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BUSINESS

Malaysia retains position as world's 5th largest LNG exporter in 2021 -- MGA

07/07/2022 10:09 PM

KUALA LUMPUR, July 7 (Bernama) -- Malaysia exported 24.9 million tonnes per annum (MTPA) of liquefied natural gas (LNG) in 2021, retaining its previous year’s position as the fifth largest LNG exporter after Australia, Qatar, the United States and Russia, the Malaysian Gas Association (MGA) said.

Citing the 13th annual World LNG Report 2022 released by the International Gas Union (IGU) on Wednesday, MGA said last year’s export of 24.9 MTPA was a slight increase from 23.9 MTPA in 2020. 

“This constitutes about 6.7 per cent of the total LNG traded globally,” it said in a statement today.

It said Asia Pacific remained the largest LNG exporter region with 131.2 million tonnes LNG being exported last year.

Meanwhile, MGA said Malaysia continued to be a technology leader in floating liquefied natural gas (FLNG) production, which saw Petroliam Nasional Bhd’s (Petronas) Floating Liquefied Natural Gas Satu (PFLNG1) with a capacity of 1.2 MTPA and Petronas Floating Liquefied Natural Gas Dua (PFLNG2) with a capacity of 1.5 MTPA, came online in 2021.

“At the end of April 2022, there were only four operational FLNG units globally, the final investment decision (FID) for the third Petronas FLNG is expected to be made by end-2023,” it added.

-- BERNAMA

 

 


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