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Petronas confirms PFLNG2 suspension

Malaysia's Petronas has confirmed the suspension of its second floating liquefied natural gas development (PFLNG2) project amid low revenues and profits caused by a depressed oil price environment and net impairment on assets.

Unaffected: Petronas’ first FLNG vessel PFLNG1, pictured, is not thought to be affected by expected cutbacks but the second, PFLNG2, faces suspension
Unaffected: Petronas’ first FLNG vessel PFLNG1, pictured, is not thought to be affected by expected cutbacks but the second, PFLNG2, faces suspension
  • Anamaria Deduleasa
Published 29 February 2016, 12:53Updated 18 October 2016, 04:57