Malaysia’s state-owned oil and gas firm Petronas commences LNG exports to Myanmar

Malaysia’s state-owned oil and gas firm Petronas on June 5 delivered the first liquefied natural gas (LNG) cargoes to Myanmar.

The deliveries were made on a free-on-board basis as part of an agreement made earlier this year between Petronas subsidiary Petronas LNG Ltd (PLL) and Chinese company CNTIC VPower, which last year won four power generation projects in Myanmar.

PLL delivered a total of 190,000 cubic meters of LNG to Myanmar.   “The two LNG cargoes that were successfully delivered to CNTIC VPower marks a new era in the growth of LNG demand in the Southeast Asian region,” PLL’s CEO, Abdul Aziz Othman said in a statement. 

Petronas is also working with CNTIC VPower for further deliveries. 

CNTIC (Consortium of China National Technical Import & Export Corporation) and VPower Group Holdings Ltd last year won three LNG power production projects in Myanmar and LNG necessary for the projects will be purchased from Petronas.

The projects are located in Rakhine’s Kyaukphyu, Yangon’s Thanlyin and Thaketa, totalling 900 megawatts. It also secured a 20MW project that would use gas supplied by the government in Kyun Chaung. The Myanmar government will purchase power from these projects, which were hurriedly approved to meet demand for electricity during the summer months. - Translated

(The Myanmar Times: https://www.mmtimes.com/news/malaysias-petronas-commences-lng-exports-myanmar.html )

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