French LNG engineer Technip Energies has secured a FEED contract for Gas Malaysia’s planned FSRU-based LNG terminal in Yan, Kedah.
Technip Energies announced on Tuesday that it had been awarded the contract for the offshore regasification terminal Yan project in Kedah, northwest Malaysia.
“Our scope includes evaluating best regasification terminal configurations before completing the full FEED for the selected solution, establishing the project’s technical basis and supporting its progression towards final investment decision,” it said.
Jointly developed by Gas Malaysia, Tokyo Gas Asia, and VTTI, the terminal will have a capacity of 6 million tons per annum.
It will comprise an offshore floating LNG storage and regasification, marine infrastructure, a subsea gas pipeline, as well as an onshore receiving facility.
“This RGT Yan project will introduce a new LNG entry point in the northern region of Peninsular Malaysia, strengthening the resilience and flexibility of the country’s natural gas supply, supporting growing industrial and power demand, and contributing to energy security across the region,” Technip Energies said.
The French firm did not provide the contract price.
Trio
In May this year, Gas Malaysia entered into a joint development agreement with its shareholder Tokyo Gas and Rotterdam-based storage terminal owner VTTI, co-owned by Vitol, IFM, and Adnoc, for its planned FSRU-based LNG regasification terminal.
According to the Malaysian firm, during the joint development phase, the partners will bear the agreed development costs in proportion to their respective participating interests of 70 percent for Gas Malaysia, 15 percent each for TG and VTTI, which reflect the envisaged equity participation of the parties should the proposed joint venture for the project be formed following a positive FID.
Moreover, the total estimated development cost under the agreement is 72 million Malaysian ringgit ($17.6 million), of which Gas Malaysia’s portion is estimated at 49.8 million ringgit based on its 70 percent share of the total cost.
The project is currently estimated to cost approximately 2 billion to 3 billion Malaysian ringgit ($488.7 million-$733 million). (August 11, 2026, Source: https://lngprime.com/asia/technip-energies-scores-malaysian-lng-gig/194891/)
MALAYSIA - LNG - SUPPLIES - IMPORTS - EXPORTS