Petronas has awarded a time charter party (TCP) for the provision of Avenir LNG’s first 7,500 cbm LNG carrier that will see the vessel provide bunkering to LNG-fuelled vessels across Malaysia in addition to transport services for small-scale terminals in the region.
Avenir LNG said that it will form a joint venture company with MISC to manage the commercial operations of the LNG carrier. The ship management services will be provided by Eaglestar Shipmanagement, a wholly-owned subsidiary of MISC.
Andrew Pickering, Chief Executive Officer of Avenir LNG Limited, commented: “We are delighted to have partnered with MISC to provide our first 7,500 cbm LNG ship to Petronas LNG Sdn. Bhd. (PLSB) to help start the bunkering activities in Malaysia and nearby areas. The wider cooperation with Petronas on bunkering and small-scale development is what we consider very strategic in opening up this new and exciting market.”
As previously reported by Bunkerspot, Avenir LNG’s 7,500 LNG carrier, which will be the first of two, was built by Keppel Nantong Shipyard for Avenir LNG’s parent Stolt Nielsen and officially launched in July.