Petronas delivers Myanmar’s first LNG import cargoes

KUALA LUMPUR: Petroliam Nasional Bhd (Petronas) has delivered the first liquefied natural gas (LNG) import cargoes to Myanmar, the company said, 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 basis from the Petronas LNG complex at Bintulu, Sarawak, and totalled 190,000 cubic metres.

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 said 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 firm China National Technical Import and Export Corp and Hong Kong-based power generation distributor Vpower Group International Holdings.

Last year, the consortium won three Lngto-power projects in Yangon and the state of Rakhine totalling 900 megawatts. — Reuters