US Air Products wins work for 2nd PETRONAS floating LNG project

02 May 2014 18:37 Source:ICIS News

HOUSTON (ICIS)--Air Products has won a contract for work on a floating liquefied natural gas (LNG) project by Malaysia’s national energy and petrochemicals major PETRONAS, the US-based chemical engineering and industrial gases group said in a statement on Friday.

Air Products said that under the deal it will provide proprietary LNG technology, equipment and process licensing for the floating LNG project which will be located off Malaysia’s coast.

“Air Products's equipment and technology will be vital in the production of 1.5m tonnes/year of LNG, targeted for onstream in 2018, for project owner PETRONAS,” it added.

The floating LNG project is PETRONAS's second such project. Air Products also provided its technology for the first. The projects enable PETRONAS to tap off-shore natural gas reserves that would otherwise be unreachable.

Air Products did not disclose the contract's financial details.

By Stefan Baumgarten