Petronas fires FLNG start gun

Rival: Shell's Prelude LNG floater

SHELL

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News Wires

, Upstream Staff

 04 June 2012 12:27 GMT

Malaysia's state oil company Petronas is aiming to bring online the world’s first floating liquefied natural gas facility, ahead of Ango-Dutch giant Shell, after its chief executive publicly sanctioned the project on Monday.

The 1 million tonne-per-annum FLNG vessel will be used to develop the Kanowit discovery off Sarawak, with France’s Technip and South Korea’s Daewoo Shipbuilding & Marine Engineering already awarded a $2 billion contract to build the facility.

The project is set for start-up in 2015, while Shell’s giant Prelude LNG floater that was approved last year is not set to come online until two years later.

Publicly launching the project, chief executive Shamsul Azhar Abbas told a gas industry gathering in Kuala Lumpur that the FLNG facility would enable Petronas to…

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