Markets
In 2005, Malaysia LNG exported 21.85 million ton of LNG. LNG is exported through Bintulu port ex-ship (for all term Japanese sales) and FOB (for some Korean volumes) on various sized ships. Malaysia Dua has agreed a sale ex-ship to Sendai City Gas and Saibu Gas using small ships. These vessels of 18,928 cu.m. can cause some operational problems as they are relatively slow in loading and occupy one of the berths at Bintulu that is also used for larger ships.
MLNG Japan buys 65% of Malaysian LNG, and this represented 22% of Japan's LNG requirements in 2005. Other importers are Korea (26%) and Taiwan (9%). In addition to the export on a long-term basis, MLNG also sells LNG on the spot market to the Asia region and the Atlantic Basin.
Read more about this topic: Malaysia LNG
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