Petronas has delivered the first LNG import cargoes to Myanmar.
The malaysian oil and gas company’s subsidiary Petronas LNG delivered two LNG cargoes to Yangon in May and June as part of a sale and purchase agreement between Petronas LNG and CNTIC VPower signed in early 2020.
As part of the agreement, the LNG cargoes were sold on Free-On-Board (FOB) basis, amounting to a total LNG volume of 190,000 cubic metres.
Both LNG cargoes were loaded at Petronas LNG’s complex in Bintulu, Sarawak, and were delivered on 7th May, onboard the CNTIC VPower Global, and on 3rd June, onboard the Golar Kelvin, Petronas said.
Commenting on Petronas’ successful entry into the Myanmar gas market, Petronas LNG’s CEO Abdul Aziz Othman said, “The two LNG cargoes that were successfully delivered to CNTIC VPower marks a new era in the growth of LNG demand in the South East Asian region.”
“With Myanmar as the latest nation to adopt LNG as a form of cleaner energy, Petronas looks forward to being a long-term partner and supplier, leveraging on our world-class reliability, as well as innovative and customer-centric solutions.”
In addition to the first two LNG cargoes, Petronas is also working with CNTIC VPower for further deliveries that will strengthen the relationship between both companies, which will facilitate the growth of their foothold in Myanmar’s fast-growing gas industry.