Petronas Names its First FLNG Facility

​Petronas’s first FLNG facility officially received its name on 4 March 2016.

The PFLNG SATU was named at a ceremony held by Petronas, together with its strategic partners Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) and Technip, at the DSME shipyard in Okpo, South Korea.

Petronas’ President and Group CEO, Datuk Wan Zulkiflee Wan Ariffin said that the floating LNG facility signified a breakthrough achievement not only for the company but also for Malaysia. 

The Malaysian firm stated the floating LNG facility is a significant achievement and a game changer in the global LNG business as it paves the way for opportunities to monetise gas resources from remote, marginal and stranded fields, which would otherwise be uneconomical to develop via conventional means.  

The PFLNG SATU will be moored at Malaysia’s Kanowit gas field, 180 kilometres offshore Sarawak and has the capacity to produce 1.2 million tonnes of LNG per year. It will play a significant role in unlocking the gas reserves in Malaysia's remote and stranded fields

The PFLNG SATU is expected to be ready in the second quarter of 2016.