Petronas, Sumitomo to work on LNG bunkering in Malaysia and Japan

Malaysia’s Petronas and Japan’s Sumitomo are teaming up to jointly work on LNG bunkering projects in both countries.

Petronas Trading (Petco) has signed a memorandum of collaboration with trading house Sumitomo to jointly market but also supply LNG in Japan’s Tokyo bay and Malaysia.

The deal would help both of the firms to build a comprehensive LNG bunkering network as the globe’s LNG-powered fleet rises and owners increasingly opt for such ships to cut emissions and due to more stringent IMO rules.

Sumitomo has ordered an LNG bunkering vessel through a joint venture, Ecobunker Shipping, as it plans to boost the use of LNG as fuel in Japan and help develop a bunkering hub in Tokyo Bay. The vessel should start operations this year.

On the other side, Petronas already completed its maiden LNG bunkering operation at Pasir Gudang in November last year with the Avenir Advantage.

In addition, this is the second deal involving LNG bunkering for the Malaysian firm this week after it signed a pact with Japan’s Jera.

Most Popular

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

Knutsen, Shell name ninth LNG newbuild

Norwegian shipowner Knutsen and UK-based energy giant Shell have named the ninth and final LNG carrier in a series of 174,000-cbm vessels.

BP seals LNG SPA with Italy’s A2A

UK-based energy giant BP has signed a long-term liquefied natural gas (LNG) supply deal with Italian electricity and gas distributor A2A.

More News Like This

Shell ships first LNG Canada cargo

LNG giant Shell and its partners have shipped the first cargo produced at the LNG Canada facility in Kitimat, on the west coast of Canada.

Petronas, JOGMEC pen LNG cooperation deal

Malaysian energy giant Petronas and Japan Organization for Metals and Energy Security (JOGMEC) have signed a memorandum of cooperation to expand the collaboration framework in the liquefied natural gas sector, through a strategic LNG arrangement.

Woodside inks non-binding LNG supply deal with Petronas

Australia's Woodside has signed a non-binding heads of agreement with Malaysia's Petronas to supply the latter with liquefied natural gas (LNG) from its global portfolio. The deal may include supplies from Woodside's Louisiana LNG project in the US.

Petronas, Commonwealth LNG ink 20-year SPA

Malaysian energy giant Petronas has signed a 20-year deal to buy liquefied natural gas from Commonwealth LNG's planned 9.5 mtpa facility in Cameron, Louisiana.