May 31 (LNGJ) - Malaysian energy company Petronas said total LNG sales volumes for the first quarter were 8.45 million tonnes, slightly higher than the 7.92MT recorded in the same three months of 2018 because of higher volume from the onshore Bintulu LNG plant in Sarawak and higher trading activities. The group recorded revenues of 62.0 billion Malaysian ringgit ($14.79Bln) for the first quarter, an increase of 7 percent from the 2018 quarter.
First-quarter profit after tax came to 14.2Bln billion ringgit ($3.38Bln), a rise of 9 percent on the back of higher revenue. The Malaysian company said average gas volume sales were 2,962 million standard cubic feet per day, above the 2,806 million standard cubic feet per day reported in the same quarter last year, mainly due to higher demand from the power sector.
