Pengerang integrated petroleum complex

Any thoughts on Pengerang integrated petroleum complex?

Said to be the biggest project Malaysia has undertaken in terms of scale and size.

http://www.establishmentpost.com/malaysias-pengerang-part-greater-singapore/

nusajaya2020 said:

Any thoughts on Pengerang integrated petroleum complex?

Said to be the biggest project Malaysia has undertaken in terms of scale and size.

http://www.establishmentpost.com/malaysias-pengerang-part-greater-singapore/

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With 60,000 population of RAPID construction staff till 2019, including executive/mgt level, we can expect housing demand boom in that area.

Basically we're fucked! Wanna fight business with Singapore. Vopak and trafigura got a share there too..

The Sleeping Tiger above has been sleeping since Independence. If they know what they has to do back then, Singapore will be like East Timor now.

mrsepsep said:

Basically we're fucked! Wanna fight business with Singapore. Vopak and trafigura got a share there too..

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mrsepsep said:

Basically we're fucked! Wanna fight business with Singapore. Vopak and trafigura got a share there too..

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It takes decades for Jurong Island and Tuas petrochemical industry to reach its state today. These plants require highly skilled labour and integration to achieve competitiveness. MNCs still prefer Singapore (note the recent investments). It could be another 20 years at least before it poses a serious threat (that roughly coincides with Jurong Island and Tuas running out of land). The greatest challenge Johor has for Singapore now is in ports/transshipment.

On a more positive light, we can see it as Singapore reached saturation and it's time to expand to a mega economic region including Johor to target a total population of 12 mil. I am sure the region can accommodate both jurong and pengerang.

FHBH12 said:

It takes decades for Jurong Island and Tuas petrochemical industry to reach its state today. These plants require highly skilled labour and integration to achieve competitiveness. MNCs still prefer Singapore (note the recent investments). It could be another 20 years at least before it poses a serious threat (that roughly coincides with Jurong Island and Tuas running out of land). The greatest challenge Johor has for Singapore now is in ports/transshipment.

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Johore is in no hurry to compete with Singapore. It is taking its time to build up slowly as Petronas has its refineries in Melaka and various upstream and downstream establishments up north. The impact of the Kra shipping canal in Southern Thailand is definitely going to be a game changer. I would think Petronas is rethinking its strategies as oil prices fall and a weak Ringgit. Already it is calling off its LNG project in Canada to consolidate its home base. No one is going to put in hard strapped money into a future project just to compete with others.

Funniman said:

Johore is in no hurry to compete with Singapore. It is taking its time to build up slowly as Petronas has its refineries in Melaka and various upstream and downstream establishments up north. The impact of the Kra shipping canal in Southern Thailand is definitely going to be a game changer. I would think Petronas is rethinking its strategies as oil prices fall and a weak Ringgit. Already it is calling off its LNG project in Canada to consolidate its home base. No one is going to put in hard strapped money into a future project just to compete with others.

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Yup, PETRONAS had already announced cutting back capital expenditure by a massive 15 to 20% due to the declining oil price.
The PIPC building programme may not be proceeding as schedule. Also, with the declining of the RM, construction cost will balloon and will be much more costly to finance!
That projected 60,000 new workers may have to start work a bit later.

Thanks all for sharing your views.

Funniman said:

Johore is in no hurry to compete with Singapore. It is taking its time to build up slowly as Petronas has its refineries in Melaka and various upstream and downstream establishments up north. The impact of the Kra shipping canal in Southern Thailand is definitely going to be a game changer. I would think Petronas is rethinking its strategies as oil prices fall and a weak Ringgit. Already it is calling off its LNG project in Canada to consolidate its home base. No one is going to put in hard strapped money into a future project just to compete with others.

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The construction of Kra Isthmus Canal and Arctic shipping route will be real threats in about 15-20 years' time.

FHBH12 said:

The construction of Kra Isthmus Canal and Arctic shipping route will be real threats in about 15-20 years' time.

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When MY build the Tg Pelepas and Pasir Gudang port in JB, it was thought that it will be a threat to PSA. But it didn't really happen.
When MY spent billions to build the Port Klang Free Zone (PKFZ), it was also thought that it will be a threat to PSA. But it didn't really happen.
SG had already successfully established itself as the regional hub and unless someone is to build another similar sized deep water port with a strategic location and run it as efficiently, PSA will be hard to overtake.
The Kra Isthmus Canal was meant to cut short the shipping time by a day for east/west route, bypassing the Malacca Straits .
Its mainly for ships travelling directly from port in the east to the Indian Ocean and beyond and vice versa eg. Japan, Korea, China to Europe, Africa.
SG status as the regional hub will not be threaten by the yet to be build Canal at least for another generation.