PETRONAS’ first floating LNG facility will be among the world’s leading FLNG vessels, scheduled for deployment in 2015. With a 1.2 million tonnes per annum capacity, it is expected to operate at Kanowit gas field, 180km offshore Bintulu. Converting gas into LNG, its production is destined for Peninsular Malaysia and other designated areas at prevailing market prices. This ground breaking facility which possesses a design life of 20 years will enable PETRONAS to monetise its upstream stranded gas assets and eliminates substantial costs required in the provisioning of fixed infrastructure such as subsea pipelines to shore. Furthermore, it allows the Company to leverage on its FLNG experience to explore more opportunities in the LNG industry, regionally and globally.