Gas Malaysia Berhad has signed a joint development agreement (JDA) with Tokyo Gas Co., Ltd. and VTTI B.V. to develop a liquefied natural gas (LNG) regasification terminal in Yan, Kedah.
In a Bursa Malaysia filing, the company said the project has an estimated development cost of RM72 million, with Gas Malaysia holding a 70% stake worth about RM49.8 million.
The partnership combines technical, operational, and infrastructure expertise across the LNG value chain to improve project execution, commercial readiness, and long-term viability.
The agreement also sets out a governance framework for the development phase, leading towards a final investment decision after all technical, commercial, regulatory, and financial assessments are completed.
The project is expected to enhance Malaysia’s energy security by diversifying LNG import infrastructure and reducing reliance on existing entry points in Peninsular Malaysia, while supporting industrial and power sector demand in the northern region.
It is also seen as part of Gas Malaysia Berhad’s strategy to tap long-term growth opportunities under Malaysia’s evolving energy transition agenda.
