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PETRONAS reaches final investment decision on second floating LNG project


Published Feb 17, 2014
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PETRONAS-3

PETRONAS has reached the Final Investment Decision (FID) for its second floating liquefied natural gas facility (PFLNG 2) project, located off the coast of Sabah in Malaysia.

Subsequently PETRONAS has issued a letter of award for the Engineering Procurement, Construction, Installation, Commissioning (EPCIC) contract for the project to the consortium of JGC Corporation, Samsung Heavy Industries Company Limited, JGC (Malaysia) Sdn Bhd and Samsung Heavy Industries (M) Sdn Bhd.

The EPCIC contract award followed the 2012 dual Front End Engineering Design (FEED) study for the project undertaken by two consortia - the Modec Inc., CB&I Nederland B.V and Toyo Engineering Corporation consortium and the JGC Corporation, Samsung Heavy Industries Company Limited, JGC (Malaysia) Sdn Bhd and Samsung Heavy Industries (M) Sdn Bhd consortium.

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