Malaysia liquefied natural gas (LNG) player Godell Gas International Sdn Bhd (GGI) on Wednesday (14 October) entered into two LNG related agreements with Petronas Dagangan Bhd (PDB), the subsidiary of Petroliam Nasional Bhd (Petronas), according to Bernama.
The first agreement will see GGI carrying out ship to ship LNG bunkering operations for PDB via its own LNG bunkering vessel.
“GGI is also committed to build, own and operate the first Malaysian flag 12,000 cubic metre LNG bunker vessel, the first of three series is expected to be delivered in the second half of 2022,” said Raja Azhar Raja Ismail, Group Managing Director of GGI, as quoted by Bernama.
“With the LNG bunker vessel, GGI is positioning itself as one of the key players in LNG bunkering, supporting Petronas’ and Malaysia’s aspiration to become the top players in LNG bunkering regionally.”
The second agreement will oversee Petronas supplying LNG to GGI from its Regasification Terminal in Pengerang, Johor.
GGI will distribute the LNG to off-grid customers throughout Malaysia through its own virtual pipeline system (VPS) comprising of storage and vaporiser facilities.
The LNG bunkering and VPS agreements with Petronas have resulted in GGI entering into a memorandum of understanding (MOU) with CPP Petroleum Engineering (M) Sdn Bhd (CPP) and China Construction Bank (Malaysia) Bhd (CCB) to support both projects.
Photo credit: Wayne Chew on Unsplash
Published: 15 October, 2020
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