Malaysia’s floating LNG vessel stops LNG production ahead of relocation

Dateline 2019-03-11, S&P Global:

Malaysia’s floating LNG export vessel PFLNG Satu has stopped producing LNG in preparation for a relocation exercise, national oil company Petronas confirmed in a statement late Friday.”However, as of today, it still remains at the Kanowit gas field, offshore Bintulu, Sarawak. An announcement on this will be made in due course,” Petronas added.
The production halt will have negligible impact on the spot market as the plant’s LNG output has been well below its full capacity, with few cargoes being offered on the market since it started operations, according to a Singapore-based LNG trader.

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