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Petronas signs LNG bunkering deal in Labuan

Petronas signs LNG bunkering deal in Labuan
Malaysia is also getting up to speed on smaller scale LNG solutions, including LNG bunkering, with national oil company Petronas' unit Petronas LNG signing a two-year service agreement with Argo Engineering and Eastport Marine to provide ship-to-ship LNG transfer services in Labuan, local reports said.

Ship-to-ship transfer of LNG will allow greater flexibility of cargo delivery especially for small-scale LNG requirements.

“This ship-to-ship transfer service agreement is Petronas’ first collaboration in providing flexible delivery solutions that goes beyond the conventional selling and delivering of LNG,” said chairman Ahmad Adly Alias.

“LNG ship-to-ship transfer services is an emerging trend to cater to the needs of small scale LNG requirements,” he added.
Combining Argo and Eastport’s shipping expertise with Petronas’ strong LNG portfolio, the partnership will enable the company to respond to new market demands, including LNG shipping solutions.

Argo has vast experience in LNG shipping operations supported by a network of experienced technical personnel in the LNG shipping industry.

Eastport have expertise in handling bunkering and ship-to-ship operations, in addition to possessing the sole license to provide LNG bunkering and ship-to-ship services at Brunei Bay, Labuan.