Malaysian energy giant Petronas has delivered the first liquefied natural gas (LNG) cargo to PetroVietnam Gas, a unit of state-owned PetroVietnam.
According to a statement by Petronas on Tuesday, its unit Petronas LNG delivered the shipment recently from the giant Bintulu LNG complex in Sarawak to the PetroVietnam Gas-operated Thi Vai LNG terminal in Ba Ria-Vung Tau province.
The cargo was delivered by the 2007-built 145,894-cbm, Seri Ayu, which Petronas charters from its unit MISC.
Petronas said this delivery marks the beginning of its cooperation with PV Gas, paving the way for future collaboration to support Vietnam’s energy security needs.
It builds on the foundation established by the memorandum of cooperation (MoC) signed in November 2023 between Petronas and PetroVietnam.
Looking ahead, Petronas and PVN will “continue to explore new avenues for LNG business collaboration, in alignment with the principles of the MoC.”
“As the global LNG market becomes increasingly dynamic, Petronas remains committed to supporting PVN in meeting Vietnam’s electricity demand and serving its industrial customers,” Shamsairi Ibrahim, Petronas VP of LNG marketing and trading, said.
Last month, PV Gas announced that the two firms had signed an agreement for the supply of LNG for delivery in early April.
The deal is worth about 1,000 billion Vietnamese dong ($38.5 million), according to PV Gas.
The two sides also agreed to continue discussing and concretizing cooperation agreements in the upcoming period, including evaluating opportunities to purchase and sell LNG under medium and long-term contracts, PV Gas said.
Energy News Beat