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