Malaysia's Sarawak state govt seeks 10% stake in LNG train
KUALA LUMPUR (Reuters) — Malaysia's Sarawak state government said it is negotiating with Petroliam Nasional Berhad to acquire a 10% equity stake in a LNG production facility at Petronas' LNG complex in Bintulu, Sarawak.
The government is looking to buy a stake in the LNG Train 9 facility, the site's ninth liquefaction unit, which can produce 3.6 MMtpy of LNG. It began its commercial operations in January, boosting production capacity at the Petronas LNG complex to 30 MMtpy.
"The Sarawak government is actively negotiating with Petronas on the details of the shareholders agreement on the 10% equity in the Malaysia Liquefied Natural Gas (MLNG) Plant Train 9," Abang Johari, the chief minister of Sarawak, said in a speech on Monday.
"We are also working with Petronas for a larger equity in MLNG 2 plant."
Other stakeholders in LNG Train 9 include JX Nippon Oil & Energy Corp, a unit of Japan's biggest oil refiner JX Holdings. JX Nippon acquired a 10% equity stake in the Petronas subsidiary that owns LNG Train 9 last June.
Reporting by KL Newsroom; Editing by Christian Schmollinger
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