Under the agreement, approximately 4,000 km of subsea natural gas pipeline, extending from Malaysia to South Korea, will be constructed.
DOSB will build a 2,500 km section of pipeline running from offshore Pahang, Malaysia to north Vietnam.
Meanwhile, Asia Consortium Engineering Petroleum and Gas will be responsible for the construction of the remaining 1,500 km pipeline section, linking China to the South Korean coast.
“We hope to finalise the financial requirements soon as discussions with investors from countries like South Korea, China, Indonesia and Japan are progressing well,” said DOSB President and Chief Executive Officer Shaharuddin Abdul Manan.
Article continues below…The project is expected to take five years to complete, with commissioning planned for late 2015.
