PETRONAS through its subsidiary PETRONAS
LNG Ltd. (PLL) and its shipping affiliate, MISC Berhad (MISC) inked a
non-binding Memorandum of Understanding (MoU) on 9 May 2017 with Gas4Sea
partners, comprising ENGIE S.A. (ENGIE), Mitsubishi Corporation (MC) and Nippon
Yusen Kabushiki Kaisha (NYK) to explore potential collaboration in promoting
LNG as the preferred marine fuel, says a release.
Gas4Sea is a partnership created to
jointly promote LNG as the cleaner maritime fuel, by providing LNG bunkering
services in the global market.
Under the terms of the MoU, the parties
will explore ways to collaborate and identify potential business opportunities
in relation to LNG bunkering.
Signing on behalf of PLL and MISC were
PLL Chief Marketing Officer & Chief Executive Officer, Ezhar Yazid Jaafar
and MISC Vice President of LNG Business Unit, Faizul Ismail while Gas4Sea
partners were represented by MC General Manager of LNG Bunkering Business
Office, Yuji Toshima, ENGIE Senior Vice President of Business Development Asia,
Denis Bonhomme, and NYK Manager of Fuel Project Team, Takahiro Nito.
Commenting on the MoU, Ezhar said that
the collaboration is expected to enhance PETRONAS’ strong presence in the
integrated LNG value chain and diversified LNG market portfolio.
“PETRONAS is 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,” said
Gas4Sea partners are major players in
the energy and global shipping industries. With their world’s first purpose
built LNG bunkering vessel based in the port of Zeebrugge , they are equipped
with a key piece of the LNG bunkering value chain to extend the reach of LNG to
fuel the marine transportation sector.
“In addition, this collaboration will
also support the usage of LNG as a fuel of choice for maritime activities,
which is in line with PETRONAS’ effort in helping the industry reduce its
carbon footprint,” continued Ezhar.
With over 40 years of experience in the
oil and gas industry, PETRONAS is recognised as a reliable fully integrated oil
and gas multinational with a proven track record in operations spanning the
entire hydrocarbon value chain.
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