Petronas LNG plant on line

Petronas LNG plant on line

KUALA LUMPUR (UPI): Petronas, Malaysia's national petroleum company, expected its second US$7.5 billion liquefied natural gas (LNG) plant to begin production in January, Chairman Azizan Zainal Abidin said yesterday.

"Construction of the LNG plant started in March 1992. Overall progress to date is 85 percent. We should be able to begin commissioning the first of the three trains in January 1995, two months ahead of schedule," Azizan said.

"The entire Lng2 project is expected to be commissioned by November 1995, four months ahead of schedule," he said.

Based on the success and experience gained in implementing the two Lng projects, Petronas is confident that its third Lng venture, which may begin in 2000, will be equally successful, he said.

Azizan said Petronas has finalized arrangements for the sale of Lng from the second plant to Japan, South Korea and Taiwan.

"The first agreement, with South Korea, will be signed in July," he said, adding similar contracts with Japan and Taiwan will be sealed later.