New floating liquefied natural gas (FLNG) projects will be developed by Malaysia and Canada to deliver super-chilled fuel to Asian markets, mainly China. According to Fitch Solutions, the new FLNG will help meet the growing demand for natural gas as part of the sustainable energy transition.
Petronas, Malaysia’s state-owned oil company, has announced preliminary plans for the development of PFLNG Tiga, a third FLNG project. In December 2021, a JGC-Samsung Heavy Industries consortium and Saipem were granted tenders for two front-end engineering and design studies. The project, which has a minimum capacity of 2 million tons per annum (MTPA), is considered as first of its kind in Malaysia. It will be deployed near-shore in the eastern state of Sabah on the island of Borneo.
While in Canada, the Cedar LNG project and the Ksi Lisims project are both FLNG projects in the works. Both projects will have a total export capacity of 3 million and 12 million tonnes per year, respectively. The Cedar project is being led by the Haisla Nation, with the Pembina Pipeline Corporation holding a 50% share. Nisga’a Nation, Rockies LNG Partners, and Western LNG are working on the project.
(Sources: The National News; Offshore Energy)
