{"id":73581,"date":"2018-12-07T18:01:02","date_gmt":"2018-12-07T10:01:02","guid":{"rendered":"https:\/\/buletinonline.net\/v7\/?p=73581"},"modified":"2018-12-07T18:14:00","modified_gmt":"2018-12-07T10:14:00","slug":"petronas-conducting-feasibility-study-on-energy-supply-in-silica-valley","status":"publish","type":"post","link":"https:\/\/buletinonlines.net\/v7\/index.php\/petronas-conducting-feasibility-study-on-energy-supply-in-silica-valley\/","title":{"rendered":"Petronas Conducting Feasibility Study On Energy Supply In Silica Valley"},"content":{"rendered":"

Petroliam Nasional Bhd (Petronas) is undertaking a feasibility study for the development of an energy supply and related infrastructure in the Terengganu Silica Valley in Marang.<\/p>\n

President\/Chief Executive Officer Tan Sri Wan Zulkiflee Wan Ariffin said the study, conducted together with state-owned company Terengganu Inc, would involve technical and commercial assessment to develop natural gas supply, power generation, supply of industrial gases and other related gas supply in the Silica Valley.<\/p>\n

“We expect to complete the study within 18 months,” he told reporters after witnessing the signing of a Memorandum of Understanding (MoU) between Petronas and Terengganu Inc here today.<\/p>\n

The MoU was signed by Petronas Malaysia Petroleum Management Vice-President Muhammad Zamri Jusoh and Terengganu Inc Director Datuk A Rahman Yahya.<\/p>\n

\"\"<\/a>Terengganu Menteri Besar Dr Ahmad Shamsuri Mokhtar, who witnessed the ceremony, said the MoU also included a proposal to develop 32 kilometres of gas transmission and distribution pipeline to the project to allow supply of gas through the peninsular gas utilisation network from existing gas supply systems.<\/p>\n

He said the Silica Valley development would be partly funded by the State government, but declined to disclose the amount, saying that the proposal was still at the preliminary stage.<\/p>\n

With a gross development value of RM13 billion, the Silica Valley will be developed in two phases \u2014 470 hectares (ha) in the first phase and 3,520 ha in the second phase.<\/p>\n

The project is scheduled for completion within 10 to 15 years and create 7,200 jobs.<\/p>\n

On the outcome of the Organisation of the Petroleum Exporting Countries\u2019 (OPEC) meeting today, Wan Zulkiflee said Petronas’ plans were based on the continuance of the production cut.<\/p>\n

“In the past, we have been complying with this 20,000 barrels production cut per day and we just have to see on the outcome of this meeting,” he said.<\/p>\n

The OPEC meeting is scheduled to be held in Vienna today with the aim of reaching an accord over production levels for the next six months.<\/p>\n

The cartel will then meet with allied non-OPEC partners tomorrow, with markets widely-expecting the energy alliance to announce steep output reductions of around 1.2 million to 1.4 million barrels per day starting January.<\/p>\n

Petronas had previously reduced its oil production by 20,000 barrels per day in line with efforts by OPEC and its allies to solve the global supply glut.-theedgemarkets.com<\/p>\n","protected":false},"excerpt":{"rendered":"

Petroliam Nasional Bhd (Petronas) is undertaking a feasibility study for the development of an energy supply and related infrastructure in the Terengganu Silica Valley in Marang. President\/Chief Executive Officer Tan Sri Wan Zulkiflee Wan Ariffin said the study, conducted together with state-owned company Terengganu Inc, would involve technical and commercial assessment to develop natural gas […]<\/p>\n","protected":false},"author":1,"featured_media":64604,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[35],"tags":[],"better_featured_image":{"id":64604,"alt_text":"","caption":"","description":"","media_type":"image","media_details":{"width":1040,"height":647,"file":"2018\/01\/Lombong-silika-Bari.jpg","filesize":179046,"sizes":{},"image_meta":{"aperture":"0","credit":"","camera":"","caption":"","created_timestamp":"1516866537","copyright":"","focal_length":"0","iso":"0","shutter_speed":"0","title":"","orientation":"1","keywords":[]}},"post":64598,"source_url":"https:\/\/buletinonlines.net\/v7\/wp-content\/uploads\/2018\/01\/Lombong-silika-Bari.jpg"},"_links":{"self":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/73581"}],"collection":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/comments?post=73581"}],"version-history":[{"count":4,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/73581\/revisions"}],"predecessor-version":[{"id":73586,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/posts\/73581\/revisions\/73586"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/media\/64604"}],"wp:attachment":[{"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/media?parent=73581"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/categories?post=73581"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buletinonlines.net\/v7\/index.php\/wp-json\/wp\/v2\/tags?post=73581"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}