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 t…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Transport & Logistics
UPS profit beats estimates as cost cuts offset weak delivery demand
General Motors beats quarterly results targets, raises forecast
‘Heavy congestion’ in South-east Asia transhipment ports prompts feeder operators to levy surcharge
Renault Q1 sales rise 1.8%, helped by financing business
Honda to build major EV plant in Canada
Elon Musk’s robotaxi dreams plunge Tesla into chaos