Malaysia's Petronas buys Australian spot LNG after domestic outage

LONDON: Malaysia’s Petronas purchased a spot liquefied natural gas (LNG) cargo from the Australia Pacific (AP) export plant to replace lost output from a domestic project hit by a partial outage, market sources said.

Petronas paid somewhere in the high $11 per million British thermal unit (mmBtu) level for an AP LNG cargo loading on February 4, sources said.

Output from the state-run company’s Bintulu export plant was curtailed last week after one of three pipelines supplying the project burst, prompting shipment delays, but the company has not declared a force majeure, trade sources said. – Reuters