KUALA LUMPUR (Dec 23): PETRONAS Gas Bhd (KL:PETGAS) said on Monday it is paying up to US$173.64 million (RM705.67 million) cash upfront for 18 years of jetty fees at its Pengerang liquefied natural gas (LNG) terminal in a one-off deal to reduce its exposure to currency fluctuations. The ringgit rose to a five-year high against the US dollar at 4.0645 on Tuesday. In a filing with the bourse, PETRONAS Gas said its subsidiary Pengerang LNG (Two) Sdn Bhd (PLNG2) signed a one-off agreement with Pengerang Terminals (Two) Sdn Bhd (PT2SB) to prepay annual fixed charges under the 2017 Jetty Usage Agreement (JUA) for jetty services at the Pengerang LNG terminal. PT2SB is a joint venture between PETRONAS’ wholly owned unit PRPC Utilities and Facilities Sdn Bhd, Dialog Equity (Two) Sdn Bhd, Vopak Terminal Pengerang BV, and Permodalan Darul Ta’zim Sdn Bhd. PETRONAS Gas said the jetty facilities will continue to be used by PLNG2 until the end of the contracted period, and the operational portion of the JUA will remain unaffected.

Source: The Edge Markets December 23, 2025 12:02 UTC