Thailand’s PTT plans to invest more in Malaysia

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.

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JX Nippon Oil, Petronas team on Malaysian LNG venture

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.
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PFLNG Satu sails to Malaysia

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.

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Petronas to expand LNG complex, says report

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.

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IEM Shout Out – Pre AGM Talk on “Overview of the Liquefied Natural Gas (LNG) Industry in Malaysia

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.

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LNG plants unsuitable for Sabah, says Musa

August 9, 2015

Dateline 2015-07-06, TMI:

Liquefied Natural Gas (LNG) plants are unsuitable for Sabah, says Chief Minister Datuk Seri Musa Aman.

“Clearly, Sabah does not produce as much LNG as Sarawak, which has more of it and less oil.

“So an LNG plant in Sabah, such as the one operated by Petronas Bintulu, is not suitable. Sabah in any case has more oil than LNG,” Musa (pic, right) told the Sabah state assembly today.

He was replying to a question by Mohamad Alamin (BN-Bongawan), on why LNG plants were not being built in Sabah, during the First Supplementary Supply Bill 2015 debate.
Musa, who is also Sabah finance minister, said the LNG produced in Sabah would be channelled via the Sabah Oil and Gas Terminal in Kimanis through the Sabah-Sarawak Gas Pipeline to Bintulu’s LNG plant.

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Petronas to keep focus on ‘cool and sexy’ gas business

August 6, 2015

I guess ‘cool’ because of refrigeration units, and ‘sexy’ because of the strippers? And why isn’t a ‘Malaysian’ publication not using  Dato’ and spelling Yiaw wrong?

Dateline 2015-06-14, FMT:

Petronas will remain focused on the “cool and sexy” natural gas business for the long-term, said its executive vice-president Wee Yeow (sic) Hin.

“Demand for LNG will always be there and it is expected to triple by 2035, from 210 million tonnes in 2010 to 500 million tonnes in 2030 and reaching 600 million tonnes in 2035,” he said in an interview with Bernama.

He said there were about 30 LNG supply projects globally at present and the number was expected to double to 60 projects by 2030.

“This year there are about 36 countries importing LNG and by 2030 it is expected to grow to 50 countries.

“Japan, Korea and Taiwan will remain as large and important markets but the biggest volume growth would come from India, China and Asean,” he said.

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LNG’s adverse impact on Petronas and Malaysia

June 20, 2015

Dateline 2015-05-18, The Star:

The earnings of state-owned Petroliam Nasional Bhd (Petronas) and the country’s current account are expected to come under pressure in the next few months due to the steep drop in the average price of spot liquefied natural gas (LNG).

LNG prices track crude oil prices and have more than halved, with the average spot price down as of April to US$7.60 mmbtu (million British thermal units)since oil prices started their downward descent last July.

LNG makes up two-thirds of Petronas’ total oil and gas production, and with contract agreements up for renewal, analysts pointed out that earnings would be hit.

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Malaysian LNG imports unlikely to falter

February 24, 2015

Delay in rise of industrial gas prices? Ah, shucks.

Dateline 2015-01-15, Interfaxenergy:

A decision by Malaysia’s government to postpone a plan to increase gas prices for the country’s industrial sector is unlikely to reduce LNG imports to the Malaysian peninsula. Instead, imports of the fuel could exceed expectations – as long as low prices and tepid demand for spot cargoes in Asia persist.

Malaysian Prime Minister Najib Razak outlined a revised national budget for 2015 on Tuesday that included delaying the price increases. The measure was introduced as part of an initiative to scale back subsidies for gas to encourage further investment in new supplies and promote greater efficiency.

Raising the gas prices for industrial buyers would also help pass through the higher price of LNG, which Malaysia started importing on a spot and short-term basis in 2013, when it received 1.5 mt at the Malacca terminal.

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Malaysia starts to liberalise domestic gas market

February 12, 2015

Dateline 2014-11-26, Natural Gas Daily:

Already an established force in the LNG export market, Malaysia has started to turn some of its attention inward as it attempts to reform its domestic gas sector by increasing supply competition and phasing out regulated pricing.

State-owned Petronas has been the dominant player in Malaysia’s upstream and downstream sectors for nearly 40 years, but the government is working on amendments to the Gas Supply Act that would allow third-party access to Peninsular Malaysia’s supply infrastructure – including its new LNG terminals.

In addition, the government is planning to phase out regulated gas pricing, eventually leading to fully market-based prices that it hopes will encourage further investment in new supplies and promote greater efficiency.

Both issues are part of Malaysia’s broader ambition to liberalise its domestic gas market, which the government believes is critical to the country’s long-term energy and economic security – despite its ample gas reserves.

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