Petronas Successfully Delivers First LNG Cargo to Hokuriku Electric
Petronas, though its subsidiary Malaysia LNG Sdn Bhd (MLNG), has successfully delivered its first liquefied natural gas cargo to Japan’s Hokuriku Electric Power Company.
The cargo was delivered from the Petronas LNG Complex in Bintulu, Sarawak, which is operated by MLNG, to the Toyama-Shinko Terminal by Seri Amanah, the LNG vessel chartered by MLNG and operated by Petronas’ subsidiary MISC Bhd.
The delivery marks the beginning of MLNG’s supply to Hokuriku Electric via a Sale and Purchase agreement (SPA) signed on December 6, 2016. Under the terms of the agreement, Petronas will supply up to six cargoes of LNG per year for 10 years, through MLNG.
“As an integrated global oil and gas player, Petronas remains committed to delivering the reliable supply of LNG through innovative and flexible solutions to accommodate the different needs of our buyers,” said Petronas Vice President of LNG Marketing and Trading, Ahmad Adly Alias, in a company statement.
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