Petronas LNG Inks Services Agreements in Malaysia
Petronas LNG Ltd. (PLL), has signed a two-year service agreement with Argo Engineering Sdn Bhd (Argo) and Eastport Marine Sdn Bhd (Eastport) to provide liquefied natural gas (LNG) ship-to-ship transfer services in Labuan, Malaysia.
“This ship-to-ship transfer service agreement is Petronas’ first collaboration in providing flexible delivery solutions that goes beyond the conventional selling and delivering of LNG,” said PLL Chairman, Ahmad Adly Alias, in a company statement.
“LNG ship-to-ship transfer services is an emerging trend to cater to the needs of small scale LNG requirements,” he added.
PLL said the partnership will enable the company to respond to new market requirements in the changing LNG industry landscape.
In addition to the ship-to-ship services deal, PLL announced Wednesday that it had also signed an agreement with Bintulu Port Sdn Bhd (BPSB) for the provision of marine services to support PLL’s Gassing Up and Cooling Down (GUCD) operations at the site for a period of three years.
The services at the Bintulu Port will commence in 2018.
“The GUCD services is a niche and specialized service offered by Petronas. This is the first GUCD services in Malaysia at the Bintulu Port,” said Adly Alias.
“This collaboration is expected to enhance Petronas’ portfolio of services in the integrated (LNG) value chain,” he added.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- ExxonMobil Racks Up Discoveries in Guyana Block Eyed by Chevron
- Oil Market Sentiment Has Improved Significantly
- EU, US Eye Collaboration on Nuclear Materials
- USA Driving Activity to Increase to All-Time Highs
- TC Energy to Sell Prince Rupert Gas Pipeline Project to First Nation
- EU Electricity Export to Ukraine Up 94 Percent in Two Years
- China Coal Output Falls for First Time since Government Ordered More
- BP Pulse Buys One of Europe's Largest Truck Stops
- UK CCUS Plans Outdated: Think Tank
- North America Enters Rig Loss Streak
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- EIA Drops 2024 Henry Hub Gas Price Forecast
- EIA and Standard Chartered Offer Up Latest Oil Price Predictions
- Red Sea Region Sees Another Watershed Incident
- Chevron Oil Project in Kazakhstan to Cost $48.5B
- OPEC Voices Encouragement after IEA Affirms Support for Oil Security
- Biden Govt Bares Strategy for Freight Charging, Hydrogen Fueling Infra
- Ukraine Hits Third Russian Refinery In Escalating Drone Strikes
- Rystad Looks at the Buzz Around White Hydrogen
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Is Peak Oil Demand Close?
- Vessel Sinks in Red Sea After Missile Strike
- JP Morgan, Standard Chartered Reveal Latest Oil Price Forecasts
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Rystad Forecasts Net Production of Top Permian Producers in 2024
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension