Sarawak Government snaps stake in Petronas’ Bintulu LNG Train 9
- Project & Tenders
The Sarawak State Government signed a term sheet with the state-run Petronas securing participation in the ninth liquefaction train at the company’s Bintulu LNG complex.
With a production capacity of 3.6 million tons per annum (MTPA), Train 9 started its commercial operations in January 2017, boosting the total output capacity of the Petronas LNG Complex to 30 MTPA.
At the same event, a memorandum of understanding for a logistics collaboration between Petronas Chemicals Marketing Labuan (PCML) and Hubline Berhad was also signed, enabling Hubline Berhad to join PCML’s panel of transporters for petrochemical products, Petronas said in a statement.
Reuters reports the term sheet is for a 10 percent stake.
Shareholders in Train 9 are, Petronas with a 70 percent stake, with Japan’s JX Nippon Oil & Energy and PTT Global LNG Holding and Sarawak State Government with 10 percent stakes each.