Malaysian state-owned oil firm Petroliam Nasional Bhd said on Nov. 17 it achieved first gas this week for its first floating LNG facility in offshore Sarawak, east of the country.
Petronas said in a statement the LNG facility will soon go into commercial operations and move its first cargo.
The company on Nov. 16 reported that third-quarter profit nearly quadrupled to 6.1 billion ringgit (US$1.39 billion) on lower net impairment on assets and higher average prices for most products.
(US$1 = 4.3900 ringgit)
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