Malaysia’s’ Petronas said Friday that Japan’s JX Nippon Oil & Energy will buy a 10 percent stake in its unit that owns a liquefaction train within the Bintulu LNG complex in Sarawak.
Petronas LNG 9 Sdn Bhd (PL9SB) owns the ninth liquefaction train, with a production capacity of 3.6 million tonnes per annum, within the Petronas LNG complex in Bintulu, Malaysia.
The train is expected to commence commercial operations in the first quarter of 2017, according to a joint statement by the two companies.
JX NOE’s entry into PL9SB marks its second participation in Petronas’ LNG projects, in addition to its existing 10 percent equity interest in MLNG Tiga.
With the addition of the liquefaction plant owned by PL9SB, the Petronas LNG complex in Bintulu will now have the capacity to produce approximately 30 million tonnes per annum, the statement said.