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At the same time, however, these developments should not be viewed in isolation.
When it becomes fully operational, this terminal will receive, handle, and export gas and oil produced in offshore fields in Sabah.
Expanding Petroleum Storage and Trading Although Malaysia already has oil storage terminals at Tanjung Bin, Tanjung Langsat, and Pasir Gudang, it plans to treble capacity by 2017 in order to meet the expected growth in demand, mainly from China and India but also from the rest of Southeast Asia.
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The major foreign operators include ExxonMobil, Shell, Murphy Oil, Hess, and Talisman Energy while the small- to medium-sized operators include JX Nippon, Lundin, and Newfield.
The field is being operated by Malaysia-based company Vestigo Petroleum, a subsidiary of PETRONAS Carigali.