Höegh Evi and Petroleum Sarawak (PETROS) have agreed to jointly develop, own and operate a proposed liquefied natural gas import terminal in Kuching, Malaysia, with a target of first gas by the end of 2029, MarineLink reported on 1 October 2026.
The Kuching LNG Terminal will comprise a floating storage and regasification unit, commonly known as an FSRU, the report said. An FSRU combines LNG storage with on-board facilities to convert liquefied gas back to its gaseous state for delivery to shore.
The announcement sets a clear timetable for the project, with the end of 2029 named as the target for first gas. No further schedule milestones or a detailed construction timeline were included in the summary of the report.
MarineLink identified the two parties but did not set out financial arrangements or ownership proportions. The joint-develop, own and operate formulation indicates that both companies will have continuing responsibilities in the asset once it is delivered.
The report did not disclose technical specifications such as FSRU capacity, onshore interface arrangements or the precise mooring and connection solution to be used. Those details will be central to the terminal’s operational profile but were not part of the published summary.
Vessel and terminal scope
An FSRU is a floating vessel capable of both storing LNG and performing regasification, allowing it to act as an import terminal without the need for a permanent onshore liquefaction facility. The MarineLink summary made the FSRU itself the only explicitly named component of the planned terminal.
The rest of the terminal’s supporting infrastructure was not described in the report. That leaves open questions about onshore receiving facilities, pipeline tie-ins and the scale of shore-based works required to move gas into Kuching’s distribution networks.
Parties and partnership model
Höegh Evi was named in the report as the partner alongside PETROS, the state-owned Petroleum Sarawak. The brief description in MarineLink focused on the partnership for development, ownership and operation rather than on prior projects or corporate histories.
The choice of a joint ownership and operation arrangement typically spreads commercial and operational risk between partners, but the report did not outline how project risks, liabilities or responsibilities will be shared.
The MarineLink report supplied the core facts of the agreement and the target date but stopped short of a fuller project breakdown. There was no information on financing, procurement strategy, suppliers, or the timing and nature of regulatory approvals required in Malaysia.
The announcement anchors a clear delivery objective: first gas by the end of 2029. Absent additional public detail, the industry will be looking for subsequent disclosures that identify the planned FSRU specification, the route for delivering gas ashore and the regulatory milestones PETROS and Höegh Evi must meet before commissioning.
Further updates from the partners or regulatory authorities will be needed to clarify capacity, commercial terms and the sequence of construction and commissioning steps that will allow the project to meet its stated target date.
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