Photo: Image courtesy of Avenir LNG

Avenir LNG charters newbuild carrier to Petronas

Avenir LNG charters newbuild carrier to Petronas
Image courtesy of Avenir LNG

Avenir LNG in collaboration with MISC Berhad has agreed a time charter deal with Petronas, for the provision of its first 7,500-cbm liquefied natural gas carrier.

The vessel, under contact with Petronas’ unit, Petronas LNG, will provide bunkering to LNG fuelled vessels across Malaysia in addition to transport services for small-scale terminals in the region.

Through this collaboration, Avenir and MISC will form a joint venture company to manage the commercial operations of the LNG carrier whereas ship management services will be provided by Eaglestar Shipmanagement, a wholly-owned unitof MISC, Avenir LNG said in its statement.

Avenir and Petronas LNG will offer multi-modal LNG bunkering solutions and provide further support for LNG fuelled vessels.

Additionally, both companies will collaborate on the development of selected small-scale LNG projects.

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