Petronas starts LNG deliveries to South Korea’s S-Oil
Malaysian energy giant Petronas delivered its first liquefied natural gas (LNG) cargo to the South Korean oil refining company, S-OIL Corporation.
The delivery completed on Sunday, April 22, marks the beginning of Petronas’s supply to S-OIL via a 15-year sale and purchase agreement (SPA), Petronas said in a statement.
Under the agreement, Petronas is committed to deliver up to 0.7 million tonnes per annum (mtpa) of LNG to S-OIL.
The cargo was delivered from Petronas LNG complex in Bintulu, Sarawak, to POSCO Gwangyang terminal by Puteri Zamrud Satu, the LNG vessel chartered by MLNG and operated by Petronas’ unit MISC.
Petronas’ main supply base in Bintulu, Sarawak has a total output capacity of 30 mtpa. The company added that it has also diversified its LNG supply portfolio in recent years with the inclusion of Australia’s Gladstone LNG and the world’s first floating LNG facility located offshore Sarawak.