KUALA LUMPUR: Petroliam Nasional Bhd’s (Petronas), subsidiary, Petronas LNG Ltd (PLL) has recently delivered its first liquefied natural gas (LNG) to South Korean oil refining company, S-Oil Corp.
The delivery marks the beginning of PLL’s supply to S-Oil via a 15-year sale and purchase agreement (SPA) where the company is committed to deliver up to 0.7 million tonnes per annum of LNG to S-Oil.
The cargo was delivered from Petronas LNG Complex in Bintulu, Sarawak, to POSCO Gwangyang Terminal by Puteri Zamrud Satu, the LNG vessel chartered by Malaysia LNG Sdn Bhd and operated by Petronas’ unit MISC Bhd (MISC).
Petronas vice president of LNG marketing and trading, Ahmad Adly Alias said the success of the delivery was due to the efficient and effective collaboration between Petronas, S-Oil, POSCO and MISC, in ensuring all operational challenges were addressed effectively.
“As an integrated global oil and gas player, Petronas remains committed to becoming the most reliable LNG supplier, through innovative and flexible solutions to accommodate the different needs of our buyers,” he said at the S-OIL First LNG Cargo receiving ceremony, recently.
Backed by over 30 years of LNG experience, Petronas is recognised as a reliable and flexible LNG supplier, operating from its main supply base in Bintulu, Sarawak.
The oil and gas company has also diversified its LNG supply portfolio in recent years with the inclusion of Australia’s Gladstone LNG and the world’s first floating LNG facility located offshore Sarawak.
S-Oil established in 1976 and produces petroleum, petrochemical and lube base oil products.