Petronas, MISC partner Gas4Sea to promote LNG as marine fuel

KUALA LUMPUR: Petronas Group’s subsidiary Petronas LNG Ltd and its shipping affiliate MISC Bhd have entered into a non-binding memorandum of understanding with Gas4Sea to collaborate in promoting the use of liquefied natural gas (LNG) as marine fuel.

Gas4Sea is a partnership formed by Engie SA, Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha to promote LNG as the cleaner marine fuel by providing LNG bunkering services in the global market. Gas4Sea operates a purpose-built LNG bunkering vessel based in the port of Zeebrugge in Belgium.

Petronas LNG chief marketing officer & CEO Ezhar Yazid Jaafar said the collaboration is expected to enhance Petronas’ strong presence in the integrated LNG value chain and diversified LNG market portfolio.

“Petronas looking at ways to further promote the consumption of LNG beyond the existing markets portfolios, and advocating LNG as marine fuel is a new frontier for the LNG sector,” he said.

Gas4Sea is equipped with a LNG bunkering value chain to extend its reach to fuel the marine transport sector, Ezhar added.

Petronas Group has diversified its LNG supply portfolio in recent years with the addition of Australia Gladstone LNG and Petronas First Floating LNG Facility in offshore Sarawak.