Malaysian oil company Petronas shipped its first liquefied natural gas (LNG) cargo aboard the 83,400 dwt LNG carrier Seri Amanah to Japan’s Hokuriku Electric Power Company (Hokuriku Electric).
The delivery, made through Petronas’ subsidiary Malaysia LNG Sdn Bhd (MLNG) on March 17, marked the beginning of MLNG’s supply to Hokuriku Electric via a sale and purchase agreement (SPA) signed on December 6, 2016.
Seri Amanah, which is chartered by MLNG and operated by Petronas’ subsidiary MISC Bhd (MISC), delivered the cargo from Petronas LNG Complex in Bintulu, Sarawak to Toyama-Shinko Terminal in Japan.
Under the terms of the agreement, Petronas through MLNG will supply up to six cargoes of LNG per year for 10 years.
“As an integrated global oil and gas player, PETRONAS remains committed to delivering the reliable supply of LNG through innovative and flexible solutions to accommodate the different needs of our buyers,” Ahmad Adly Alias, Petronas’ Vice President of LNG Marketing & Trading, said.
Alias added that the collaboration between MLNG, MISC, and Hokuriku Electric to customise LNG vessels and meet the requirements of the delivery contributed to the efficient and stable supply to Hokuriku Electric.