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Shanghai receives first LNG cargo

Shanghai receives first LNG cargo

Shanghai: Malaysia LNG Tiga Sdn Bhd, (MNLG), a subsidiary of Petronas, has successfully delivered its first liquefied natural gas (LNG) cargo of 60,500 metric tonnes to the Shanghai LNG Company Ltd, Bernama news agency reported.

The LNG vessel, Puteri Intan Satu, departed the Petronas LNG Complex in Bintulu on October 19 and arrived to deliver the cargo at Shanghai LNG Company's Yangshan LNG receiving terminal, south of Shanghai on October 26.

Petronas, in a statement today, said that the delivery of LNG to Shanghai LNG Company, comes under the 25-year sales and purchase delivery agreement signed in July 2006.

Under the pact, MNLG Tiga would supply up tO 3.03 million metric tonnes of LNG per year to the Chinese company.

The agreement, which is the national oil corporation's first long-term contract with China, also marked a major breakthrough for Petronas in China's energy sector.

Prior to this shipment, MNLG Tiga delivered a commissioning LNG Cargo to Shanghai LNG Co at the Yangshan LNG receiving terminal.

Shanghai LNG Co is a joint venture between Shenergy Group (55 per cent) and CNOOC Gas & Power (45 per cent).

CNOOC Gas & Power is a wholly-owned subsidiary of the China National Offshore Oil Corporation. The terminal came onstream later than expected following a deadly explosion during construction this February.  [29/10/09]