Petronas gets flexible on LNG contracts as supply builds

KUALA LUMPUR (May 9): Malaysia's state energy firm Petronas may try shorter-term LNG contracts and smaller cargo sizes to entice buyers, senior company officials said, at a time when it has major contracts coming up for renewal and the market is awash in supply.

The liquefied natural gas (LNG) marketing drive at Petroliam Nasional Bhd, or Petronas, coincides with rising production after the start-up of Train 9 at its Bintulu export terminal and its first floating LNG unit. Malaysia is the world's third-largest LNG exporter.

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