Petronas’ existing Satu FLNG plant
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
5 March 2026
Gas is a central pillar of Colombia’s energy system, but declining production poses a significant challenge, and LNG will be increasingly needed as a stopgap. A recent major offshore gas discovery offers hope, but policy improvements are also required, Camilo Morales, secretary general of Naturgas, the Colombian gas association, tells Petroleum Economist
4 March 2026
The continent’s inventories were already depleted before conflict erupted in the Middle East, causing prices to spike ahead of the crucial summer refilling season
4 March 2026
The US president has repeatedly promised to lower gasoline prices, but this ambition conflicts with his parallel aim to increase drilling and could be upended by his war against Iran
4 March 2026
With the Strait of Hormuz effectively closed following US-Israel strikes and Iran’s retaliatory escalation, Fujairah has become the region’s critical pressure release valve—and is now under serious threat
