Big LNG boost for Malaysia


PETALING JAYA: Malaysia and its national oil company Petroliam Nasional Bhd (Petronas) are expected to benefit from the recent spike in the price of gas.

The Asian liquefied natural gas (LNG) spot price has been rallying over the past two months and soared more than 18 times to a record high of US$32.50 per million British thermal units (mmBtu) from the April 2020 low of US$2.40 due to the unusually cold winter in North Asia and Europe, as well as unexpected supply issues.

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Petronas , LNG , Shan Saeed , lower cost , lower emission

   

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