Petronas—made for the sea

Petronas's new floating LNG platform is up and running—and hopes to take a slice of the burgeoning maritime-fuel market

Malaysia's state-owned Petronas is pursuing maritime and other new markets for its liquefied natural gas after substantially boosting capacity with the commissioning of its first floating facility in April. Hardly had the first cargo been loaded from the platform located above the Kanowit field in offshore Bintulu, Sarawak, than the group signed an arrangement with the Gas4Sea consortium to push LNG as a marine fuel for the fast-developing gas-powered shipping fleet. "Petronas is looking at ways to further promote the consumption of LNG beyond the existing markets and advocating it as a marine fuel as a new frontier," says the group's LNG chief executive, Ezhar Yazid Jaafar. The Malaysian fi