Petronas delivers 1st LNG cargo to Thailand

By MARK RAO

Petroliam Nasional Bhd (Petronas) announced that it had successfully delivered its first liquefied natural gas (LNG) cargo to Thailand last week.

Under the long-term sale and purchase agreement (SPA) reached between its subsidiary Petronas LNG Ltd (PLL) and PTT Public Co Ltd, the national oil and gas (O&G) company said the cargo was delivered to the Map Ta Phut Terminal at Rayong on the east coast of the Thailand gulf from the Petronas LNG Complex in Bintulu, Sarawak, on July 20 this year.

The shipment was carried on the Puteri Intan Satu LNG vessel, owned and operated by offshore O&G and LNG player MISC Bhd, which is also a subsidiary of Petronas. Petronas VP of LNG marketing and trading Ahmad

Adly Alias said the group has come a long way since its first LNG delivery in 1983 and is looking forward to the start of a new long- term partnership with its neighbour PTT.

“Over the years, we have built our capacity to a combined 34 million tonnes per annum.

“The LNG under this SPA will be sourced globally from Petronas’ portfolio of supply,” Ahmad Adly said in a statement last Friday.

Under the agreement, PLL is committed to deliver up to 1.2 million tonnes per annum of LNG to PTT for a period of 15 years.

Petronas has been supplying piped natural gas to Thailand from its Myanmar-based Yetagun project and the Thailand-Malaysia Joint Development Area located in the Thailand gulf.

“PTT and Petronas are exploring further opportunities to collaborate in LNG and natural gas value chain,” Ahmad Adly added.