is a $17 billion project that is one of the largest projects in the market, and part of this involves the construction of a deepwater oil terminal at the southern tip of Malaysia's Johor peninsula sitting atop 150 acres of reclaimed sea bed. 
• Vopak, Dialog Group and the Malaysian government-owned oil and gas company, Petronas, are sponsoring the latest stage of the Pengerang project.
• Construction on the Pengerang project first commenced in 2011, and in 2014 the plan for a second terminal was announced.

Wai Yee Tsang - Journalist Asia-Pacific