Malaysia’s Petronas delays startup of Melaka LNG import terminal to Q2 2013


Let’s call this reality converging with optimism.

Dateline 2012-11-26:

Commercial startup of the Melaka LNG terminal — Malaysia’s first LNG import facility — has been pushed back for the second time to the April-June quarter of 2013, according to a statement from Petronas Gas, a subsidiary of state-run Petronas.

There will be no material effect on Petronas Gas’ earnings and net assets for the financial year ending December 31, 2012, arising from the later commencement of operations at the LNG regasification terminal, Petronas Gas said Friday in a statement to Bursa Malaysia.

Petronas Gas did not give a reason for the delay and Petronas officials were not available for comment Tuesday.

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This entry was posted on Friday, December 14th, 2012 at 6:00 am and is filed under business opportunity, Malaysia, oil and gas. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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