Avenir LNG charters newbuild carrier to Petronas

Avenir LNG in collaboration with MISC Berhad has agreed a time charter deal with Petronas, for the provision of its first 7,500-cbm liquefied natural gas carrier.

The vessel, under contact with Petronas’ unit, Petronas LNG, will provide bunkering to LNG fuelled vessels across Malaysia in addition to transport services for small-scale terminals in the region.

Through this collaboration, Avenir and MISC will form a joint venture company to manage the commercial operations of the LNG carrier whereas ship management services will be provided by Eaglestar Shipmanagement, a wholly-owned unitof MISC, Avenir LNG said in its statement.

Avenir and Petronas LNG will offer multi-modal LNG bunkering solutions and provide further support for LNG fuelled vessels.

Additionally, both companies will collaborate on the development of selected small-scale LNG projects.