PETRONAS ties up LNGCs on long term charters

Written by  Ian Cochran
Tuesday, 12 May 2026
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PETRONAS LNG has signed a 20-year timecharter agreement with affiliate MISC Group (MISC) for five newbuilding 174,000 cu m LNGCs.

This reinforces its long-term LNG supply reliability, while supporting customers’ energy transition towards a lower-carbon future, the Malaysian energy major said.

This followed the conclusion of shipbuilding contracts between MISC and China’s Hudong-Zhonghua Shipbuilding (Group) in January and February, 2026.

The vessels will be constructed in Shanghai with charter commencements expected between 2029 and 2030.

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