Platts to include Pengerang Terminals 2 Sdn Bhd in Singapore gasoline, gasoil and jet fuel/kerosene MOC from March 20

Platts, part of S&P Global Energy, will include Pengerang Terminals 2 Sdn Bhd (PT2SB) as a loading point in the Singapore Market on Close assessment process for gasoline, gasoil and jet fuel/kerosene from March 20.

Sellers in the MOC process will be able to nominate PT2SB as a loading point for gasoline, gasoil and jet fuel/kerosene cargoes traded on a FOB Straits basis. Delivery of oil from PT2SB will be subject to the performance and nomination requirements prevailing in the FOB Straits markets.

Platts first proposed the inclusion of the terminal as a loading point in the Singapore MOC process for gasoline, gasoil and jet fuel/kerosene in a subscriber note published Jan. 23 .

Located at Pengerang in Malaysia's southern Johor state, the terminal is owned and operated by Pengerang Terminals 2 Sdn Bhd. PT2SB is a joint venture between PRPC Utilities and Facilities Sdn. Bhd., a subsidiary of PETRONAS (40%), Dialog Equity (Two) Sdn Bhd (25%), Vopak Terminal Pengerang BV (25%) and Johor state-owned Permodalan Darul Ta'zim Sdn Bhd (10%). The terminal has a petroleum capacity of 1.5 million cu m across 29 tanks. It has 11 berths, of which five are petroleum berths. Petroleum berths 6201, 6202, 6207 and 6208 have a maximum vessel draft of 23.6 meters. Berth 6201 is able to accommodate up to 325,000 dwt vessel size with a maximum length overall (LOA) of 350 m.

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 Asia Pacific and Middle East Refined Oil Products Specifications Guide.

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