Petronas benefits from its takeover of Shell’s 50% interest in the MLNG Dua

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) will benefit from its takeover of Shell’s 50% interest in the MLNG Dua liquefied natural gas (LNG) plant as the deal will enable the national oil and gas producer to better match domestic gas production with regional LNG demand, BMI Research says.

“With Petronas and its subsidiaries now becoming the operator of the project, we see this development as a positive for the firm as it will allow it to consolidate its operations in Sarawak and aid its efforts in developing the region as a gas hub,” BMI Research, a global financial information services company, said.