Kinergy Advancement Bhd (KAB) has secured a contract worth RM33.3 million from Pengerang LNG (TWO) Sdn Bhd, a subsidiary of Petronas Gas Bhd. The contract is for the supply of utilities expansion and infrastructure enhancement for the transformation of 137,000m³ of liquefied natural gas carriers into a floating storage unit (FSU).

The scope of work includes engineering, procurement, construction, and commissioning (EPCC) for utility supply at the Regasification Terminal Pengerang. KAB is expected to complete the project by the end of 2024.