Petronas logs decline in LNG sales, profit climbs

Bintulu LNG (Image courtesy of Petronas)

Malaysia’s Petronas reported a decline in its quarterly liquefied natural gas (LNG) sales as its total earnings and profit rose on higher prices.

The energy company’s revenue for the third quarter was 63.9 billion ringgit ($15.2 billion), up by 19 percent from the corresponding period in 2017. Profit after tax rose by 43 percent to 14.3 billion ringgit, Petronas said on Tuesday.

Total LNG sales for the third quarter stood at 6.31 million tonnes, down 0.91 million tonnes when compared to the same quarter last year.

Petronas attributed the decline to lower volumes from its Bintulu LNG complex in Malaysia and the Santos-operated GLNG project in Australia.

LNG sales in the first nine months of this year declined by 1.11 million tonnes to total 20.79 million tonnes, Petronas said.

 

LNG World News Staff

 

Share this article

Follow LNG World News

Posted on November 27, 2018 with tags .

Events>

<< Apr 2019 >>
MTWTFSS
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 1 2 3 4 5

Downstream 2019

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

read more >

Central and Eastern Europe SSLNG Forum

SSLNG projects are important for Central and Eastern Europe (CEE) because they offer opportunities for solving issues…

read more >

Klaipeda LNG Forum 2019

Klaipėda LNG forum 2019 organised by Klaipėda Science and Technology Park, Klaipėdos nafta and Embassy of the Netherlands will take place on the 15-16 May at Klaipėda Castle’s site hall, Lithuania.

read more >

Flame 2019

Flame is Europe’s largest gathering of midstream gas & LNG players, bringing together everyone who matters – from producers to utilities, purchasers, infrastructure providers, traders, regulators and policy makers.

 

More info

read more >