Petronas has announced that it reached the Final Investment Decision (FID) for its second floating liquefied natural gas (FLNG) facility project, the PFLNG2, located offshore Sabah, Malaysia.
The FID was approved by the Petronas Board on 23rd January 2014.
The company has also issued a letter of award for the Engineering, Procurement, Construction, Installation, Commissioning (EPCIC) contract to a consortium of JGC Corporation and Samsung Heavy Industries.
The EPCIC contract award followed the 2012 dual Front End Engineering Design (FEED) study for the project undertaken by two consortia – the first between Modec, CB&I and Toyo Engineering and the second between JGC Corporation and Samsung Heavy Industries.
The awards of these two contracts mark a significant milestone in the progress of the PFLNG 2 project. The facility will be moored at the Rotan gas field in deep water Block H, offshore Sabah and is designed to produce 1.5 million tpa of LNG. It is scheduled to be ready for start-up by early 2018.
Change the LNG landscape
Once operational, both PFLNG1 and PFLNG2 are expected to change the landscape of the LNG business where the liquefaction, production and offloading processes of LNG will now be able to be carried out offshore, closer to the gas fields.
The two facilities will play a significant role in Petronas’ efforts to unlock the gas reserves in Malaysia’s remote and stranded fields.
Adapted from press release by Katie Woodward
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/13022014/fid_decision_on_malaysian_flng_161/