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Norway's Equinor strikes Malaysia LPG deal with Global Petro Storage

Reuters  |  OSLO 

OSLO (Reuters) - Equinor and Global Petro Storage (GPS) have entered into a long-term agreement to build and operate a terminal and storage facility for liquefied petroleum gas (LPG) in Malaysia, the Norwegian company said on Thursday. Oil and gas firm Equinor will bring LPG to the terminal at Port Klang, expected to start operating in mid-2021, to sell into Malaysia and other Asian markets including Bangladesh, the Philippines, India, Indonesia and Vietnam, it said."Malaysia is an attractive market and we believe that we will be a competitive supplier to the wholesalers of LPG into the ...

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First Published: Thu, November 22 2018. 16:34 IST