KUALA LUMPUR, June 5 Malaysian state oil firm
Petronas has awarded the engineering, procurement,
construction, installation and commissioning (EPCIC) portion of
its first commercial floating liquefied natural gas (LNG)
project to a consortium comprising Technip SA and
Daewoo Shipbuilding & Marine Engineering Co Ltd.
Petronas said on Monday it has approved plans to build a
floating LNG plant offshore in Sarawak state, on Borneo island,
and expected the facility to be ready for start-up by the end of
"It will be moored about 180 kilometres off the coast of
Bintulu, Sarawak, and is designed to produce 1.2 million tonnes
a year of LNG," Petronas said in a statement on Tuesday.
Once on stream, Petronas said the facility will boost
Malaysia's total LNG production capacity to 26.9 million tonnes
a year from 25.7 million currently.
Petronas' main competitor in the race to bring the first
floating LNG plant online is oil major Royal Dutch Shell
, which approved its Prelude LNG floating plant last
year and has said it intends to bring the plant online by 2017.