KUALA LUMPUR: National oil firm, Petroliam Nasional Bhd (Petronas), has warned that the liquefied natural gas (LNG) industry could stagnate if industry players do not make an effort to collaborate more. Without sufficient investments, both buyers and sellers face an uncertain future in terms of business sustainability and energy security,” said president and group chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin. “Although buyers’ considerations remain in our best interests, the current market volatility necessitates the security of demand. Through these investments, we aspire to help create a more sustainable LNG market that is able to fuel the world’s economies,” he said. Petronas recently celebrated its 10,000th cargo from its Bintulu LNG Complex in Malaysia, delivered to Japan on October 4.

Source: New Strait Times October 18, 2017 07:18 UTC