Global Petro Storage (GPS) has started construction of its new liquid petroleum gas (LPG) storage facility in Malaysia.
A groundbreaking ceremony in Port Klang marked the start of the project, which will be a first for South East Asia.
Yang Berhormat Dato’ Kamarudin Jaafar, Malaysia’s deputy transport minister, attended the event, along with other dignitaries, local partners and industry stakeholders.
The new facility should be ready by early 2021, and has been developed in partnership with Equinor, the multinational energy company. The terminal represents a foreign direct investment of 300 million USD to Malaysia.
Eric Arnold, CEO of GPS Group said: “This is a significant moment for GPS group, and for Malaysia.
“We are extremely proud to have had strong support from the Malaysian government, which immediately acknowledged the terminal’s strategic interest to the country and Malaysian customers.
“As well as enabling critical strategic reserves to be placed on Malaysian soil, the terminal significantly improves the LPG supply chain reliability in Malaysia and provides opportunities for domestic players to supply other countries in the region.
“We at GPS are firm believers that gas is the fuel of the future, and we are focused on developing the infrastructure needed to allow suppliers access to the global marketplace.
“Our mission is to design, build and operate energy assets globally and we have the technical and operational expertise, combined with the financial muscle to realize the full range of projects.”
The 134,000 m3 Port Klang LPG terminal will have separate storage tanks for refrigerated propane and butane, as well as facilities for heating and mixing to produce various blends of LPG.
The terminal is the beginning of a series of projects in South East Asia for Singapore-headquartered GPS. The team is actively pursuing pressurised terminal projects in the region, and has reserved 15 acres of land at Port Klang to develop an independent LNG storage import and distribution terminal.