PETRONAS' core competency is in Asia and its focus has not wavered. By 2018, its portfolio will grow to 35 Mt and it will remain as one of the largest suppliers in the Pacific market. However, as contracted LNG grows, PETRONAS' flexible LNG increases significantly. We forecast flexible LNG growing from 6 Mt to 15 Mt between 2016 and 2020. This is a pressing concern as its exposure to the spot market increases its risk of being distressed.