Malaysia to be LNG Import Free by 2016

Malaysia will be LNG import free country by 2016 once the Bintulu FLNG plant is operational at full capacity, a Petronas senior official said, reports Bernama.

"Once the Bintulu plant is operational, we can use the capacity from the plant to replace imported LNG," Ezhar Yazid Jaafar, general manager at Petronas said.

Petronas is supplying over 50 per cent of the domestic gas-based energy generation and is expected to rise to 57 per cent next year, totalling between 1,250 and 1,300 million standard cubic feet per day (mmscfd).

Yazid said the country's non-dependency on imported LNG would reduce the risk of global LNG price volatility, reports Bernama.

According to Yazid, Petronas is also aiming to maintain Malaysia's position as the world's top three LNG player by 2020.

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