Asian gas downturn has Petronas scaling back LNG Tiga project

Finalizing sales accords for Malaysia LNG Tiga, the third LNG facility at Bintulu, Sarawak, is proving difficult, and Petronas officials are already conceding privately that production will be cut back from the nameplate capacity of 6.8 million tons/year. The two-train plant, a joint venture of Petronas 60%, Nippon Oil Co. 20%, and Shell Gas Bhd. 20%, is due to come on stream in 2001 and still has no supply contract. Bintulu's other two facilities, Malaysia LNG and Malaysian LNG Dua, all