Petronas announces FID on nearshore LNG facility in Sabah
State-owned Petronas has reached the final investment decision for a nearshore LNG facility in Sabah, Bernama reported on December 27.
Petronas had last year awarded two front-end engineering design (Feed) contracts to a JGC Corporation-Samsung Heavy Industries consortium and to Saipem for the project.
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The project, with a minimum capacity of 2mn metric tons/year, is a first of its kind in Malaysia, the company said last year.
Upon completion, the nearshore LNG plant will increase Petronas’ LNG production from floating LNG facilities from 2.7mn mt/yr to 4.7mn mt/yr. At present, the company operates two floating LNG facilities, the PFLNG Satu and PFLNG Dua, at the Kebabangan and Rotan offshore gas fields respectively.