Petronas to expand China LNG business
Malaysian energy giant Petronas is set to expand its LNG business in China, extending its reach to the country’s southern region while looking to expand the volume of supply to its existing buyers.
Petronas vice president of LNG marketing & trading, Ahmad Adly Alias said that the prospect for growth in China is strong. Petronas’ liaison office in Beijing is set to facilitate the further development.
The company’s first LNG trade to China was in 2006 with a 25-year term supply to Shanghai LNG Company and is now looking to expands its market presence in China with the addition of term LNG customers in southern China.
Malaysian company has been delivering liquefied natural gas from its LNG complex in Bintulu, Sarawak, however, it has recently added volumes from Australia to its portfolio and has also recently loaded the first cargo from the PFLNG Satu facility at the Kanowit gas field, offshore Sarawak.