Will Malaysia Emerge as the New Qatar of LNG?

November 16, 2014

Dateline 2014-08-26, The Marine Executive:

Wood Mackenzie asserts that by 2020, Malaysia has the potential to be the largest supplier of flexible LNG to the global market, larger even than Qatar. The supply capacity of Malaysia’s Petronas is growing through new capacity additions in eastern Malaysia as well as Canada, offtake agreements with other suppliers and projects such as GLNG in Australia. Its supply potential could grow by over 55 percent, from 27 million tons per annum (mmtpa) in 2013 to 42 mmtpa in 2022. Some of this new capacity is committed to buyers, but some is not. In addition, some of its existing commitments to buyers will expire over the next 10 years.

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Bigger role for natural gas, says Petronas VP

July 19, 2014

Considering the price of natural gas used to generate electricity will based on the market price by January 2016, then yeah.

Dateline 2014-05-27, Daily Express:

Natural gas will play a central role in meeting the world’s increasing energy demand in the coming decades, said Mohamad Johari Dasri, Vice President, Production Malaysia, Petronas Carigali Sdn Bhd.

He said one possibility of trading natural gas is in the form of liquefied natural gas (LNG) which is currently representing almost 30 per cent of the imported natural gas worldwide.

In his keynote address titled “The Oil and Gas Industry in the Next Five Years”, he said the global energy map is changing, with potentially far-reaching consequences for energy markets and trade.

It is being redrawn by the resurgence in oil and gas production in the United States and could be further reshaped by a retreat from nuclear power in some countries, continued rapid growth in the use of wind and solar technologies and by the global spread of unconventional gas production, he said.

He said taking all new developments and policies into account, global demand has surged nearly 30 per cent to 88 million b/d (all liquids) since 1995 and expected to expand by around 12 per cent and to make up around 30 per cent of the world energy mix by 2020, according to EIA reference scenario.

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Malaysia’s LNG exports rise to 8-month high

January 26, 2014

Dateline 2014-01-09, Business Times:

Malaysia’s liquefied natural gas exports rose 8.3 per cent in November to the highest level since March as prices dropped, according to data from the Statistics Department.

Petroliam Nasional Bhd, the state-owned oil and gas producer known as Petronas, shipped almost 2.3 million metric tonnes of LNG, the data show. That’s up from 2.1 million in October.

Kuala Lumpur-based Petronas received RM5.46 billion for November exports. That’s about US$14.10 per million British thermal units. The price was US$14.26 in October.

Malaysia was the world’s second-largest exporter of LNG in 2012 with output of 23.7 million metric tonnes, according to the industry-funded International Group of Liquefied Natural Gas Importers.

 

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Petronas Gas boosted by robust regasification segment

December 29, 2013

Dateline 2013-11-02, Borneo Post:

Petronas Gas Bhd (Petronas Gas) saw a boost in its earnings driven by the recognition of deferred tax assets arising from an investment tax allowance granted for its liquefied natural gas  (LNG) regasification terminal in Melaka.

In addition, the company is expected to be the biggest beneficiary of rising gas demand as the additional gas volume will pass through its Peninsular Gas Utilisation (PGU) pipeline.

Analyst June Ng from HwangDBS Vickers Research Sdn Bhd (HwangDBS Research) said that the earnings boost from Melaka regasification plant was driven by higher gas transportation revenue and contribution.

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Petronas sends tanker to pick up Nigeria LNG

October 12, 2013

Wonder when LNG will get off my radar? And I guess I better treat Nigerians better than I usually do.

Dateline 2013-08-26:

Petroliam Nasional Bhd (Petronas), Malaysia’s state-owned oil and gas producer, is sending the Seri Bijaksana to load a spot cargo of liquefied natural gas in Nigeria, a company official said.

The shipment was sold last week as part of Nigeria LNG Ltd’s tender to sell two September-loading cargoes, according to the official, who asked not to be named because he isn’t authorized to speak to the media.

The tanker, which has a capacity of about 153,000 cubic meters, will arrive tomorrow at Nigeria LNG’s Bonny Island terminal, according to ship transmissions captured by IHS Fairplay on Bloomberg. Deliveries from Nigeria LNG, Africa’s biggest exporter of the fuel, resumed July 26 after the company lifted a force majeure.

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Malaysia’s LNG exports decline to lowest

August 10, 2013

Dateline 2013-07-28:

Malaysia’s liquefied natural gas exports fell to the lowest level in 10 months in May, according to data from the Statistics Department.

Petroliam Nasional Bhd, the state-owned oil and gas producer, shipped 1.89 million metric tonnes of the supercooled fuel, the data show. That’s down about 0.1 per cent from April and is the smallest volume since July last year.

Petronas, as the Kuala Lumpur-based company is known, was paid RM4.33 billion, or about US$13.71 per million British thermal units (Btu), for the exports. It received US$13.11 per million Btu in April.

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Malaysia’s Melaka LNG terminal receives Nigerian commissioning cargo

May 17, 2013

From Platts, 2013-05-03:

Malaysian state-owned Petronas’ LNG terminal at Melaka received its first commissioning cargo onboard the Seri Bijaksana, which arrived and docked at the regasification terminal’s jetty on April 30, Platts vessel tracking data cTrack showed Friday.

The Seri Bijaksana, which is 152,900 cubic meters in size, is owned by MISC Berhad, a subsidiary of Petronas, and was carrying a cargo from Nigeria to the Asia Pacific. Ship tracking data showed that it was diverted when it was halfway through the Strait of Malacca, making a 90-degree left turn to the terminal before arriving on April 30.

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Malaysia’s Petronas delays startup of Melaka LNG import terminal to Q2 2013

December 14, 2012

Let’s call this reality converging with optimism.

Dateline 2012-11-26:

Commercial startup of the Melaka LNG terminal — Malaysia’s first LNG import facility — has been pushed back for the second time to the April-June quarter of 2013, according to a statement from Petronas Gas, a subsidiary of state-run Petronas.

There will be no material effect on Petronas Gas’ earnings and net assets for the financial year ending December 31, 2012, arising from the later commencement of operations at the LNG regasification terminal, Petronas Gas said Friday in a statement to Bursa Malaysia.

Petronas Gas did not give a reason for the delay and Petronas officials were not available for comment Tuesday.

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Linde awarded major contract for LNG plant by PETRONAS in Malaysia

December 9, 2012

Dateline 2012-11-26:

The technology company The Linde Group has received an order for a mid-scale liquefied natural gas (LNG) plant from Malaysia LNG Sdn. Bhd., a production subsidi­ary of Malaysia’s national oil and gas company PETRONAS. The new boil-off gas re-liquefaction facility has a maximum design capacity of 1,840 tons of LNG per day and will be located in the Bintulu LNG complex in Sarawak, East Malaysia.

Professor Dr Aldo Belloni, member of the Executive Board of Linde AG, said: “This is the latest in a series of mid-scale LNG projects for Linde with particularly demanding technical features. We came off as winners in a highly competitive bidding process, reaffirming our design and engineering expertise and cost competitiveness in the growing natural gas liquefaction market.”

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Delay in operations of Petronas’ regasification terminal in Malacca

November 20, 2012

Inside gossip says that the original schedule was unrealistic anyway, so I guess the ‘delay’ is of interest to those who aren’t into reading inside-baseball analysis.

Dateline 2012-10-30:

 The commercialisation of Petronas Gas Bhd‘s liquefied natural gas (LNG) regasification terminal (RGT) in Sungai Udang, Malacca may be postponed to early next year due to the delay in engineering, procurement and construction (EPC) .

“We gather from various industry sources including the contractors that the RGT could be operational by end-Jan 2013 instead of end-2012.

“This is a one-month delay versus Petronas Gas’s guidance of end-2012 and a five-month delay from the initial start date of Aug 2012.

“We believe that the delays are not due to Malaysia’s regulatory reforms but the result of EPC challenges,” CIMB Research said.

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