Petronas’s floating LNG facility to be completed by late 2015

Dateline 2014-04-08, The Sun:

Petroliam Nasional Bhd’s (Petronas) floating liquefied natural gas (PFLNG 1) facility – the first in the world – being constructed at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea, is scheduled to be completed in the fourth quarter of 2015.

In a press statement yesterday, Petronas said PFLNG1, also dubbed PFLNG Satu, will be moored in Malaysia’s Kanowit gas field, 180km offshore Sarawak, set to produce 1.2 million tonnes of LNG every year.

“It will play a significant role in Petronas’s efforts to unlock the gas reserves in Malaysia’s remote and stranded fields currently deemed uneconomical to develop and evacuate and will help meet the growing demand for gas,” it said.

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