Sarawak Government snaps stake in Petronas’ Bintulu LNG Train 9

Sarawak Government snaps stake in Petronas’ Bintulu LNG Train 9
Aerial view of Train 9 (Image courtesy of Petronas)

The Sarawak State Government signed a term sheet with the state-run Petronas securing participation in the ninth liquefaction train at the company’s Bintulu LNG complex. 

With a production capacity of 3.6 million tons per annum (MTPA), Train 9 started its commercial operations in January 2017, boosting the total output capacity of the Petronas LNG Complex to 30 MTPA.

At the same event, a memorandum of understanding for a logistics collaboration between Petronas Chemicals Marketing Labuan (PCML) and Hubline Berhad was also signed, enabling Hubline Berhad to join PCML’s panel of transporters for petrochemical products, Petronas said in a statement.

Reuters reports the term sheet is for a 10 percent stake.

Shareholders in Train 9 are, Petronas with a 70 percent stake, with Japan’s JX Nippon Oil & Energy and PTT Global LNG Holding and Sarawak State Government with 10 percent stakes each.

Share this article

Follow LNG World News

Events>

<< Mar 2020 >>
MTWTFSS
24 25 26 27 28 29 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

Flame 2020

Flame is Europe’s largest and most influential meeting place for the global gas industry.

read more >

4th PNG Petroleum & Energy Summit

The CWC Group, in partnership with Kumul Petroleum Holdings Ltd.

read more >

FSRU World Congress 2020

FSRU World Congress 2020 will therefore focus on further Commercialising FSRUs through LNG-to-Power…

read more >

CWC World LNG & Gas Series: 12th Asia Pacific Summit

The 2020 Summit will offer an unrivaled programme covering relevant and significant discussion topics…

read more >