Petronas expands global LNG fleet with three new vessels

By , in Business Local on .

KUALA LUMPUR, April 29 — Petronas LNG Ltd (PLL) has signed a Time Charter Party (TCP) for three newbuild liquefied natural gas vessels with the shipowner, Hyundai LNG Shipping (HLS), bringing its global fleet presence to 27 vessels.

Petronas said the newbuild 174,000 cubic metres vessels are expected to be delivered from the second quarter of 2024 on a staggered basis, and will primarily be used to carry cargoes from LNGCanada — further contributing to the competitive and uninterrupted supply to its customers.

“The multi-sized fleet has enabled the company to reliably deliver LNG to over 25 countries from its global portfolio of supply, located in Malaysia, Australia, Egypt and Canada by 2024,” it said in a statement today.

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To-date, PETRONAS has delivered over 11,500 LNG-cargoes across the globe.

The TCP deal with HLS was awarded via an international tender exercise to support PETRONAS’ growing global LNG business portfolio.

As part of the agreement, HLS had signed shipbuilding contracts with Hyundai Heavy Industries (HHI) for the construction of the three vessels.

Upon completion, the vessels would be among the most energy-efficient LNG carriers ever built, with shaft generators powered by LNG, Petronas said. 

“These vessels are also installed with air lubrication systems that reduce hull resistance and are designed with an optimised hull design that reduces aerodynamic drag at sea,” it said.

The eco-friendly vessels will be fitted with the Integrated Smart Ship Solution to enhance the performance monitoring process.

Collectively, these features will give the identical vessels the lowest carbon emission footprint in their class, further attesting to Petronas’ commitment to responsibly delivering cleaner energy solutions.

BERNAMA

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