PETRONAS signs MoU with Gas4Sea to promote LNG as a marine fuel

PETRONAS LNG Ltd (PLL) and its shipping affiliate, MISC Berhad have signed a Memorandum of Understanding (MoU) with Gas4Sea partners, comprising ENGIE, Mitsubishi Corporation and Nippon Yusen Kabushiki Kaisha to explore potential collaboration in promoting LNG as the preferred marine fuel.

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. Commenting on the MoU, PLL and MISC were PLL Chief Marketing Officer & Chief Executive Officer, Ezhar Yazid Jaafar 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 Ezhar.

For more information visit www.petronas.com

30th May 2017