AsiaContracts and Tenders

Petronas inks LNG supply deal with China’s Tiger

By Mirza Duran
Bintulu LNG plant
Bintulu LNG plant

Malaysian energy giant Petronas said it has recently entered into an LNG supply deal with China’s Tiger Clean Energy.

The two companies signed the deal via a video conference due to the Covid-19 coronavirus pandemic.

Petronas says this is the first ever virtual LNG deal for the company.

The Malaysian giant will supply chilled fuel from its Bintulu plant to Tiger’s ISO tank facility on the island of Borneo.

Tiger, led by former Seaspan CEO Gerry Wang, will then deliver the fuel in ISO tanks to locations in China.

Petronas did not reveal any additional details regarding the contract.

Petronas VP of LNG marketing and trading, Ahmad Adly Alias said this “unconventional” term deal goes beyond traditional LNG arrangements.

“Through this modern approach in delivering LNG, we established a virtual pipeline that effectively enables LNG to reach off-grid customers who are not directly served by the natural gas distribution system in China,” he said.

Most Popular

LNG Terminals

TotalEnergies picks Daewoo E&C for Papua LNG contract

French energy giant TotalEnergies and its partners in the planned Papua LNG project in Papua New Guinea have selected South Korea’s Daewoo E&C as the preferred bidder for the EPCC of the project's central processing facility and well pads.
Contracts and Tenders

Golar inks LoI with Seatrium for new FLNG conversion

Floating LNG player Golar has entered into a letter of intent with Singapore's Seatrium to secure incremental FLNG yard capacity for another FLNG conversion.
LNG Terminals

Golar orders fourth FLNG in China

Floating LNG player Golar LNG said that it had executed an engineering, procurement, and construction (EPC) agreement with China's Yantai CIMC Raffles Offshore for its fourth FLNG and second MKII FLNG with an annual liquefaction capacity of 3.5 mtpa.
spot_img

More News Like This

Contracts and Tenders

MISC orders LNG vessel for charter to Petronas

Malaysian LNG shipping firm MISC has ordered one 18,700-cbm LNG carrier from China's Hudong-Zhonghua, backed by a 10-year charter deal with a unit of its parent Petronas.
Contracts and Tenders

Petronas, Hokuriku Electric to renew LNG supply deal

A unit of Malaysia’s energy giant Petronas has signed a heads of agreement with Japan’s utility Hokuriku Electric to negotiate the renewal of a long-term liquefied natural gas (LNG) supply agreement.
Contracts and Tenders

GTT bags contract for Petronas-chartered LNG carriers

GTT's marine unit has secured a contract to equip Petronas-chartered liquefied natural gas (LNG) carriers with its digital solutions.
Contracts and Tenders

Petronas, Shizuoka Gas seal LNG supply deal

A unit of Malaysia's energy giant Petronas has entered into a new liquefied natural gas (LNG) sales and purchase deal with Japan's city gas supplier and LNG importer, Shizuoka Gas.