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Petronas expands customer base with 3rd LNG break bulking STS transfer

KUALA LUMPUR, Oct 14 -- Petroliam Nasional Bhd’s (Petronas) subsidiary, Petronas LNG Ltd (PLL), recently completed its third successful delivery of liquefied natural gas (LNG) cargo through its break bulking ship-to-ship (STS) transfer to two buyers.

The LNG break-bulking STS transfer which took place in Brunei Bay, Sabah, is the first for Petronas in expanding its customer base by providing solutions to two buyers, said the national oil and gas company here today.

The delivering vessel, Seri Bijaksana, transferred 80,000 m3 of LNG to LNG vessel, Polar Spirit and 62,000 m3 to Lerici, which then made their separate deliveries to two separate receiving terminals in China.

“Petronas continues to demonstrate its flexibility and adaptability to succeed in the changing and dynamic LNG market place. The third successful STS transfer operation is a testimony of our commitment to address customer demands,” Executive Vice President & Chief Executive Officer of Gas & New Energy Business, Adif Zulkifli was quoted as saying in a statement.

He pointed out these could only be achieved through Petronas’ unique business models which allow them to customise its solutions according to their customers’ requirements; especially when the market was moving towards mid-sized cargo requirements, or smaller parcels of LNG.

“By remaining focused in providing innovative solutions to meet customer demands, Petronas is able to continue its on-time and on-schedule LNG delivery for more than 35 years and counting,” said Adif.

Petronas completed its first LNG STS break-bulking operation in June 2018, and the second, in April 2019.

It is a collaborative effort with various stakeholders namely Sabah Ports Authority, Sabah Ports Sdn Bhd, Sabah Ports and Harbours Department, MISC Bhd, Teekay LNG Partners L.P., Asian Supply Base Sdn Bhd, Argo Engineering Sdn Bhd, Eastport Marine Sdn Bhd and KASI (Malaysia) Sdn Bhd.

-- BERNAMA

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