Subscribe
Petronas in Game for a Third FLNG Unit
Malaysian oil and gas company Petroliam Nasional Berhad
(Petronas) would build a third floating liquefied natural gas
(FLNG)unit if there's a demand.
Petronas is the only company to own and operate two FLNGs, namely
PFLNG Satu and PFLNG Dua.
Bernama reported, quoting the gas and new energy business
executive vice-president and chief executive officer Adnan Zainal
Abidin, that if there is a reservoir with a sizeable amount of
reserves and with the right gas composition that it is
economically viable, it opens up a case for another floater.
According to the Bernama report, while the first two FLNGs are
Malaysia-bound, the third one might be deployed elsewhere, with
the company looking at options such as Mexico, Brazil, and West
Africa.
"The FLNG vessel can also be built near shore (to extract LNG
from an onshore reservoir) especially in politically sensitive
countries. In case there is a need to move out, you can have the
plant moved away, " he said in the report.
The third FLNG by Petronas would also be cheaper as the company
has now amassed substantial experience with building the first
two units.
He reminded that his company has over 40 years of experience in
LNG business and was involved in the FLNG designing, construction
and operations.
"Whenever we find gas we have the option to monetise it. So, this
gives us a new play to remain relevant in the LNG market," he
said.
More importantly, the environmental footprint of an FLNG vessel
is much lesser as compared with onshore facilities.
Dec 2, 2019
