Petronas delivers first Myanmar LNG cargoes

Malaysian energy giant Petronas said Thursday it has recently completed its maiden delivery of liquefied natural gas to Yangon, Myanmar.

The company delivered two LNG cargoes in May and June as part of a master sale and purchase agreement between Petronas LNG unit and CNTIC VPower that was signed earlier this year.

The cargoes, shipped from the Petronas LNG Complex in Bintulu were sold on Free-On-Board (FOB) basis, amounting to a total LNG volume of 190,000 cubic metres.

The first cargo was loaded onboard the recently delivered newbuild CNTIC VPower Global.

The 28,000 cubic meter LNG carrier is serving a joint venture consisting of Hong Kong-listed VPower Group and China National Technical Import & Export Corporation.

The two companies are developing LNG-powered plants in Myanmar and the newbuild carrier will serve as a shuttle vessel for these facilities.

Petronas said it granted conditional acceptance to the small-scale vessel allowing for the very first multilobe tank comprising two cylindrical tank sections to dock at its Bintulu terminal.

The Malaysian company also provided cooling-down services for the LNG carrier.

The second cargo Petronas provided to Mynamar was loaded on June 3 onboard Golar’s 162,000-cbm LNG carrier Golar Kelvin.

“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”, Abdul Aziz Othman, Petronas LNG’s chief executive officer, said.

“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”, he said.

Petronas added that it was working with CNTIC VPower for further LNG deliveries to the country.