KUALA LUMPUR: Bumi Armada Bhd
’s proposed venture with two Indonesian firms to develop floating liquefied natural gas (LNG) and carriers while engineering a carbon capture injection system for a gas field in Indonesia is positive and could generate a new source of income for the company.
However, contribution from the first LNG shipment would take several years to kick in, according to Hong Leong Investment Bank (HLIB) Research.
