Petronas Completes First LNG Cargo Delivery to Myanmar

Mei Mei Chu
Thursday, June 4, 2020

Malaysia's Petronas has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said on Thursday, marking a new consumer for the super-chilled fuel.

The state-owned company's subsidiary Petronas LNG delivered two LNG cargoes to Yangon, Myanmar, in May and June as part of a sales and purchase agreement it had signed with joint-venture company CNTIC VPower earlier this year, Petronas said.

As part of the deal, the cargoes were sold on a free-on-board (FOB) basis from the Petronas LNG complex at Bintulu, Sarawak, in East Malaysia, and totaled 190,000 cubic meters.

The first cargo was delivered into Myanmar on May 7 onboard LNG tanker CNTIC VPower Global and the second on June 3 onboard vessel Golar Kelvin, Petronas added.

"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, the chief executive officer of Petronas LNG Ltd said in the statement, adding that Myanmar is the latest nation to adopt LNG as a form of cleaner energy.

Petronas added that it is working with CNTIC VPower for further deliveries to facilitate its foothold in Myanmar's growing gas industry.

CNTIC VPower is a joint venture company between Chinese state-owned engineering, procurement and construction (EPC) firm China National Technical Import and Export Corporation (CNTIC) and Hong Kong-based power generation distributor VPower Group International Holdings.

Last year, the consortium won three LNG-to-power projects in Yangon and the state of Rakhine totaling 900 megawatts through a tender issued by Myanmar's Ministry of Electricity and Energy's Electric Power Generation Enterprise.

The projects were expected to start this year to meet Myanmar's growth in electricity demand, which is increasing by between 15% to 17% annually, according to the statement. 

(Reporting by Mei Mei Chu; Editing by Rashmi Aich and Christian Schmollinger)


Categories: Energy LNG Vessels Asia Malaysia

Related Stories

PXGEO Nets First Seismic Survey off Malaysia

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

ADNOC Signs Long-Term LNG Deal with Hindustan Petroleum Corporation

Sapura Scoops Over $118M for Chevron, PTTEP Subsea Ops off Thailand

CNOOC Finds Oil and Gas in South China Sea

Woodside Finds South Korean Partners to Advance LNG Value Chain

Centrica and Thailand’s PTT Ink Long-Term LNG Supply Deal

Yinson Production, “K” LINE Target Europe's CCS with FSIU and LCO2 Solutions

Keyfield Ventures into Indonesia’s Oil and Gas Market with New Partner

ABS Greenlights SHI’s Multi-Purpose Deepwater LNG Floating Unit

Current News

PXGEO Nets First Seismic Survey off Malaysia

SPE Offshore Europe 2025 set to drive transformational change for the energy sector

Shipbuilder Delivers Fast Crew Boat Pair to Aesen

Norwegian Oil Investment Will Peak in '25

Saipem Marks First Steel Cut for Tangguh UCC Project at Karimun Yard

Saipem Wins FEED Contract For Abadi LNG Project FPSO Module In Indonesia

Cheniere, JERA Ink Long-Term LNG Sale and Purchase Agreement

Shelf Drilling Lands New Jack-Up Contract in Vietnam, Extends Egypt Deal

Seatrium Engages Axess Group to Clear FPSOs for Brazil Deployment

Inpex Picks FEED Contractors for Abadi LNG Onshore Plant

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com