Pipelines, Storage & Power

Punj Lloyd closes finance on Sabah-Bintulu pipeline

International EPC contractor Punj Lloyd has achieved financial closure on the largest gas pipeline in Malaysia.
By Staff reporter 7 August 2017 0 27087

International EPC contractor Punj Lloyd has achieved financial closure on the largest gas pipeline in Malaysia, according to Money Control

The company saw its share price rise by 8% after the announcement.

The project is worth $822 million and consists of a 512-km, 36-inch diameter pipeline for transporting gas from the Sabah oil and gas terminal to the Petronas LNG complex at Bintulu.