South Korean liquefied natural gas imports rose by 8.8 percent in June compared with a year ago as shipments arrived from main supplier Qatar and other nations, including Australia, the US, Oman, Indonesia and Malaysia, which delivered a cargo from its floating plant offshore Sarawak.

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Malaysian International Shipping Corp., whose liquefied natural gas fleet comprises 30 vessels among its 120 ships, posted lower first-quarter revenue and profits, though the outlook for the LNG sector was viewed by the company as positive.

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Petronas, the Malaysian energy company, has an LNG carrier in place to lift the first commercial cargo from the floating production plant, the “PFLNG Stu”, deployed over a natural gas field offshore Sarawak.

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Malaysia International Shipping Corp. is expanding and upgrading its liquefied natural gas carrier fleet, now numbering 26 ships, as state energy company Petronas extends its reach with overseas projects and a floating LNG plant in domestic waters.

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