Petronas to Boost LNG Output

Petronas is planning to invest close to $5 billion in the next five years to boost LNG output.

Malaysia LNG Group of Companies (MLNG), a subsidiary of Petronas, would implement more than 10 capital projects in Bintulu within the next five years, managing director and chief executive officer of MLNG Zakaria Kasah said, Borneo Post reported.

“One of the projects is the Train 9 project, which is a new LNG processing plant with a capacity of 3.6 million tonnes per annum (MTPA). This new processing train will be able to increase Petronas LNG Complex (PLC) production capacity to 29.3 MTPA by 2016 from 25.7 MPTA currently,” Kasah said.

He added that rise in LNG output will also boost state’s revenue as the demand of LNG is on the rise.

The 276-hectare PLC currently produces 25.7 million tonnes of LNG per year and contributing to some 40.5 per cent to Sarawak’s gross export, 6 per cent to Malaysia’s total export and 4.2 per cent to the national Gross Domestic Product (GDP), Borneo Post said.