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Petronas starts building a 2 Mt/year FLNG vessel for an LNG project off Malaysia

The Malaysian national oil and gas company Petronas has announced the start of the construction of a 2 Mt/year (2.7 bcm/year) floating LNG (FLNG) export vessel that will be moored at the Sipitang Oil and Gas Industrial Park (SOGIP) in the state of Sabah on the northern portion of Borneo (Malaysia). The steel cutting marked the beginning of the construction of the so-called ZLNG project worth MYR 8.8bn (US$2bn). Commissioning is expected in the second half of 2027.

In December 2021, Petronas selected a JGC Corporation-Samsung Heavy Industries consortium as well as Saipem for two front end engineering design (FEED) contracts related to the project. In April 2022, Petronas signed a Memorandum of Understanding (MoU) with Sabah Oil & Gas Development Corporation (SOGDC) to build the nearshore LNG export plant. 

Petronas already operates the 1.2 Mt/year PFLNG Satu floating LNG facility, commissioned in 2017, which processes natural gas from the Kanowit gas field off the Sarawak coast. The company also inaugurated a second 1.5 Mt/year PFLNG facility, named Dua, moored near the Rotan offshore gas field and commissioned in 2020.

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