OSLO (Nov 22): Entered into a long-term agreement for a terminal and storage for LPG volumes in Port Klang, Malaysia, according to statement.

* GPS will build a new facility to execute this agreement with startup of operations planned for mid-2021

* Equinor will bring LPG to the terminal and sell into the domestic market in Malaysia as well as selling volumes to markets like Bangladesh, the Philippines, India, Indonesia and Vietnam

* To source LPG from the North Sea, North Africa, the Middle East and Australia

* As part of the agreement, Equinor will have an option to acquire an ownership share of the new storage and terminal, where Equinor will be the only user