AsiaOffshore

Petronas to delay construction of second FLNG

Photo of Sam Chambers Sam ChambersMarch 1, 2016
19 Less than a minute

Malaysian state-owned energy giant Petronas , which revealed yesterday its 2015 net profit had halved, has decided to shelve commissioning of its second FLNG.

The construction of PFLNG 2 will be delayed as Petronas seeks to make cuts in capex of between $4bn to $5bn a year.

The keel-laying ceremony for PFLNG 2 has only just taken place at South Korea’s Samsung Heavy Industries. The facility was originally earmarked for 2018 delivery to work offshore in Sabah.

Tags
Photo of Sam Chambers Sam ChambersMarch 1, 2016
19 Less than a minute
Photo of Sam Chambers

Sam Chambers

Starting out with the Informa Group in 2000 in Hong Kong, Sam Chambers became editor of Maritime Asia magazine as well as East Asia Editor for the world’s oldest newspaper, Lloyd’s List. In 2005 he pursued a freelance career and wrote for a variety of titles including taking on the role of Asia Editor at Seatrade magazine and China correspondent for Supply Chain Asia. His work has also appeared in The Economist, The New York Times, The Sunday Times and The International Herald Tribune.
Back to top button