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Petronas seen delaying LNG final investment decision

Development of Kasawari field derailed after oil-linked LNG spot cargo prices in Asia fall by more than half

Sources expect Petronas to look at ramping up output from existing fields off East Malaysia or tapping field developments operated by third parties in the area.


PETRONAS is set to postpone a final investment decision (FID) on a second field development in Block SK 316 off Sarawak, amid uncertainty over any recovery in oil-linked liquefied natural gas prices.

An FID on the Kasawari gas field development that was postponed from...

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