Malaysia’s state-owned oil and gas firm Petronas subsidiary Petronas LNG (PLL) has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar.
Petronas subsidiary PLL delivered two LNG cargoes to Yangon in Myanmar, one on 7 May and the other on 3 June, under a sales and purchase agreement (SPA) signed this year with joint-venture (JV) company CNTIC VPower.
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
Under this SPA, the cargoes were sold on a free-on-board (FOB) basis from the Petronas LNG complex in the town of Bintulu in Sarawak, East Malaysia. A total of 190,000m³ of LNG was delivered via these cargoes.
The LNG cargoes were delivered onboard the Golar Kelvin tanker.
PLL CEO Abdul Aziz Othman said: “The two LNG cargoes that were successfully delivered to CNTIC VPower marks a new era in the growth of LNG demand in the South East Asian region.
“With Myanmar as the latest nation to adopt LNG as a form of cleaner energy, Petronas looks forward to being a long-term partner and supplier, leveraging on our world-class reliability, as well as innovative and customer-centric solutions.”
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPetronas is working with CNTIC VPower for further deliveries, which will increase the market footprint of both companies in Myanmar’s gas industry.
Last month, Petronas signed a deal to supply LNG to an ISO tank-filling facility owned by Shanghai-based Tiger Clean Energy in the eastern state of Sarawak, Malaysia.
In March this year, a fire and explosion at an oil refining complex owned by Petronas and Saudi Aramco in Malaysia’s southern state of Johor killed five people and injured one.
