Malaysia’s LNG exports rise to 8-month high


Dateline 2014-01-09, Business Times:

Malaysia’s liquefied natural gas exports rose 8.3 per cent in November to the highest level since March as prices dropped, according to data from the Statistics Department.

Petroliam Nasional Bhd, the state-owned oil and gas producer known as Petronas, shipped almost 2.3 million metric tonnes of LNG, the data show. That’s up from 2.1 million in October.

Kuala Lumpur-based Petronas received RM5.46 billion for November exports. That’s about US$14.10 per million British thermal units. The price was US$14.26 in October.

Malaysia was the world’s second-largest exporter of LNG in 2012 with output of 23.7 million metric tonnes, according to the industry-funded International Group of Liquefied Natural Gas Importers.

 

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