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MARKET • 08/06/2026 08:35 PM

Muhibbah Bags RM300 Mln LNG Regasification Terminal Contract In Lumut

KUALA LUMPUR, June 8 (Bernama) -- Muhibbah Engineering (M) Bhd has secured a RM300 million engineering, procurement, construction and commissioning (EPCC) contract from Lumut Maritime Terminal Sdn Bhd (LMTSB).

In a filing with Bursa Malaysia, the construction company said the contract is for the EPCC of LNG Regasification Terminal 3 (RGT3) marine structure and ancillary works, at Lumut Maritime Terminal 2 (LMT2) in Manjung, Perak.

Muhibbah said it received a letter of award from LMTSB on May 15, 2026, with the contract commencing in May 2026 and a completion date of July 1, 2028.

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“The contract is expected to contribute positively to the group's earnings and net assets during the contract period for the current and subsequent financial years,” it added.

-- BERNAMA

 

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