Petronas completes 2nd LNG break bulking STS transfer

UOB Kay Hian Research analyst Kong Ho Meng said while there have not been any large tenders awarded by Petroliam Nasional Bhd (Petronas), it expected contracts to be rolled out from next year. In Malaysia, he said, about 11% or about 35 of the over 300 platforms have been operating for over 40 years, and more than 200 wells have already been identified to be plugged and abandoned.

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas), through its subsidiary Petronas LNG Ltd (PLL), has strengthened its position as a liquefied natural gas (LNG) solutions provider through the completion of the second LNG break bulking ship-to-ship (STS) transfer in Brunei Bay.

Petronas vice-president LNG marketing and trading Ahmad Adly Alias said the STS will be for delivery to China.