Malaysian LNG exports slide in July

Malaysian LNG exports slide in July
Image courtesy of Petronas

Liquefied natural gas exports from Malaysia have been reportedly hampered by a supply cut due to a gas leak in the Kimanis-Bintulu pipeline transporting natural gas to the Petronas’ LNG complex in Bintulu. 

The issue occurred in January and has been fixed since, however, the Malaysian energy and LNG giant is still waiting for the authorities to permit the operation resumption, Reuters reports citing sources.

The company’s spokesperson told Reuters that despite the supply cut the LNG cargo deliveries from the 24-mtpa complex resumed on schedule.

However, the LNG export figures during the month of July showed a decline to 1.5 million tons, the lowest since July 2014, the report said. Petronas was pushed to purchase replacement cargoes in order to deliver the contracted volumes to its customers, it said.

While Malaysia’s exports declined, demand for liquefied natural gas in Japan bumped up on the back of rising heat.

LNG revenue accounted for 3.5 percent of Malaysia’s total exports in June coming in at 2.7 billion Malaysian ringgit ($663 million), some 31 percent below the figures in the corresponding month last year.

 

LNG World News Staff

Share this article

Follow LNG World News

Events>

<< Dec 2018 >>
MTWTFSS
26 27 28 29 30 1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
31 1 2 3 4 5 6

Downstream 2019

Renowned as the most significant global meeting place for Downstream professionals…

read more >

Cryogenic Storage Tanks – International Conference

The main conference topics are current international tank standards, safety concepts, tank design criteria…

read more >

The International Gas Cooperation Summit (IGCS)

The Summit will put the objectives of South Africa and the region at the forefront of international gas development…

read more >

Global LNG Forum 2019

Global LNG Forum is your opportunity to see what the future of LNG will be like…

read more >