National oil and gas corporation Petronas' proposed RM10bil liquefied natural gas (LNG) processing module, at the Petronas LNG Complex in Bintulu, will produce an additional 3.6 million tonnes of LNG per annum.
Petronas Carigali Sarawak operation head Mohd Nazori Janor said the company was aggressively pursuing the Floating LNG Project, known as Petronas LNG Train 9, offshore Sarawak.
“Petronas will spend about RM300bil over five years (2012-2017) on enhanced oil recovery as well as brown, small and marginal field development in Malaysia to sustain production level and increase resource base and generate jobs and business opportunities in the oil and gas sector,” he said in a statement.
Upon completion, the Train 9 project will include gas receiving facilities, acid gas removal unit, dehydration and mercury removal unit, fractionation and liquefaction unit, LNG rundown unit and all the associated utilities and facilities.
The project is targeted to meet its final investment decision by the first quarter of next year with start-up targeted for the fourth quarter of 2015.
At present, the Petronas LNG Complex, which receives its gas supply from upstream facilities offshore Sarawak, has an existing capacity to produce 24 tonnes of LNG per annum.
Apart from Petronas' presence in Sarawak, including the success in doing business that was built upon its solid reputation, Mohd Nazori said its presence would grow even more rapidly in the coming years with the development of the RM60bil Refinery and Petrochemical Integrated Development project in Johor.“Petronas is also paying high gas subsidies to help fuel industrial growth in Malaysia,” he said, adding that gas subsidy to be borne by Petronas this year was expected to increase to RM28bil from RM23.7bil last year. - Bernama