LNG

Petronas output up by 3.1% in Q1

Petronas increased its oil and gas output in the first quarter of 2018 by 3.1% year on year, to 2.46 million barrels of oil equivalent, the Malaysian NOC said
By Staff reporter 31 May 2018 0 31096

Petronas increased its oil and gas output in the first quarter of 2018 by 3.1% year on year, to 2.46 million barrels of oil equivalent, the Malaysian NOC said on Wednesday.

The company’s LNG sales increased by 6.7%, to 7.92 mt, helped by greater output from the Petronas LNG Complex as well as higher volumes from trading.

The company sold an LNG cargo through an online trading platform for the first time in Q1. The sale was made through the GLX...