Petronas Aims to Complete Malaysia LNG Investigation by Mid-Year
(Reuters) — Malaysia's state energy company Petroliam Nasional Berhad, or Petronas, aims to complete an investigation into disruption of Malaysia LNG gas supply by the middle of the year, CEO Tengku Taufik told reporters on Friday.
The company has declared force majeure on gas supply to one of its liquefaction terminals, Malaysia LNG Dua, after a pipeline leak caused by soil movement at the Sabah-Sarawak pipeline on Sept. 21.
Taufik, who was in Tokyo to attend a conference, declined to comment on when force majeure is likely to be lifted.
"We expect to complete our investigation in the first half (of this year)," he said, adding that the company does not know what recommendations will be made or the impact on efforts to resume normal operations.
The disruption fueled fears of a supply shortage as Japan and many European countries scramble to secure gas supplies in the face of a possible total halt to gas from Russia in response to sanctions over its invasion of Ukraine.
To reassure Japanese buyers, Taufik said in October that Petronas would continue efforts to offset any impact on Japanese customers by providing alternative supplies.
Related News
Related News
- Trump Aims to Revive 1,200-Mile Keystone XL Pipeline Despite Major Challenges
- Phillips 66 to Shut LA Oil Refinery, Ending Major Gasoline Output Amid Supply Concerns
- Valero Considers All Options, Including Sale, for California Refineries Amid Regulatory Pressure
- U.S. Appeals Court Blocks Kinder Morgan’s Tennessee Pipeline Permits
- ConocoPhillips Eyes Sale of $1 Billion Permian Assets Amid Marathon Acquisition
- U.S. LNG Export Growth Faces Uncertainty as Trump’s Tariff Proposal Looms, Analysts Say
- Tullow Oil on Track to Deliver $600 Million Free Cash Flow Over Next 2 Years
- Energy Transfer Reaches FID on $2.7 Billion, 2.2 Bcf/d Permian Pipeline
- Polish Pipeline Operator Offers Firm Capacity to Transport Gas to Ukraine in 2025
- Alaska Greenlights Enstar’s $57 Million Pipeline to Boost LNG Imports
Comments