LNG

Malaysia’s national energy company Petronas has started the export of liquefied natural gas to China in ISO containers from its filling facility at Pengerang in southern Johor state and the site of a regasification terminal and a refinery complex.

Avenir LNG, the Norwegian small-scale LNG business, said the carrier “Avenir Accolade” would deliver the commissioning cargo to the latest Italian regasification terminal on the Mediterranean island of Sardinia after making its way from Asia.

Avenir, a joint venture between London-based Stolt-Nielsen and partners Höegh LNG and Golar LNG Ltd., took delivery of the 7,500 cubic metres capacity dual-purpose LBV “Avenir Accolade” in March 2021 from the Keppel Offshore and Marine shipyard in the Chinese port of Nantong.

The “Avenir Accolade” has an overall length of 124 metres and her beam is 18 metres.

Avenir said a ship-to-ship bunkering of the “Avenir Accolade” was carried out on April 26 by its sister ship, the “Avenir Advantage”, off Pengerang in the southern part of Peninsular Malaysia.

The Maltese-flagged “Avenir Accolade” is scheduled to transit the Suez Canal on May 15 into the East Mediterranean, according to shipping data.

“We’re thrilled to see the ‘Avenir Advantage’ alongside the ‘Avenir Accolade’, the first time they are back together since leaving the shipyard in Nantong,” said Peter Mackey, Chief Executive of Avenir LNG Ltd.

Schedule

“We look forward to welcoming the ‘Avenir Accolade’ to our HIGAS terminal in Sardinia in a few weeks’ time with the commissioning cargo onboard,” added Mackey.

“We continue to make significant strides in executing our strategy for Avenir LNG,” the CEO explained.

“The Avenir team and the crews onboard our vessels deserve a huge amount of praise for all they have accomplished during these enormously challenging times,” he stated.

Stolt-Nielsen started up the small-scale LNG sector firm Avenir in 2015 and its two main investors, Golar and Höegh, each have 22.5 percent of Avenir.

In addition to its growing small-scale fleet Avenir has an 80 percent stake in the small-scale Higas terminal being commissioned in May.

The terminal is located at the Port of Oristano and includes a jetty capable of receiving LNG vessels up to 20,000 cubic metres, an unloading arm, six horizontal cryogenic holding tanks of 1,500 cubic metres capacity each, two LNG truck-loading bays and a natural gas power generation system.

The Sardinian terminal will be capable of loading around 8,000 LNG trucks each year for subsequent distribution to smaller satellite stations across the island in a classic version of a targeted small-scale LNG project.

Sardinia currently lacks a system of access to natural gas and only a small number of industrial customers receive LNG by truck which is brought to the island by ferry.

Sept 17 (LNGJ) - Petronas Gas subsidiary Pengerang LNG plans to issue Islamic medium-term notes (Sukuk Murabahah) to raise up to 3 billion Malaysian ringgit ($724M) for phase two development of its LNG regasification terminal in the southern state of Johor. Petronas owns 65 percent of the project, the Dialog Group 25 percent and the Johor Government 10 percent.

   The issuer under the name Pengerang LNG II has lodged a programme for the 30-year notes with the Malaysian Securities Commission. Initial extra storage of 200,0000 cubic metres capacity is planned at the Pengerang regasification terminal development at the site of an integrated industrial complex comprising an oil refinery and the storage and distribution of oil and petrochemical products.

Malaysian Energy company Petronas has announced the launch of its LNG delivery service by truck for off-grid small-scale customers across Peninsular Malaysia from the regasification terminal at Pengerang in the state of Johor.

“Petronas provides industries in Peninsular Malaysia that are not connected to the natural gas infrastructure with an option to switch to gas as an alternative form of cleaner energy,” said the company.

As part of the pilot phase, Petronas completed its first delivery of LNG to a tyre manufacturing plant for the company, Continental Tyre Alor Setar Malaysia.

“The solution forms a part of Petronas’s commitment to environmental sustainability and to drive the growth of natural gas usage in Malaysia,” said Adnan Zainal Abidin, a Petronas Executive Vice President and Chief Executive of the company’s Gas and New Energy division.

He said that by establishing the necessary infrastructure the national oil and gas company offers customers a cleaner and competitive form of energy for power.

“We achieve this by embracing our customers pain-points in our strategies which results in strong collaborations across Petronas’s value chain to provide an integrated solution,” he explained.

“Ultimately, we provide a one-stop centre for off-grid customers, covering supply, loading facilities and logistic services to ensure that their cleaner energy needs are met,” he added.

“The launch of our latest solution is a testament to how Petronas delivers customer-centric solutions through our focus on innovation,” stated Adnan.

Along with other global energy companies, Petronas recently posted a loss due to lower prices and a curtailment of economic activity because of Covid-19.

Petronas reported a first-half loss of 16.5Bln Malaysian ringgit ($3.97Bln) and a 23 percent year-on-year reduction in revenue to 93.6Bln ringgit ($22.5 billion) on the back of lower average realised prices and a drop in sales volumes for processed gas and LNG.

The company said that it was looking at ways of cutting costs, including wage cuts to avoid reducing its number of employees.

Petronas President and Chief Executive Muhammad Taufik Tengku Aziz, said the company was considering pay cuts for its more than 47,000 employees in the light of the continued challenging market conditions.