Newsletters | Request Trial | Log in | Advertise | Digital Issue   |   Search
  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search
Related Articles
Southeast Asian NOCs take different paths
Petronas, PTT and Pertamina are pursuing divergent strategies after coming to dominate the region’s upstream in recent years
Petronas backs faster exploration
The Malaysian NOC will continue with oil and gas exploration despite the energy transition, says CEO Tengku Muhammad Taufik
TotalEnergies and Angola sign block 29 deal
The country’s offshore upstream remains a draw for IOCs even as they grow increasingly selective about their portfolios
Malaysia awards another offshore block to Shell
The major has been awarded another block by NOC Petronas, but government involvement remains vital
Jadestone advances Malaysian acquisitions
The Singapore-based firm is the latest independent to expand its upstream portfolio through the purchase of divested assets, this time in Malaysia
Malaysian indie Hibiscus eyes regional growth
The company’s expansion will not end with its recent acquisition of Repsol assets in Southeast Asia, says managing director Kenneth Pereira
Southeast Asian project plans scale back
Only developments with both low breakeven costs and favourable locations are likely to proceed for the foreseeable future
SE Asian NOCs find strength in numbers
A Petronas-Pertamina crude swap agreement was the latest instance of Southeast Asian NOCs teaming up to tackle shared energy security challenges
Ophir’s Fortuna FLNG finally bites the dust
Ophir Energy’s long-running efforts to fund the Equatorial Guinea project fail, as the company engages in takeover talks
Smaller FLNG vessels showing outsized potential
Transborders Energy is pioneering small-scale LNG development for markets looking to buy modest volumes
Petronas’ existing Satu FLNG plant
Petronas FLNG
Simon Ferrie
11 January 2023
Follow @PetroleumEcon
Forward article link
Share PDF with colleagues

Petronas presses ahead with Sabah LNG

The project is another sign of the industry’s growing adoption of floating liquefaction technology

Malaysian NOC Petronas is going ahead with plans to build a 2mn t/yr FLNG plant in Sabah and expects to complete the work in 2027. The plant will be Malaysia’s third floating liquefaction unit—Petronas already operates the Satu and Dua FLNG facilities—and will increase the NOC’s FLNG capacity in its home country to 4.7mn t/yr. Sabah will also be the first nearshore FLNG facility in the world. Petronas has previously stated that the nearshore location makes design and construction easier, as the site is protected in a bay, rather than being in open waters. The NOC has awarded the project’s engineering, procurement, construction and commissioning contract to a consortium comprising South Korea

Also in this section
Israel-Iran war imperils Egypt’s energy supply
18 June 2025
Egypt’s government was already preparing for potential energy shortages this summer, and the loss of Israeli gas supply has made things worse
Argentina makes progress on LNG dream
18 June 2025
Eni is joining the first phase of the 30mt/yr ARGLNG, while consortium behind the smaller Southern Energy LNG has reached FID
The oil risk premium fable
17 June 2025
Israel’s attack on Iran caught oil firms with low inventories due to their efforts to protect themselves from falling prices, creating a perfect storm
Look again at African oil and gas investment
17 June 2025
Sound development planning is essential in this diverse and rapidly evolving region

Share PDF with colleagues

Rich Text Editor, message-text
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
COPYRIGHT NOTICE: PDF sharing is permitted internally for Petroleum Economist Gold Members only. Usage of this PDF is restricted by <%= If(IsLoggedIn, User.CompanyName, "")%>’s agreement with Petroleum Economist – exceeding the terms of your licence by forwarding outside of the company or placing on any external network is considered a breach of copyright. Such instances are punishable by fines of up to US$1,500 per infringement
Send

Forward article Link

Rich Text Editor, txt-link-message
Editor toolbarsBasic Styles Bold ItalicParagraph Insert/Remove Numbered List Insert/Remove Bulleted List Decrease Indent Increase IndentLinks Link Unlinkabout About CKEditor
Send
Sign Up For Our Newsletter
Project Data
Maps
Podcasts
Social Links
Featured Video
Home
  • About us
  • Subscribe
  • Reaching your audience
  • PE Store
  • Terms and conditions
  • Contact us
  • Privacy statement
  • Cookies
  • Sitemap
All material subject to strictly enforced copyright laws © 2025 The Petroleum Economist Ltd
Cookie Settings
;

Search

  • Upstream
  • Midstream & Downstream
  • Gas & LNG
  • Trading & Markets
  • Corporate & Finance
  • Geopolitics
  • Podcasts
Search