Brunei Gas Carriers sells old LNG tanker

Brunei Gas Carriers said it has sold its longest-serving A-Class liquefied natural gas (LNG) carrier, Abadi.

“On June 20, 2022, BGC bid a final farewell to its longest serving A-Class vessel, the S.S. Abadi, before she returns to her new owner next month,” BCG said in a social media post on Friday.

“The sale of S.S. Abadi comes as part of BGC’s long-term strategy to move away from steam-operated vessels in favor of greener and more fuel-efficient motor-operated vessels amidst on-going regulatory pressure to reduce greenhouse gas pollutants and our vessels’ carbon footprint,” it said.

BGC did not reveal any additional info regarding the sale.

VesselValue data suggest the Moss type vessel, built in 2002 by Japan’s Mitsubishi Heavy, is worth about $28.7 million.

Brunei Gas Carriers sells old LNG carrier
Image: Brunei Gas Carriers

Established in 1998, the Brunei government holds 80 percent in BGC, while Shell and Mitsubishi Corporation’s Diamond Gas Carriers each have a 10 percent stake.

BGC now has owns four A-Class vessels, namely Arkat, Amali, Amani, and Amadi, ranging from 147,000 cbm to 154,800 cbm.

The company’s vessels serve the 6.7 mtpa Brunei LNG export plant in Lumut, one of the world’s oldest LNG export facilities. Shell and Mitsubishi have each a 25 percent share in the facility, while the Brunei government holds 50 percent.

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