Petronas successfully delivers LNG to South Korean oil firm

Petroliam Nasional Bhd (Petronas), has successfully delivered its first liquefied natural gas (LNG) to South Korean Oil Refining Company, S-OIL Corporation on April 22, 2018 via its subsidiary Petronas LNG Ltd. (PLL),

In a statement, Petronas said the delivery marked the beginning of PLL’s supply to S-OIL via a 15-year sale and purchase agreement (SPA).

Under the agreement, PLL is committed to deliver up to 0.7 million tonnes per annum (MTPA) of LNG to S-OIL.

The cargo was delivered from Petronas LNG Complex in Bintulu, Sarawak, to Posco Gwangyang Terminal by Puteri Zamrud Satu, the LNG vessel chartered by MLNG and operated by Petronas’.

Petronas vice president of LNG marketing & trading, Ahmad Adly Alias, said that the success of the delivery was due to the efficient and effective collaboration between Petronas, 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,” Ahmad Adly said.