KUALA LUMPUR: Malaysia’s state oil firm Petronas has approved plans to build a floating liquefied natural gas (LNG) plant offshore Malaysia and aims to bring it online in 2015, which, if it were successful, would make it the first such plant in the world.
Petronas’ main competitor in the race to bring the first floating LNG plant online is oil major Royal Dutch Shell which approved its Prelude LNG floating plant last year and has said it intends to bring the plant online by 2017.
The floating LNG plant will allow Petronas to drill and ship gas from fields that were either too small or too remote to be profitable previously, CEO Shamsul Azhar Abbas said at a gas industry gathering in Kuala Lumpur on Monday.
“This is an example where advancement of technology has made it economically feasible to monetise stranded gas in small and scattered conventional fields,” Shamsul said of the project.
Petronas is facing diminishing oil and gas reserves in Malaysia and plans to spend 300 million ringgit ($93.79 million) over the next five years to step up its deep-water exploration activities as well as re-exploring marginal fields.
In 2011, Malaysia was the world’s second largest exporter of LNG, according to Petronas and the world’s 15th largest gas producer. But declining reserves in Malaysia are forcing the country to import the fuel as well.
Malaysia’s first LNG import terminal in Melaka, Malaysia, is due to start up in July 2012.
“The intent is to prepare for the impending shortfall of supply in peninsular Malaysia. We are also assessing the feasibility of constructing a second LNG re-gasification terminal,” Shamsul said.
The second terminal would be in southern Johor, and a third terminal in Lahad Datu in east Malaysia is set to be commissioned in 2015, he added.
Petronas approves floating LNG plant
Petronas approves floating LNG plant
KAIA records busiest week with new operational records
JEDDAH: King Abdulaziz International Airport started 2026 on a strong note, handling 5.45 million passengers in January, a 7.3 percent increase over the same month last year.
Flight movements reached 29,200, up 11 percent, while total baggage throughput rose 8 percent to 6.6 million items.
The airport recorded its busiest operational week from Jan. 11 to 17, serving 1.28 million travelers.
Passenger numbers peaked on Jan. 17, marking the airport’s busiest day ever with 195,300 travelers and 1,089 flights, underscoring the efficiency of its operations and the capacity of its infrastructure to accommodate growing travel demand.
These results reflect Jeddah Airports Co.’s ongoing efforts to enhance the passenger experience, expand travel options, and manage rising air traffic in line with the National Aviation Program and Saudi Vision 2030.
Since its establishment in 2022, the company, known as JEDCO, has overseen the management and operations of KAIA, driving the implementation of the Aviation Program under the National Transport and Logistics Strategy.
In 2025, the airport reached a historic milestone, welcoming 53.4 million passengers, the highest annual total ever recorded at a Saudi airport, placing it among the world’s mega airports in terms of traffic.
The airport handled a total of 310,000 flights and 60.4 million bags, representing a 12 percent increase compared to 2024. It also handled 9.57 million Zamzam water containers and 2,968 cargo flights.
This achievement reflects the airport’s qualitative transformation and its position as a regional hub and national gateway connecting the Kingdom to the world. It also highlights its role in facilitating the movement of visitors and pilgrims, promoting tourism in line with the goals of Vision 2030, diversifying the economy, and providing a distinguished travel experience.
The January milestone at KAIA is part of a broader success story for Saudi airports, with 2025 statistics showing unprecedented growth in the Kingdom’s air traffic, surpassing regional averages and cementing Saudi Arabia’s status as one of the world’s fastest-growing and most advanced aviation markets.
Passenger numbers rose 9.6 percent, fueled by tourism, international events, and expanding global connectivity.
This growth reflected both increased capacity and enhanced connectivity, with Saudi airports handling approximately 140.9 million passengers, 76 million international and 65 million domestic passengers. Flight movements rose 8.3 percent to around 980,400, highlighting the sector’s sustained recovery.
KAIA accounted for 38 percent of total passenger traffic, averaging 146,000 passengers daily and operating at 107 percent of capacity. King Khalid International Airport handled 29 percent of passengers, with a daily average of 112,000. Madinah and Dammam airports also recorded historic surges, operating at 137 percent and 112 percent of capacity, respectively.
