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Avenir LNG to develop LNG bunkering in Malaysia

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LNG Industry,

Avenir LNG Ltd, alongisde MISC Berhad, has released a statement announcing that PETRONAS, through its subsidiary, PETRONAS LNG Sdn. Bhd. (PLSB), has awarded a time charter party (TCP) for the provision of its first 7500 m3 LNG carrier.

Avenir claims this vessel will be used to provide bunkering services to LNG-fuelled vessels across Malaysia, as well as transport services for small scale terminals in the region.

Through this collaboration, Avenir and MISC will form a joint venture company to manage the commercial operations of the LNG carrier. Ship management services, meanwhile, will be provided by a wholly-owned subsidiary of MISC – Eaglestar Shipmanagement (L) Pte Ltd.

In view of their complementary global portfolios, Avenir and PLSB will reportedly offer multi-modal LNG bunkering solutions and provide further support for LNG-fuelled vessels. In addition to this, both companies will collaborate on the development of selected small scale LNG projects.

Andrew Pickering, Chief Executive Officer of Avenir LNG Ltd, said: “We are delighted to have partnered with MISC to provide our first 7500 m3 LNG ship to PLSB to help start the bunkering activities in Malaysia and nearby areas. The wider cooperation with PETRONAS on bunkering and small scale development is what we consider very strategic in opening up this new and exciting market.”

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LNG carrier news LNG bunkering news