KUALA LUMPUR: Petroliam Nasional Bhd through its subsidiary Petronas LNG Ltd (PLL) has completed the group's maiden delivery of liquefied natural gas (LNG) to Yangon, Myanmar.
Petronas said with two LNG cargoes delivered in May and June 2020, the move will grow Petronas' foothold in Myanmar's fast-growing gas industry.
The delivery of the cargoes was part of a master sale and purchase agreement between PLL and CNTIC VPower.
The agreement was signed in early 2020.
"As part of the agreement, the LNG cargoes were sold on a Free-On-Board (FOB) basis, amounting to a total LNG volume of 190,000 cubic metres.
"Both LNG cargoes were loaded at Petronas LNG Complex in Bintulu, Sarawak, and were delivered on May 7,2020, onboard the CNTIC VPower Global, and on June 3, 2020, onboard the Golar Kelvin," it said.
PLL chief executive officer Abdul Aziz Othman said 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.
"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, leveraging on our world-class reliability, as well as innovative and customer-centric solutions," said Abdul Aziz.
Through integrated value chain solutions, Petronas facilitated the delivery of the cargoes by granting conditional acceptance to CNTIC VPower Global vessel in allowing for the very first multilobe tank comprising two cylindrical tank sections, or better known as Bilobe type LNG vessel, to dock at the Bintulu terminal where cooling-down services were also provided.
This was achieved by Petronas focus on customer-centricity, which enables the Company to adapt to unique requirements and fulfil customers' cleaner energy demands.
In addition to the first two LNG cargoes, Petronas is also working with CNTIC VPower for further deliveries that will strengthen the relationship between both companies, which will facilitate the growth of their foothold in Myanmar's fast-growing gas industry.