Bintulu Port’s LNG throughput seen stable on Japan, South Korea demand
The liquified natural gas (LNG) cargo throughput at Bintulu Port Holding Bhd is expected to remain stable with sustained demand from Japan and South Korea, alongside stronger demand from China on trade diversion. According to Kenanga Investment Bank Bhd (Kenanga Research), China’s key LNG suppliers are currently Australia at 34 per cent, Qatar (23 per ...
Bintulu Port Holding Bhd, the operator of Bintulu Port, is expected to maintain stable LNG cargo throughput due to sustained demand from Japan and South Korea, as well as increased demand from China on trade diversion. Kenanga Investment Bank Bhd's research indicates that China's primary LNG suppliers are Australia, Qatar, Russia, and Malaysia, which could help fill the supply gap for China.
The port operator reported an 11% rise in revenue for the first half of FY26, driven by both Bintulu Port and Samalaju Industrial Port, while core net profit remained flat at RM60.2 million. Additionally, Bintulu Port recently signed a heads of agreement with the Sarawak government for an interim operating framework, with the new Bintulu Port Authority Sarawak expected to be fully operational by the end of FY26.
Brief written by urgent.news from Hellenic Shipping News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
