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.

- Advertisements -

Most Popular

Delfin plans to take FID on first floating LNG producer in Q2

Delfin Midstream, the developer of a floating LNG export project in the Gulf of Mexico, is expecting to take...

QatarEnergy and ExxonMobil update on Golden Pass LNG work

QatarEnergy and ExxonMobil continue to make progress in building their $10 billion Golden Pass LNG export plant on the...

ExxonMobil working on larger Rovuma LNG export project in Mozambique

US energy giant ExxonMobil has boosted the capacity of the planned Rovuma LNG onshore terminal in Mozambique and is...

More News Like This

GTT scores FLNG gig from Samsung Heavy

French LNG containment giant GTT has secured a contract from South Korean shipbuilder Samsung Heavy Industries to design the...

UK’s Dragon LNG terminal gets solar park

The UK's Dragon LNG terminal in Milford Haven will now meet a part of its electricity needs via a...

Malaysia’s Petronas reports higher 2022 LNG sales, profit

Malaysian energy giant Petronas reported a rise in its 2022 liquefied natural gas (LNG) sales, while its profit doubled...

Petronas, Tiger Gas complete first LNG bunkering op

Malaysia's energy giant Petronas said it had completed the first LNG bunkering operation with its Chinese partner Tiger Gas. With...