General – FLNG
Malaysia’s national energy company Petronas and the Sabah Oil & Gas Development Corporation (SOGDC) have teamed up to build the nation’s first nearshore floating liquefied natural gas (FLNG) facility.
The estimated price tag of the FLNG is US$2.03 billion.
The companies have signed a memorandum of understanding for the project, dubbed ZLNG, which will be deployed close to the Sipitang Oil and Gas Industrial Park (SOGIP) in Sabah, East Malaysia.
South Korea’s Samsung Heavy Industries with Japanese engineering partner JGC and a pairing of Italian contractor Saipem and China’s Hudong-Zhonghua are currently performing parallel front-end engineering and design contracts for the new FLNG project, which will have minimum liquefaction capacity of 2 million tonnes per annum.
Subject to project sanction, the winning FEED contractor will be awarded the prized engineering, procurement, construction and commissioning workscope as a roll-on contract.
Petronas is aiming to take the final investment decision on the ZLNG project around year-end.