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Malaysia's Petronas Sells 20.61 Mil MT Of LNG During Apr-Dec 2011
=Its steady production contributed to an increase in sales by 8% from a year ago
According to Malaysia's Petronas, the company increased its sales of LNG during April-December 2011 by 7.9% to 20,610,000 MT from the same period of the previous year. The LNG production at Petronas LNG Complex, a LNG production plant in Bintulu, Malaysia, with production capacity of total 22.7 million tons per year by eight trains, reached a record high of 18.9 million MT, which boosted its sales.

The sales consist of 18.2 million MT from Petronas LNG Complex, up 5.8% from a year ago, 1.4 million MT from Egyptian LNG Project, in which Petronas has its interest, down 12.5%, and 1 million MT sold by its subsidiary Petronas LNG Limited, up 233.3%.

Of these, LNG cargoes sold from the LNG complex were exported to Japan, South Korea, Taiwan and China, etc. on long term contract basis. Looking at its exports share by region, about 10.19 million MT was exported to Japan, which accounts for 56% of the total, about 2.91 million MT to South Korea, 16%, 2.73 million MT to Taiwan, 15%, about 1.09 million MT to China, 6%, etc.

In February, Petronas ordered front-end engineering design (FEED) from a consortium of Chiyoda Corporation of Japan and Saipem S.p.A. of Italy to newly construct train 9, LNG production facility, with capacity of 3.6 million tpy. Meanwhile, Petronas also placed an order for the same FEED work with JGC Corporation of Japan in March. Under the dual FEED scheme, the two groups are competing with each other. The FEED is scheduled to be completed by the end of 2012. The final investment decision (FID) is expected to be reached in the first quarter of 2013 and the production start is slated for the fourth quarter of 2015.

On the other hand, Petronas is working on the construction of the country's first LNG import terminal, capable of receiving 3.8 million tons per year of LNG, in Melaka, Malaysia. It plans to place the terminal into service around August 2012. It is expected that LNG will be supplied to the terminal from Australia's coal seam gas (CSG) to liquefied natural gas (LNG) project "GLNG", in which Petronas has participated.
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last modified : Fri 16 Mar, 2012 [10:27]
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