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

Venture Global to introduce gas to tenth Plaquemines liquefaction block

US LNG exporter Venture Global LNG has received approval from the US FERC to introduce natural gas to the tenth liquefaction block at the Plaquemines LNG terminal in Louisiana as part of the plant’s commissioning process.

Eni: third phase of YPF’s Argentina LNG project requires $20 billion investment

The third phase of YPF's Argentina LNG export project would require an investment of about $20 billion, according to Eni’s COO of global natural resources, Guido Brusco.

Kimmeridge’s Commonwealth LNG seeks expedited approval from FERC

Kimmeridge's Commonwealth LNG is seeking expedited final approval from the US FERC as it looks to make a final investment decision on its planned LNG export plant in Louisiana later this year.

More News Like This

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.

Petronas to supply LNG to PetroVietnam Gas

Malaysian energy giant Petronas will supply liquefied natural gas (LNG) to PetroVietnam Gas, a unit of state-owned PetroVietnam, next month. The two firms will also look into the possibility of signing long-term LNG contracts.