PETRONAS Signs Time Charter Party with MISC and Avenir for a 7,500 CBM Newbuild LNG Bunker Vessel

KUALA LUMPUR, 29 October 2019 – Petroliam Nasional Bhd (PETRONAS) through its subsidiary PETRONAS LNG Sdn Bhd (PLSB) achieved another milestone with the signing of the Time Charter Party (TCP) with MISC Berhad and Avenir LNG Limited to charter a 7,500 cubic meters of liquefied natural gas (LNG) bunker vessel.

The collaboration positions PETRONAS among the first LNG bunkering service providers in the South East Asia region, moving Malaysia closer towards becoming a LNG bunkering hub. The LNG bunker vessel is capable of providing bunkering services to LNG fueled vessels across Malaysia, and also transporting smaller scale LNG cargoes across the region.

PETRONAS Vice President of LNG Marketing & Trading and Chief Executive Officer of PLSB, Ahmad Adly Alias said: "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 IMO 2020 regulations,” he added.

PETRONAS has set up the necessary infrastructure for LNG bunkering services at Pengerang, Johor and Sungai Udang, Melaka. The Company is also actively working towards the establishment of LNG Bunkering Global Network through partnerships with port operators and international industry players.

Issued by
Media Engagement
Group Strategic Communications
PETRONAS