Petronas delivers first LNG cargo to S-Oil Corp

PETALING JAYA: Petroliam Nasional Bhd (Petronas), through its subsidiary Petronas LNG Ltd (PLL), has delivered its first liquefied natural gas (LNG) cargo to South Korean oil refining company S-Oil Corp last Sunday.
The delivery marks the beginning of PLL’s supply to S-Oil via a 15-year sale and purchase agreement, it said in a statement. Under the agreement, PLL will deliver up to 0.7 million tonnes of LNG per annum to S-Oil.
Petronas said the cargo was delivered from its LNG Complex in Bintulu, Sarawak, to POSCO Gwangyang Terminal by Puteri Zamrud Satu, the LNG vessel chartered by MLNG and operated by Petronas’ subsidiary MISC Bhd.
Petronas vice-president of LNG marketing and trading Ahmad Adly Alias said the success of the delivery was due to the efficient and effective collaboration between the group, S-Oil, POSCO and MISC, in ensuring all operational challenges were addressed effectively.
“As an integrated global oil and gas player, Petronas remains committed to becoming the most reliable LNG supplier, through innovative and flexible solutions to accommodate the different needs of our buyers,” he added.