Petronas to be first to export LNG from floating production unit

Singapore

MALAYSIA'S Petronas is about to export the world's first liquefied natural gas (LNG) produced from a floating production unit, according to shipping data and people familiar with the matter, beating rivals such as Royal Dutch Shell in a race that has cost developers billions of dollars.

The Petronas Floating LNG Satu (PFLNG Satu), sitting off the coat of Bintulu on Malaysia's Borneo island, is loading LNG into the 144,000 cubic metre capacity LNG tanker Seri Camellia, according to trade sources and shipping data in Thomson Reuters Eikon. "Now, Satu is loading up a tanker, which will leave within the next day or two, making Satu the world's first LNG that was produced from a floating platform," one source close to the matter said, declining to be named due to the commercial sensitivity of the deal.