Malaysian oil and gas firm Petronas will supply LNG to China’s Tiger Clean Energy Limited (TCEL) as part of a new deal.
The first LNG deal to be signed virtually by Petronas via a video teleconference, the contract will see the company supply LNG to TCEL’s LNG ISO tank filling facility in Bintula, Sarawak.
As part of the agreement, delivery of the LNG to China will be undertaken by TCEL, which will then be distributed to remote locations using TCEL’s ISO tanks.
Commenting on the deal, Ahmad Adly, Vice-President of LNG Marketing and Trading at Petronas, said, “The unconventional term deal with TCEL is a customer centric solution by Petronas as it goes beyond traditional LNG arrangements and includes a modern approach to delivering LNG that enables greater access to cleaner energy.”
“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.”
“We achieved this through our unique LNG business model, whereby our solutions are customised for market adaptability and customer requirements in a rapidly evolving industry.”