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Petronas sees boosting LNG output in winter as spot trade rises

Mimi Sabreena 4:02:00 PM Informasi

SINGAPORE (Mar 1): Petronas is reserving some LNG output from its Bintulu complex to sell into the spot market, a change from historical practice of placing all volumes in long-term contracts, Ahmad Adly Alias, vice president for LNG marketing and trading at the company, said at LNG Supplies for Asian Markets conference in Singapore.

* Historically Petronas would try to maximize output at Bintulu year-round to fulfill long-term contracts

** Now it tries to maximize output only during the winter, when spot prices are higher

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