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>

<< Feb 2019 >>
MTWTFSS
28 29 30 31 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 1 2 3

Downstream 2019

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

read more >

2nd CWC Japan LNG & Gas Summit

The highly successful CWC Japan LNG & Gas Summit returns for a second year from 19-20 February 2019 in Tokyo, Japan…

read more >

Global LNG Forum 2019

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

read more >

LNG2019

LNG2019 is presented by the IGU, GTI and IIR, supported by the Shanghai Government and hosted by China LNG Association, China Gas Society, The Chinese Association of Refrigeration and China Gas Association.

read more >