SUBSCRIBER NOTE: Dialog renames oil product terminals at Malaysia's Tanjung Langsat

Malaysia's Dialog Terminals has informed S&P Global Platts that the names of the two oil product terminals it wholly owns at Tanjung Langsat have been changed effective May 8, 2019. Both terminals are loading points reflected in the Singapore Market on Close assessment process for gasoline, jet fuel, gasoil and high sulfur fuel oil.

Dialog Terminals Langsat (1) Sdn Bhd (DTL1), formerly known as Langsat Terminal (One) Sdn Bhd (LgT-1), has a storage capacity of 476,000 cu m.

Dialog Terminals Langsat (2) Sdn Bhd (DTL2), previously known as Langsat Terminal (Two) Sdn Bhd (LgT-2), has a storage capacity of 171,000 cu m.

Puma Energy has sold its 20% stake in both terminals in Malaysia's southern Johor state to Dialog in June 2018. Prior to this, MISC Bhd sold its 45% stake in Centralised Terminals Sdn Bhd, which owned 80% of LgT-1 and LgT-2, to Dialog Group in September 2017 and CTSB was renamed as Dialog Terminals Sdn Bhd. There are no changes to the terminals' capacities following the changes in ownership.

Platts uses the Singapore MOC process to assess the value of oil across Asia and the Middle East. The benchmark FOB Singapore price assessments reflect FOB Straits bids, offers and trades, wherein the seller may nominate cargoes for loadings from approved terminals in Singapore and Malaysia.

The list of Straits terminals reflected in the FOB Singapore MOC process is published in the methodology and specification guide "Asia Pacific And Middle East Refined Oil Products" at https://www.platts.com/methodology-specifications/oil.

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