Malaysia’s Petronas says 2021 LNG sales slightly down, Bintulu complex hits milestone

Malaysia’s Petronas has reached a milestone at its giant Bintulu liquefaction complex, while it reported a slight drop in its 2021 liquefied natural gas (LNG) sales.

Total LNG sales during January-December dropped 1 percent to 32.74 million tonnes when compared to 33.12 million tonnes in 2020.

Petronas said gross LNG sales volume was marginally lower by 0.38 million tonnes following lower demand due to emergence of a new Covid-19 variant that dampens the economic recovery.

As per the fourth quarter, LNG sales dropped to 8.13 million tonnes from 8.84 million tonnes in the same quarter last year but they rose from 7.52 million tonnes in the prior quarter.

In March last year, Petronas shipped the first cargo from its second floating LNG producer located in the Rotan gas field, offshore Sabah.

The 1.5 mtpa PFLNG Dua adds to the 1.2 mtpa PFLNG Satu located offshore Sabah as well. Besides these two FLNGs, Petronas also plans to build a third unit and it has awarded two front-end engineering design (FEED) contracts for the nearshore FLNG project in Sabah.

Bintulu LNG shipped 12,000 cargoes

Malaysia LNG, a unit of Petronas, operates the giant 30 mtpa Bintulu LNG export facility in Sarawak.

According to Petronas, the facility has shipped 12,000 LNG cargoes since it started operations back in 1983.

The plant consists of nine trains and supplies key demand centers such as Japan, South Korea, China, and Taiwan.

Profit, revenue up

Looking at overall results, Petronas reported profit of 48.6 billion ringgit ($11.5 billion) for 2021, versus a loss of 21 billion ringgit in the year before.

Revenue rose to 248 billion ringgit when compared to 178.7 billion ringgit supported by surging commodity prices, the company said.

Most Popular

YPF, Shell seal Argentina LNG deal

YPF president and CEO Horacio Marin, and Shell's executive VP of LNG, Cederic Cremers,signed the deal in The Hague,...

Brazil’s Eneva launches small liquefaction plant

According to a statement by Eneva on December 17, the small liquefaction unit started commercial operations following commissioning and...

Chevron and Woodside in Australian LNG asset swap deal

The two firms announced the deal in separate statements on Thursday. Under the proposed transaction, Chevron Australia will transfer to...

More News Like This

YPF, Shell seal Argentina LNG deal

YPF president and CEO Horacio Marin, and Shell's executive VP of LNG, Cederic Cremers,signed the deal in The Hague,...

Adnoc, Petronas pen Ruwais LNG supply deal

According to Adnoc, the SPA converts the previous heads of agreement between the two firms into a definitive agreement. Under...

Inpex to buy stake in Malaysian block

Inpex said on Monday it had executed a deal with Seascape Energy to acquire 100 percent of the shares...

Petronas, CNPC strengthen LNG ties

Malaysia's Petronas and China National Petroleum Corporation (CNPC) signed a memorandum of understanding (MoU) to strengthen collaboration in various...