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Malaysia Formally Shut Down Three Chinese Oil and Gas Pipeline Projects

The Malaysian online Chinese news site Seehua recently reported that the China Petroleum Pipeline Engineering Company (CPP) officially announced that it received notification from the Malaysia government that three Chinese oil and gas pipeline projects (MPP, TSGP and Petronas) were formally closed. CPP respected the Malaysian decision, which is based on economic and financial reasons, and the two parties will discuss fair and reasonable compensation arrangements. These three projects all completed only less than 15 percent of the work but most of the payments had been made to China. Some projects are still under investigation. The Malaysian Ministry of Finance paused two of the three projects in July. The new Malaysian administration had delivered on over 20 campaign promises (around 35 percent) in its first 100 days in power.

Source: Seehua, September 12, 2018