IOCs eye Petronas' 'plug and play' FLNG
Petronas says they already have interest in their plan to charter FLNG vessels to IOCs
Malaysian national oil company (NOC) Petronas could charter its pioneering floating liquefied natural gas (FLNG) production vessels to international oil companies (IOCs) once it has proven the viability of the emerging technology. Petronas says that it has already received interest from some IOCs. The Kuala Lumpur-based company is set to commission the world's first FLNG unit at its Kanowit field in the shallow waters off Sarawak in Malaysia in early 2016. The field, which is already producing gas, will be a testbed for the novel technology. Petronas' biggest competitor will be Shell's huge Prelude FLNG project, which is due to start producing off the coast of Australia in 2017. Petronas' FL
Also in this section
5 December 2025
Mistaken assumptions around an oil bull run that never happened are a warning over the talk of a supply glut
4 December 2025
Time is running out for Lukoil and Rosneft to divest international assets that will be mostly rendered useless to them when the US sanctions deadline arrives in mid-December
3 December 2025
Aramco’s pursuit of $30b in US gas partnerships marks a strategic pivot. The US gains capital and certainty; Saudi Arabia gains access, flexibility and a new export future
2 December 2025
The interplay between OPEC+, China and the US will define oil markets throughout 2026
