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.

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