Petronas LNG inks TCP with MISC, Avenir to charter LNG bunker vessel

KUALA LUMPUR, Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas LNG Sdn Bhd (PLSB), has signed a Time Charter Party (TCP) with MISC Bhd and Avenir LNG Ltd to charter a 7,500-cubic metre liquefied natural gas (LNG) bunker vessel.

In a statement today, Petronas vice president of LNG marketing and trading and PLSB chief executive officer Ahmad Adly Alias said the collaboration would position Petronas as among the first LNG bunkering service providers in the Southeast Asian region, moving Malaysia closer towards becoming an LNG bunkering hub.

He said the LNG bunker vessel is capable of providing bunkering services to LNG-fuelled vessels across Malaysia, and also transporting smaller scale LNG cargoes across the region.

“Petronas is always on the lookout to adopt new technologies through smart partnerships and promote LNG as a cleaner fuel and the fuel of choice for the marine industry.

We are also collaborating with various ministries, authorities and fellow industry players to co-develop the policies, guidelines, and procedures for safe and effective bunkering operations in embracing the International Maritime Organisation (IMO) 2020 regulations, he said.

He said Petronas had set up the necessary infrastructure for LNG bunkering services at Pengerang, Johor and Sungai Udang, Melaka.

He added that the company is also actively working towards the establishment of LNG Bunkering Global Network through partnerships with port operators and international industry players.

Source: BERNAMA (News Agency)