Petronas Expects its Floating LNG Facilities to Open More Opportunities

Petronas expects its floating LNG facilities to open more opportunities in global projects, Bernama reported Saturday citing company statement.

The company has already received enquiries from multinationals regarding its first floating LNG facility, the PFLNG1, which is expected to start operation in first next year, said company’s Global LNG Project, Upstream Vice President Adnan Zainal Abidin

Petronas has two FLNGs in the pipeline: the PFLNG1, costing more than $1 billion and scheduled to be ready by early 2016, and the PFLNG2, expected to be ready by 2018.

"Our focus now is on both floaters, which will be located offshore Malaysia. We are already receiving enquiries in fields operated by others. For us, our priority is to commission them successfully and to have the necessary track record," he told Bernama on the sidelines of the 26th World Gas Conference (WGC). "With those under our belt, the discussions can go further. It's still early but we have already had preliminary discussions. It is all about possibilities.”

With its floating LNG facilities in place, the company expects to monetise gas fields which previously were considered too small or stranded,