The UK-based small-scale LNG supplier Avenir LNG Limited has partnered up with Malaysia’s shipping group MISC Berhad to provide its first 7,500 cbm LNG carrier to a subsidiary of Petronas in an effort to advance LNG bunkering in Malaysia.
As informed, Petronas LNG Sdn. Bhd. (PLSB) has recently awarded a time charter party (TCP) to Avenir LNG.
The vessel will provide bunkering to LNG-fueled vessels across Malaysia in addition to 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 whereas ship management services will be provided by Eaglestar Shipmanagement, part of MISC.
Avenir and PLSB will offer multi-modal LNG bunkering solutions and provide further support for LNG-powered vessels. Additionally, both companies intend to collaborate on the development of selected small-scale LNG projects.
Commenting on the TCP and wider collaboration, Andrew Pickering, Chief Executive Officer of Avenir LNG Limited, said:
“We are delighted to have partnered with MISC to provide our first 7,500 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,” he added.
Avenir currently has a total of six vessels under construction comprising four 7,500 cbm and two 20,000 cbm LNG carriers.
Source: World Maritime News
Image Courtesy: Avenir LNG