LNG

Eni seeks to launch its gas joint venture with Petronas in 2026 to develop gas fields in Malaysia and Indonesia with a view to becoming a regional LNG player. Petronas brings the Bintulu LNG complex and FLNG assets in Malaysia, while Eni seeks to channel upstream gas production into its JV partner’s expanding LNG supply chains.

Asian buyers are returning to the market despite elevated regional LNG prices due to the partial outage of Inpex-operated Ichthys LNG in Australia and Malaysia’s Bintulu LNG. At least one Japanese utility secured a prompt delivery in end-September – at a premium to JKM prices – to fulfil power requirements created by a warm summer and autumn so far.

Technip Energies, the French-listed energy and LNG engineering company, said it was awarded a contract by a unit of Thailand’s national energy company for a gas plant near the Malaysian LNG export facilities at Bintulu in the state of Sarawak.

Dec 3 (LNGJ) - JGC Holdings Corp., the Japanese energy and LNG projects engineer, said it was awarded a front-end engineering and design (FEED) contract, along with consortium partner Samsung Heavy Industries of South Korea, for a nearshore floating LNG facility in Malaysia for national oil and gas company Petronas.

   Petronas had launched a FEED competition for the FLNG project with a minimum production capacity of 2 million tonnes per annum using feed gas supplied via an existing pipeline from an offshore gas field in the Malaysian state of Sabah. “Upon completion of the FEED competition, the engineering, procurement and construction contract will be awarded by Petronas, subject to a final investment decision, to the successful contractor,” said JGC.

Oct 21 (LNGJ) - LNG producer Petronas said it was starting an LNG truck-loading business to supply off-grid customers in Peninsular Malaysia. The truck-loading was scheduled to begin in the second half of 2020 at the Pengerang regasification terminal in Johor with four loading lanes. The Pengrang terminal has 5 million tonnes per annum of capacity and Petronas also operates a regas facility at Sungai Udang Island in Malacca with capacity to handle around 3.8 MTPA.

   Petronas produces LNG at its Bintulu plant and FLNG facilities and the truck-loading is aimed at broadening the small-scale market in Malaysia. “Petronas will take pride in offering alternative access to natural gas as the fuel of choice through its new LNG trucking business,” said the company.

Global commodities companies are continuing to increase their volumes of liquefied natural gas trading volumes from international oil and gas companies and state-owned energy firms.

Malaysian energy company Petronas has started commercial gas-up and cool-down services for the global LNG carrier fleet from its liquefaction plant at Bintulu port in Sarawak in competition to other ports such as Singapore.