Petronas inks LNG supply deal with China’s Tiger

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

Cheniere takes FID on two more Corpus Christi LNG trains

US LNG exporting giant Cheniere has made a positive final investment decision to build two more midscale trains at its Corpus Christi LNG plant in Texas. The company has also issued full notice to proceed to Bechtel.

Golar progresses FLNG growth plans

Golar LNG said it had signed a final engineering study to confirm EPC price and delivery for a 5 mtpa MKIII FLNG.

Italian FSRU operator launches small-scale LNG service

Italy’s OLT Offshore LNG Toscana, the operator of the FSRU Toscana, has launched its small-scale liquefied natural gas service, enabling small vessels to load LNG at the FSRU.

More News Like This

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.

Petronas, Jera strenghten LNG ties

Malaysia's Petronas and Japan's Jera have agreed to expand their collaboration across the gas value chain, including providing LNG supply for Japan, with the signing of a memorandum of understanding.