A general view of the largely disused Pengerang Independent Deepwater Petroleum Terminal in Pengerang,...
A general view of the largely disused Pengerang Independent Deepwater Petroleum Terminal in Pengerang, in the southeastern tip of Johor, February 4, 2015. A collapse in oil prices is making it harder to attract investment in the next phases of a plan to build one of Asia's biggest energy hubs on Malaysia's southernmost tip, a development estimated to be worth over $50 billion. The Pengerang Integrated Petroleum Complex (PIPC) aims to help Malaysia compete with Singapore to become the region's top oil and petrochemicals hub, but the local government body coordinating the project said the environment was now clearly tougher. On the once-sleepy Pengerang peninsular in the southern Johor state, villages have been relocated to make way for storage tanks, refineries and terminals under the almost $30 billion first phase. Picture taken February 4, 2015. REUTERS/Edgar Su (MALAYSIA - Tags: BUSINESS COMMODITIES ENERGY CONSTRUCTION REAL ESTATE)