Malaysia’s Petronas has taken the final investment decision for its Floation Liquefied Natural Gas (FLNG) facility.
The decision was announced yesterday at the World Gas Conference 2012 in Kuala Lumpur, Malaysia.
With first gas production from the facility scheduled for 2015, Petronas aims to be the first company in the world to bring an FLNG facility to the market. Tha facility will be moored offshore Malaysia, with a capacity of 1.2 million mt/year.
To remind, Shell’s Prelude FLNG in Australia, which will be the largest offshore facility in the world, is expected to come on stream in 2017.
Petronas’s Executive Vice President Gas and Power Business, Datuk Anuar Ahmad said that production from the project is targeted mainly for the domestic market, Bernama reports.
The front-end engineering and design contract for the facility was last year awarded to French Technip, in a consortium with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd
[mappress] Offshore Energy Today Staff, June 5, 2012