Petronas' FLNG Facility to be Complete by End 2015

Petronas floating liquefied natural gas (PFLNG 1) facility is expected to be complete by fourth quarter of 2015, according to a company statement released Monday.

On April 5, the company launched the hull of PFLNG 1 facility at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea.

The PFLNG1 vessel, also known as PFLNG SATU, will be moored in Malaysia’s Kanowit gas field, 180 kilometres offshore Sarawak and will produce 1.2 million tonnes of LNG per year.

“It will play a significant role in Petronas’ efforts to unlock the gas reserves in Malaysia's remote and stranded fields currently deemed uneconomical to develop and evacuate and will help meet the growing demand for gas,” the company said.

According to Petronas, PFLNG 1 is also expected to change the landscape of the LNG business where the liquefaction, production, storage and offloading processes of LNG, previously only possible at onshore plants, will now be able to be carried out hundreds of kilometres away from land and closer to the offshore gas fields.

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