A roundup of news and commentary from NGI’s LNG Insight 

  • Petronas on Wednesday reported a fire on its Sabah-Sarawak natural gas pipeline in Malaysia. The system feeds the 30 million metric tons/year Bintulu LNG export terminal.
  • The company blamed the “fire incident” on a third-party contractor performing work near the pipeline’s right-of-way that was unrelated to the system. It did not say how LNG or upstream operations would be impacted.
  • The company declared force majeure on supplies from the terminal in October due to a leak on the Sabah-Sarawak pipeline, which analysts said at the time could cut up to three cargoes monthly from global supplies.
  • The U.S. and Indonesia announced a $20 billion finance agreement to help Indonesia cut greenhouse gas emissions and reduce coal in its power sector. Indonesia, a major LNG exporter, is now targeting net-zero emissions from the power sector by 2050 and will accelerate renewable energy deployment under the deal announced Tuesday at the G20 Summit in Bali.
  • The funds would come from public and private financing over a three-to-five year period. Ultimately, the goal could cost hundreds of billions of dollars to achieve, according to Bloomberg New Energy Finance.