September 17, 2017
Dateline 2017-08-15, Reuters:
Malaysian state energy company Petroliam Nasional Berhad [PETR.UL] expects the global liquefied natural gas (LNG) market to remain oversupplied until as late as 2023, its chief executive said on Tuesday.
Rising LNG production over the last two years, mainly from Australia and the United States, has exceeded demand and depressed prices. Asian spot LNG prices LNG-AS are now down by around 70 percent from early 2014.
Petronas, as the company is better known, only last month scrapped a proposed $29 billion LNG terminal project in western Canada, saying market conditions made the project “economically unviable”.
August 31, 2016
Done and done.
Dateline 2016-07-30, Reuters:
Malaysia’s state-owned state oil firm Petroliam Nasional Bhd said on Saturday that a fire occurred at its liquefied natural gas (LNG) plant in the East Malaysian state of Sarawak.
The fire broke out at 0140 GMT at a transformer in the Bintulu LNG complex and was extinguished, a company statement said.
August 19, 2016
Dateline 2016-07-13, Reuters Africa:
PTT Pcl, Thailand’s top energy firm, plans to invest more in neighbouring Malaysia including cooperation in a liquefied natural gas (LNG) project, Chief Financial Officer Wirat Uanarumit said on Wednesday.
State-controlled PTT is studying the possibility of joint investments in several projects, Wirat said but declined to give further details.
PTT has been in talks with several LNG suppliers to secure long-term energy supplies as Thailand uses natural gas for almost 70 percent of its power generation.
PTT already has a joint venture, Trans Thai-Malaysia (Thailand) Ltd, with Malaysia’s Petronas to overlook the gas pipeline and gas separation plant projects since 2000.
In June, PTT cut its 2016 investment budget by 15 percent to 43.31 billion baht ($1.23 billion), which is part of its five-year plan to spend 297 billion baht during 2016-2020.
July 1, 2016
Dateline 2016-06-03, Nikkei Asian Review:
JX Nippon Oil & Energy will work with Malaysian state-run oil company Petronas to tap the Southeast Asian market for liquefied natural gas, aiming to take advantage of rising demand fueled by economic growth.
The Japanese company will invest roughly 60 billion yen ($552 million) in the operator of an LNG plant to be built by Petronas in northern Borneo. The plant, to debut in 2017, will have an annual capacity of 3.6 million tons, equivalent to 10% of Malaysia’s LNG market.
The LNG will be sold through a Petronas subsidiary to local power companies as well as to gas companies in Japan, South Korea and Taiwan. JX Nippon Oil plans to team with Petronas to market to other Southeast Asian countries as well. The Japanese company hopes to earn more than 100 billion yen over the life of the contract, which runs until 2037.
June 10, 2016
Yes, I know it has arrived, thanks.
Dateline 2016-05-16, AOG:
PETRONAS’ first floating liquefied natural gas (FLNG) facility, PFLNG Satu has set sail to the Kanowit gas field, offshore Sarawak, making its 2120 nautical mile journey to Malaysia.
At 365m long and 132,000-tonne, PFLNG Satu was towed from the Daewoo Shipbuilding & Marine Engineering shipyard in Okpo, South Korea, for the offshore phase of the project.
Once moored at the Kanowit gas field, it will proceed with the installation, hook-up and commissioning of the facility.
PETRONAS’ advisor of global LNG project delivery and technology, Datuk Abdullah Karim said the sail away marked a significant milestone in PETRONAS’ bold decision to deliver a game changer in the global LNG business, as it paves the way for opportunities to monetize the greater availability of stranded gas reserves.
January 17, 2016
What the heck is Big P?
Dateline 2015-12-09, Borneo Post:
Petroliam Nasional Bhd (Petronas) has plans to raise sour gas output and expand capacity at its Bintulu liquefied natural gas (LNG) complex in Sarawak, according to Singapore’s The Business Times yesterday.
Business Times, quoting a Petronas executive as saying Petronas had developed gas fields with 35 per cent to 45 per cent carbon dioxide content and was looking to go beyond the 50 percent mark.
According to the report, Wood Group is said to have secured an engineering-studies contract involving the development concept for new Bintulu Integrated Gas Project.
“The Bintulu Integrated Gas Project Big P is understood to involve the construction of new onshore receiving facilities (ORF) in Sarawak as well as new onshore and offshore pipelines.
December 8, 2015
My technical division will be hosting a talk on the 12th December, 2015. It is worth 2 CPD points, and held at Wisma IEM. The talk will be presented by Ir. Ahmad Rafidi Mohayiddin. And please stay for the AGM.
Natural gas is one of the important fuels in the energy mix. Its popularity is due to its clean and efficient burning properties besides being friendly to the environment. Technological advancement in the last few decades has allowed this natural gas to be liquefied into smaller volume and transported over long distances to buyers. The world commercial trade of liquefied natural gas (LNG) started booming in the 1970’s. In Malaysia, LNG has been a significant export product of the country since the early 80’s.
The talk will provide an insight into LNG to those interested to understand what it is all about. An overview of the processes in the gas exploitation and processing into its liquid form and the infrastructures needed by the LNG sellers and the buyers will also be shared. In addition, the audience will be acquainted with the challenges facing the county’s LNG industry in the current low world oil price and the latest developments in the race to monetize stranded gas fields.
Ir. Ahmad Rafidi Mohayiddin is a registered Professional Engineer with the Board of Engineers, Malaysia and is the Chairman of the Oil, Gas and Mining Technical Division of IEM for session 2014/15. He graduated with a BSc. in Mechanical Engineering from Northwestern University, USA in 1994.
He has more than 20 years of work experience in the oil and gas industry. His main specialization is in the engineering design, engineering management and project management work for gas processing, gas liquefaction, gas transmission and gas metering facilities. His major projects include project management work at Gas Processing Plants 5&6 Project in Terengganu, Central Luconia E11 Platform Rejuvenation Project at offshore Sarawak, MLNG Dua Debottlenecking Project in Sarawak and the Sabah-Sarawak Gas Pipeline Project in East Malaysia. He is currently a Project Manager at one of the world’s largest liquefied natural gas (LNG) producers.
Register here, or download the form here.