Malaysia adds second FLNG to monetise stranded gas from deepwater

February 24, 2020

Dateline 2019-12-20, Riviera:

In November, Petronas held a naming ceremony for its second floating LNG facility, PFLNG Dua, at South Korean shipyard Samsung Heavy Industries (SHI). When it is commissioned in 2020 the FLNG will have the capability to liquefy gas extracted from deepwater reservoirs in depths of up to 1,500 m.

The Malaysian energy company calls PFLNG Dua “bigger and better” than 365-m PFLNG Satu, its first FLNG, which achieved its first LNG cargo on 1 April 2017 and which is moored some 180 km offshore Bintulu in Sarawak, Malaysia. PFLNG Dua will have the capability to produce 1.5 mta of LNG, with a storage capacity of 177,000 m3. By comparison, PFLNG Satu has a capacity to produce 1.2 mta of LNG.

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Cover Story: A taxing uncertainty

February 23, 2020

‘Diplomatic discussions…’ What, we have a Federal ambassador in Sarawak?

Dateline 2019-12-20, The Edge:

THE past year would have been one of redemption of sorts for the Malaysian oil and gas (O&G) industry. There are more upstream activities and players are making up for lost time after prices started to stabilise following the severe downturn that began in 2015.

But just weeks before the year ends, one issue is threatening to put a dent in the sector’s business prospects in the country’s top oil-and-gas producing state, Sarawak.

Last month, what started off as diplomatic discussions over Sarawak’s share of oil revenue, under the broader Malaysian Agreement 1963, escalated into a lawsuit by the state government, which is claiming billions of ringgit in unpaid sales tax from national oil corporation, Petroliam Nasional Bhd (Petronas).

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Thailand calls off long-term LNG import plan with Malaysia’s Petronas

February 22, 2020

Dateline 2019-12-21, Hellenic Shipping:

Thailand has called off a plan for its state-run power producer to import up to 1.5 million tonnes of liquefied natural gas (LNG) per annum from Malaysia’s Petronas, a Thai official said on Friday.

Thailand’s National Energy Policy Council (NEPC) changed its mind this week on a decision in 2017 to have the state-run Electricity Generating Authority of Thailand (EGAT) import up to 1.5 million tonnes of LNG annually.

That in effect cancelled EGAT’s plan to sign a long-term contract with Malaysia’s state oil and gas company Petronas , which won a bid in June this year to supply the LNG to the Thai utility, an EGAT official told Reuters on Friday.

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Sarawak plans Borneo Power Grid

February 21, 2020

Dateline 2019-12-20, Daily Express:

Federal government is seeking to increase Malaysia’s target of renewable energy generation to 20 per cent in the next six years to improve on the energy trilemma of security, reliability and affordability.

Regionally, Asean has set out to make 23 per cent of its primary energy renewable by 2025, compared to 9.4 per cent in 2014, five years ago, in tandem with global megatrends in population growth, urbanisation and striving for green energy and transport.

There is also an Asean power grid being mooted and Sarawak has also embarked on power generation projects in Myanmar and soon possibly in other Indochina countries. North Kalimantan has hydropower potential sites with total capacity close to 12,000MW.

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Cover Story: Why the 20% royalty for oil and gas-producing states is not a commercially viable proposal

February 20, 2020

Deadline 2020-12-19, The Edge:

THE 20% royalty or higher revenue share has for some time been the point of contention between the federal government and the oil-producing states, notably Sabah and Sarawak — which they claim they are entitled to under the Malaysia Agreement 1963 — and, to a lesser extent, Terengganu and Kelantan (which has yet to be recognised by the federal government as an oil and gas-producing state).

The federal government is of the view that the right revenue-sharing formula is clearly stated in the Petroleum Development Act (PDA), which was passed by parliament in 1974, and prior to that, it got the agreement of all states, including Sabah and Sarawak.

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Yinson’s FPSO Helang achieve first gas

February 19, 2020

Dateline 2019-12-18, NST:

 Yinson Holdings Bhd’s latest floating production, storage and offloading (FPSO) vessel – FPSO Helang, has successfully completed performance testing, and charter rates commenced on 6 December 2019.

The Yinson team achieved timely delivery of first oil production 19 months after signing the contract for delivery of the FPSO facility with client JX Nippon Oil & Gas Exploration (Malaysia) Ltd (JX Nippon).

Yinson group chairman Lim Han Weng said the achievement was made possible through the great teamwork between the Yinson team, client and subcontractors.

“I would like to thank JX Nippon and Petronas for the opportunity to undertake this project.

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Malaysia PM: Petronas could be sold to pay down debt

February 18, 2020

Dateline 2019-12-17, The Chemical Engineer:

STAKES in state-energy firm Petronas could be sold to Malaysia’s oil-producing states to raise money for the Government, Prime Minister Mahathir bin Mohamad has told Reuters.

“What we need is to reduce our involvement, the number of shares that we hold, in order to raise some funds for ourselves,” he said. National debt is more RM1trn (US$240bn) according to figures released by the country’s finance ministry in September; while Petronas is estimated to have contributed around 20% of Government revenue in 2019.

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Repsol giving back to the community

February 17, 2020

Dateline 2019-12-16, Daily Express:

Giving back to the local community has been Repsol Oil and Gas Malaysia Limited’s passion in addition to focusing on upstream sector of oil and gas in the country.“While we are focused on our business growth in Malaysia, we are equally passionate about giving back to the local community in which we operate,” said Government and Community Relations Advisor for Sabah/Labuan, Datuk Eddie Abdullah. He said they take their responsibilities as good corporate citizen seriously and actively organise programmes and activities that promote change and elevate the wellbeing of the local communities with government agencies and non-governmental organisations across Malaysia.

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Sarawak to introduce licencing requirement for gas distribution in January

February 16, 2020

Dateline 2019-12-17, Malay Mail:

Sarawak is imposing a condition requiring any gas distribution activities carried out in the state could only be done with a licence issued by the state’s Ministry of Utilities.

The ministry said this requirement would take effect from Jan 1 next year when the regulations under the Distribution of Gas Ordinance 2016 came into full force.

“Applicants should note that they are required to have a valid licence issued under the ordinance to carry out the gas distribution activities in Sarawak even though they may have permits or licences by any other government agencies,” it said in a statement today.

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Sarawak CM’s office rubbishes claim by DAP on Petronas stake

February 15, 2020

How do you officially rubbish something? Do you issue a memo?

Dateline 2019-12-16, FMT:

The chief minister’s office today said the purchase of stakes in Petronas is not among the issues discussed by the steering committee on Malaysia Agreement 1963 (MA63).

It said details concerning oil and gas are only deliberated in special discussions between the prime minister and the Sarawak and Sabah chief ministers.

The office rubbished a claim by Sarawak DAP chairman Chong Chieng Jen that Chief Minister Abang Johari Openg had agreed in principle to purchase a stake in Petronas during an MA63 steering committee meeting.

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