Petronas benefits from Gladstone LNG ramp-up

摘要

Malaysia's state-owned Petronas increased its third-quarter production by just over a fifth from a year earlier to 1.8mn b/d of oil equivalent, boosted by higher output from Australia's Gladstone LNG (GLNG) project. Petronas owns a 27.5pc stake in the 7.8mn t/yr GLNG plant in Queensland, which produced its first cargo in October last year and is now ramping up output at its second train. The firm continues to scale back spending.