KUALA LUMPUR (Reuters) – Malaysian and Chinese firms signed deals on Thursday for potential investments worth 13.2 billion ringgit ($2.80 billion) for cooperation in sectors ranging from oil and gas to education, Malaysia’s commerce ministry said.
The agreements were concluded in connection with the visit of Chinese Prime Minister Li Qiang to the Southeast Asian country.
Malaysia’s Commerce Ministry said the signing it witnessed included a memorandum of understanding between Malaysia’s Genting Oil & Gas and its Indonesian unit PT Layar Nusantara, and China’s Wison Energies for the design and construction of an offshore floating liquefied natural gas plant. with a capacity of 1.2 million tons per year. in Indonesia.
Genting Sanyen Malaysia SB and SDIC Power Holdings will also develop and operate a 1,685-megawatt gas-fired power plant in Zhousan, China, the ministry said in a statement.
Further deals included cooperation in the banking and education sectors, the ministry said.
($1 = 4.7080 ringgit)