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

TotalEnergies and T&T join forces on LNG-to-power project in Vietnam

French energy giant TotalEnergies and Vietnamese conglomerate T&T have signed a memorandum of understanding to jointly develop the 1,500 MW Long Son LNG-to-power project in Vietnam.

Hanwha Ocean launches Singapore’s first FSRU

South Korean shipbuilder Hanwha Ocean has launched MOL’s floating storage and regasification unit (FSRU), which will serve Singapore’s second LNG import terminal.

Daniel Kalms leaves Woodside

Woodside's executive vice president and chief operating officer international, Daniel Kalms, is leaving the Australian LNG player.

More News Like This

K Line, Petronas name LNG carrier duo in China

Chinese shipbuilder Hudong-Zhonghua has hosted a naming ceremony for two 174,000-cbm liquefied natural gas (LNG) carriers it built for Japan’s K Line and Malaysia’s Petronas.

Malaysia’s Petronas boosts LNG sales in H1

Malaysian energy giant Petronas reported a rise in its liquefied natural gas (LNG) sales and net profit for the first half of this year compared to the same period last year.

Shell, partners take FID on new project to deliver more gas to Egypt

Egypt, which has turned to LNG imports over the last two years to cover domestic natural gas shortages, will receive more much-needed gas supplies after UK-based LNG giant Shell and its partners took a final investment decision on the Phase 12a development project in the West Delta Deep Marine (WDDM) concession.

Santos: GLNG to buy Meridian CSG project

Australian LNG player Santos and its GLNG joint venture partners have entered into binding agreements to purchase 100 percent of the Greater Meridian CSG project in Queensland for approximately $310 million.