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
Also in this section
29 April 2026
Trafigura’s $1b prepayment agreement confirms African resource holders’ renewed interest in oil-backed financing deals as they look to capitalise on high oil prices
29 April 2026
The UAE’s departure from the oil producers’ group was a surprise to many, but the move can be traced back to a single point five years ago
28 April 2026
Oil traders warning of $200/bl oil are wrong, and the market should be wary of proclamations that the impact of the oil shortage has only begun to be felt and a that a ‘harsh adjustment’ is coming—even for industrialised nations
28 April 2026
Restoring supply from Saudi Arabia, the UAE, Kuwait, Qatar, Bahrain and Iraq involves complexities far beyond simply adjusting operational controls
