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    Bernama: Petronas To Stay Focused On 'Cool And Sexy' LNG Business

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Summary

Petronas will remain focused on liquefied natural gas (LNG) business for the long-term and is committed to maintain its leadership in the global LNG arena.

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Bernama: Petronas To Stay Focused On 'Cool And Sexy' LNG Business

Petronas will remain focused on liquefied natural gas (LNG) business for the long-term and is committed to maintain its leadership in the global LNG arena despite the dramatic plunge in oil prices since the middle of last year.

Petronas Executive Vice-President and Chief Executive Officer of Upstream, Datuk Wee Yeow Hin, described LNG as a "cool and sexy" industry with consistent demand.

"Demand for LNG will always be there and it is expected to triple by 2035, from 210 million tonnes in 2010 to 500 million tonnes in 2030 and reaching 600 million tonnes in 2035," he told Bernama.

He said presently, there are about 30 LNG supply projects globally and this was expected to double to 60 projects by 2030. MORE

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