Malaysian state oil company Petronas is reviewing its second floating liquefied natural gas development (PFLNG2) and is now in talks that could see the project suspended for at least two years.
A Petronas spokesperson said this week that construction work for PFLNG2 was “in progress,” but multiple sources told Upstream they were expecting to see it halted. The operator has been holding intense negotiations with the engineering, procurement, construction and installation contracting consortium comprising Samsung Heavy Industries and Japan’s JGC about penalties for suspending or even cancelling fabrication work, the sources said.
They
