Monday 8 May 2017

Petronas says second floating LNG facility to be operational in 2020


Petroliam Nasional Bhd said its second floating liquefied natural gas (LNG) facility will be operational in 2020.

Petronas loaded its first cargo from the Petronas Floating LNG (PFLNG) 1 in east Malaysia last month, becoming the first company to produce LNG from a floating production unit.

The second one that is under construction, PFLNG 2, will enable liquefaction, production and offloading of natural gas in the Rotan field, 240 kilometers off the east Malaysian state of Sabah upon completion. It is set to have a processing capacity of 1.5 million tonnes per annum (mtpa).

Adnan Zainal Abidin, Petronas' acting vice president LNG assets, development and production, said development of the second facility was on track and that the company has received interest from other industry players for using both the facilities.

"We are in discussions with a number of third parties who are interested to have our floaters at their locations," Adnan told reporters ahead of the Asia Oil and Gas Conference in Kuala Lumpur. "It could be the use of existing or new floaters."

Adnan said the costs of the second facility will be lower than the first floater, though he declined to disclose the cost of the development.