Malaysia LNG Sdn Bhd was incorporated in June 14, 1978. It was a joint-venture between Petronas, Shell Gas B.V. of the Netherlands and Mitsubishi Corporation of Japan. Petronas held 65 per cent of the company's equity while Shell Gas and Mitsubishi Corporation shared the remainder on an equal basis.
Tan Sri Abdul Kadir Shamsuddin was the chairman and chief executive of the company the new company, Mr. M.B. Hashim, Petronas director of marketing, was appointed the managing director.
Other board members were Mr. Jan de Ruiter, chairman of Shell Group in Malaysia, Mr. Rastam Hadi, managing director of Petronas and Mr. K. Hama, managing director of Mitsubishi Corporation.
The company's first order of business was to build the first Malaysian LNG Plant of three trains with a capacity of 2.7 million ton per annum (Mtpa) each. Its first liquefied natural gas (LNG) was delivered in January 1983 (the first cargo dispatched on 29 January 1983). This first venture is now known as MLNG Satu.
Today Malaysia LNG remains a subsidiary of the Malaysian national oil and gas company Petronas, which is a majority shareholder in all three LNG Ventures (MLNG Satu, MLNG Dua and MLNG Tiga). Besides Petronas, Royal Dutch Shell, Mitsubishi, JX Nippon Oil and the Sarawak Government hold a minority stake. To date, PETRONAS has delivered over 11,500 LNG cargoes safely across the world from our portfolio of global LNG assets. The bedrock of our operations, the PETRONAS LNG Complex in Bintulu, Sarawak, is one of the world’s largest LNG facilities in a single location. We are also the world’s first owner and operator of two floating LNG facilities, PFLNG Satu and PFLNG Dua that enables us to unlock marginal and stranded gas fields.
