AsiaContracts and TendersLNG as Fuel

Petronas continues with LNG bunkering push as it inks Cnooc deal

By LNG Prime Staff
Petronas continues with LNG bunkering push as it inks Cnooc deal
For illustration only (Image: Petronas)

Malaysia’s Petronas is continuing to sign collaboration deals with global players which include LNG bunkering, and this time the firm joined forces with China’s Cnooc.

Petronas said Monday it signed a memorandum of understanding with the state-owned giant to pursue energy opportunities, including LNG bunkering solutions.

The duo would explore the establishment of a global bunkering supply network, leveraging on both companies’ experience in LNG bunkering, Petronas said.

This marks the fourth LNG bunkering collaboration deal this year for the Malaysian firm following agreements with Adnoc, Jera, and Sumitomo.

Besides bunkering, Petroans and Cnooc will boost collaboration in LNG supply, upstream exploration and development projects, and refining.

The scope also includes oilfield and engineering services, specialty chemicals, lubricants as well as renewable energy, Petronas said.

The Malaysian firm said that the duo already collaborates in the LNG industry via a long-term supply deal. Petronas signed back in 2006 the 25-year supply deal for over 3 million tonnes per year with Shanghai LNG in which Cnooc has a 45 percent stake.

Most Popular

LNG Terminals

PetroChina delivers first LNG cargo to Gate under long-term capacity deal

PetroChina International, a unit of state-owned PetroChina, has delivered its first LNG cargo to the Dutch Gate LNG import terminal in Rotterdam, owned by Gasunie and Vopak, under a long-term capacity deal.
LNG Terminals

LNG Alliance plans new LNG export project in Mexico

LNG Alliance, developer of the Amigo LNG project in Mexico, plans to build a second project in Mexico called Bravo LNG.
Contracts and Tenders

Power LNG takes step forward with Pelican Island facility

The Port of Galveston has approved a lease and development agreement with Texas-based Power LNG for the latter's planned small-scale, modular liquefied natural gas (LNG) production, storage, and bunkering facility on Pelican Island.

More News Like This

Contracts and Tenders

MISC JV seals Malaysian LNG carrier charter deal

A joint venture of Malaysian LNG shipping firm MISC and Japan's NYK has signed a long-term charter agreement with Malaysia LNG (MLNG), a unit of Petronas and operator of the giant Bintulu LNG complex, for one 18,700-cbm LNG carrier.
Contracts and Tenders

Eni to sell stakes in Indonesian upstream assets

Italian energy firm Eni has signed agreements with Pertamina and Medco to sell stakes in upstream assets in Indonesia.
Vessels

MISC to order five more LNG carriers for Petronas charter

Malaysian shipping firm MISC will order five additional newbuild 174,000-cbm liquefied natural gas (LNG) carriers at China's Hudong-Zhonghua. The vessels will serve a 20-year charter with a unit of MISC's parent, Petronas.
Contracts and Tenders

Air Products to build Malaysia’s first LNG-based air separation unit

US-based Air Products said it had secured a contract to supply Malaysia’s first LNG-based air separation unit for the Petronas-led Pengerang LNG regasification terminal in Johor.