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    Petronas Could go for a Third FLNG Unit: Press

Summary

The company named its second FLNG unit last week.

by: Shardul Sharma

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Natural Gas & LNG News, Asia/Oceania, Liquified Natural Gas (LNG), Security of Supply, Corporate, Exploration & Production, Import/Export, Investments, News By Country, Malaysia

Petronas Could go for a Third FLNG Unit: Press

Malaysian state-run Petronas could go for its third floating LNG (FLNG) facility if there is a demand, Bernama reported December 2 citing a statement by a company official. At present, Petronas has two FLNG units, PFLNG Satu and PFLNG Dua.

"If there is a reservoir with a sizeable amount of reserves and with the right gas composition that it is economically viable, it opens up a case for another floater," said company’s gas and new energy business executive vice president and CEO Adnan Zainal Abidin.

He said that floating units were game changer in the LNG business with more companies seen coming on board with the idea. "Thus, we are hoping it will open up opportunities for us, not only in Malaysia but also overseas," he said. "Whenever we find gas, we have the option to monetise it. So, this gives us a new play to remain relevant in the LNG market.”

Last week, Petronas held the official naming ceremony of PFLNG Dua at the Samsung Heavy Industries Shipyard in Geoje Island, South Korea. Construction started in 2015 is progressing on schedule for completion and sail away in February 2020, Petronas said.