By Jason Ng
KUALA LUMPUR--Malaysia's state oil and gas company Petroliam Nasional Bhd. said Tuesday that it has awarded an engineering and construction contract for a floating liquefied natural gas facility in Malaysia to a consortium
The consortium is comprised of Technip S.A. (TEC.FR) and Daewoo Shipbuilding & Marine Engineering Co. (042660.SE).
The company, also known as Petronas, didn't disclose the contract value.
Petronas is building its first commercial floating LNG facility scheduled to be ready for startup by end of 2015, the company said in a statement. The facility will be moored about 180 kilometers off the eastern state of Sarawak and will be capable of producing 1.2 million metric tons a year of LNG.
Once operational, the facility will boost Malaysia's total LNG production capacity to 26.9 million tons a year from the current 25.7 million tons.
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(END) Dow Jones Newswires
June 05, 2012 05:17 ET (09:17 GMT)
Copyright (c) 2012 Dow Jones & Company, Inc.