PETRONAS LNG UNIT IN DEAL WITH ARGO, EASTPORT
Partnership will enable PLL to respond to new market requirements in the industry
KUALA LUMPUR
PETRONAS LNG Ltd (PLL), a subsidiary of Petronas LNG Sdn Bhd, has signed a two-year service agreement with Argo Engineering Sdn Bhd and Eastport Marine Sdn Bhd to provide liquefied natural gas (LNG) ship-toship transfer services in Labuan.
The service is the transfer of LNG between two vessels positioned alongside each other, allowing flexibility of cargo delivery especially for small-scale LNG requirements.
“This ship-to-ship transfer service agreement is Petroliam Nasional Bhd’s (Petronas) first collaboration in providing flexible delivery solutions that go beyond the conventional selling and delivering of LNG,” said PLL chairman Ahmad Adly Alias in a statement yesterday.
“LNG ship-to-ship transfer service is an emerging trend to cater to the needs of small-scale LNG requirements,” he added.
The partnership will enable PLL to respond to new market requirements in the LNG industry, which include LNG shipping solutions.
Argo has vast experience in LNG shipping operations. Eastport has expertise in handling bunkering and ship-to-ship operations, in addition to possessing the sole licence to provide LNG bunkering and ship-to-ship services at Brunei Bay, Labuan.
Petronas, with more than 30 years of experience in integrated global LNG business, has a sterling reputation as a reliable LNG solution provider and supplier.
In a separate statement, PLL said it had signed a memorandum of agreement with Bintulu Port Sdn Bhd for the provision of marine services to support PLL’s gassing up and cooling down services at Bintulu Port for three years, starting next year.
This will position Bintulu as one of the premier LNG hubs and one of the few terminals in the world to offer this facility.