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

Another FSRU arrives in Egypt

The 160,000-cbm FSRU Energos Eskimo has arrived in Egypt from Jordan, according to shipping data. The unit is one of four FSRUs that will serve a charter deal with Egypt's EGAS as the country seeks to meet its growing demand for natural gas.

Venture Global’s Plaquemines LNG to commission third jetty

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce hazardous fluids to the third jetty at its Plaquemines LNG export plant in Louisiana.

MOL’s LNG carrier to feature SOFC tech

Japan's MOL and South Korea's Samsung Heavy Industries have received approval from classification society LR for the design of a 174,000-cbm LNG carrier integrating solid oxide fuel fell (SOFC) technology.

More News Like This

Eni launches production at Indonesian gas field

Italy's Eni has started gas production from the Merakes East field, in the Kutei basin, offshore Indonesia, which will supply both the domestic market and Pertamina’s Bontang LNG facility in East Kalimantan.

Wison scores Suriname FLNG gig

China’s Wison New Energies has signed a detailed feasibility study deal for a newbuild floating liquefied natural gas (FLNG) facility in Suriname's offshore Block 52.

Malaysia LNG in Bintulu CCU move

Malaysia LNG, a unit of Petronas and the operator of the giant Bintulu LNG export plant, has signed a memorandum of understanding with Houston-based HYCO1 to work on a carbon capture and utilization project in Bintulu.

Petronas delivers first LNG cargo to PetroVietnam Gas

Malaysian energy giant Petronas has delivered the first liquefied natural gas (LNG) cargo to PetroVietnam Gas, a unit of state-owned PetroVietnam.