Petronas awards Kinergy Advancement RM33m contract

KINERGY Advancement Bhd (KAB) has secured a RM33.3 million contract from Pengerang (Two) Sdn Bhd, a Petronas Gas Bhd subsidiary. 

The contract involves providing engineering, procurement, construction, and commissioning (EPCC) services for the expansion and infrastructure enhancement of liquefied natural gas carriers into a floating storage unit (FSU) transformation at the Regasification Terminal Pengerang (RGTP). 

KAB will complete the work by the end of 2024 and will focus on facilitating shore power connections to reduce emissions and enhance operational efficiency. 

The project is expected to increase KAB’s revenue and strengthen its position in sustainable energy solutions. 

It is the second contract awarded by a Petronas-owned entity this year. – TMR