PETRONAS has launched the hull of its first floating liquefied natural gas (PFLNG 1) facility at the Daewoo Shipbuilding and Marine Engineering (DSME) shipyard in Okpo, South Korea.

The launch, which took place on 5 April 2014, saw the 365-metre-long hull float out at a dock and launched to anchor at a quayside of the DSME shipyard where the facility is being constructed.

This phase marks the near-completion of hull construction works, less than 10 months since first steel was cut for the project at the DSME yard in June 2013.

Petronas vice president and venture director of domestic LNG projects in Petronas’ gas and power business Abdullah Karim said the company was working closely with DSME and Technip to ensure the project was delivered within cost and on schedule.

The PFLNG1 vessel, also known as PFLNG SATU, will be moored in Malaysia’s Kanowit gas field, 180 kilometres offshore Sarawak, and will produce 1.2 million tonnes of LNG per year.

It will play a significant role in Petronas’s efforts to unlock the gas reserves in Malaysia’s remote and stranded fields currently deemed uneconomical to develop and evacuate and will help meet the growing demand for gas.

The facility, scheduled to be completed in Quarter 4 of 2015, will be the world’s first floating LNG facility in operation.